MeritValue

Community Redevelopment Inc.

CRDVdata completeness 75%4 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

The thesis, from the filings

Community Redevelopment Inc. earns about -61% on equity, and has bought back 61% of its shares over 4 years. The cash-flow models don't apply cleanly here — the ledger says why below.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2019FY 2020FY 2021FY 2022
Revenue$01$02$03$93,7503
Net income−$40,7624−$46,1545−$10.6M6−$10.8M6
Operating cash flow−$40,7627−$41,8498−$385,9919$1.23M9
Capital expenditure————
Free cash flow (derived)————
Total debt$010$38,04110——
Cash & equivalents$011$8,51811$1.08M12$101,72812
Diluted shares125.0M125.0M25.9M49.4M

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
shares
Net assets behind them
−$0.07
your share of equity
Profit it earned you last year
−$2.19
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.07 of net worth that earned you −$2.19 last year.

iii. Is this a good business?
Moat signal · return on equity
-61% avg · 4y
FY19 —FY20 —FY21 -61%FY22 —

It earned an average -61% on equity over 4 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−61% shares · 4y

Share count is down 61% over 4 years — management has been buying back stock, quietly handing owners a bigger slice.

reading capital allocation →

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
  1. 10-K · period ending 2019-12-31 · accession 0001683168-21-001378 (Revenues)
  2. 10-K/A · period ending 2020-12-31 · accession 0001683168-23-001170 (Revenues)
  3. 10-K · period ending 2021-12-31 · accession 0001683168-23-004574 (Revenues)
  4. 10-K · period ending 2019-12-31 · accession 0001683168-21-001378 (NetIncomeLoss)
  5. 10-K/A · period ending 2020-12-31 · accession 0001683168-23-001170 (NetIncomeLoss)
  6. 10-K · period ending 2021-12-31 · accession 0001683168-23-004574 (NetIncomeLoss)
  7. 10-K · period ending 2019-12-31 · accession 0001683168-21-001378 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K/A · period ending 2020-12-31 · accession 0001683168-23-001170 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2021-12-31 · accession 0001683168-23-004574 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2019-12-31 · accession 0001683168-21-001378 (DebtCurrent)
  11. 10-K · period ending 2019-12-31 · accession 0001683168-21-001378 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2021-12-31 · accession 0001683168-23-004574 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)