Cluster Group Holdings Ltd Co

CLUSdata completeness 75%11 fiscal years on file

i. The business — what you’d actually own

Figure	FY 2016	FY 2017	FY 2023	FY 2024	FY 2025
Revenue	—	—	$0¹	$0²	$0²
Net income	−$50,159³	−$233,138³	−$10,658⁴	−$58,460⁵	−$52,013⁵
Operating cash flow	—	—	−$5,158⁶	−$48,708⁷	−$49,723⁷
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	—	—	$0⁸	$0⁸	$0⁸
Diluted shares	147.5M	202.5M	4,399	4,385	21.4M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal

If you owned

Net assets behind them

−$0.03

your share of equity

Profit it earned you last year

−$0.02

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.03 of net worth that earned you −$0.02 last year.

iii. Is this a good business?

Moat signal · return on equity

— avg · 5y

Not enough data in the filings for a return-on-capital reading.

Management signal · capital allocation

−86% shares · 5y

Share count is down 86% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.1.0

DCF · Growth Exit 10Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 years of FCF (need ≥3) — model not applicable

Earnings Power Value

not applicable

normalized (5y-median) earnings non-positive — EPV undefined

Graham Number

not applicable

diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts