MeritValue

DT Cloud Star Acquisition Corp

DTSQdata completeness 75%3 fiscal years on file

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

The thesis, from the filings

The applicable estimate puts fair value near $6.18 a share.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 2023FY 2024FY 2025
Revenue—$1.46M1$2.68M1
Net income−$4,2212$1.19M3$2.13M3
Operating cash flow—−$196,7524−$410,9684
Capital expenditure———
Free cash flow (derived)———
Total debt———
Cash & equivalents—$411,4295$4615
Diluted shares1.7M2.0M2.0M

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
−$5.25
your share of equity
Profit it earned you last year
$10.66
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$5.25 of net worth that earned you $10.66 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 3y

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

seeing a moat in the numbers →
Management signal · capital allocation
+16% shares · 3y

Share count is up 16% over 3 years — owners have been diluted. Worth asking what they got for it.

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
$6.18
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$1.19M
  • growthAssumed0.0%
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/A · period ending 2024-12-31 · accession 0001493152-26-029131 (InterestAndDividendIncomeOperating)
  2. 10-K · period ending 2023-12-31 · accession 0001641172-25-001417 (NetIncomeLoss)
  3. 10-K/A · period ending 2024-12-31 · accession 0001493152-26-029131 (NetIncomeLoss)
  4. 10-K/A · period ending 2024-12-31 · accession 0001493152-26-029131 (NetCashProvidedByUsedInOperatingActivities)
  5. 10-K/A · period ending 2024-12-31 · accession 0001493152-26-029131 (CashAndCashEquivalentsAtCarryingValue)