Evolution Metals & Technologies Corp.
EMATdata completeness 63%4 fiscal years on fileData notes: no data for concept 'revenue'; no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'
i. The business — what you’d actually own
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Net income | −$2.39M1 | −$54,3222 | −$899,9273 | −$1.79M3 |
| Operating cash flow | −$976,3064 | −$1.35M5 | −$1.46M6 | −$1.33M6 |
| Capital expenditure | — | — | — | — |
| Free cash flow (derived) | — | — | — | — |
| Total debt | — | — | — | — |
| Cash & equivalents | $213,1827 | $6,7608 | $1,1859 | $4,0229 |
| Diluted shares | 2.3M | 2.3M | 2.3M | 2.3M |
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
−$52.58
your share of equity
Profit it earned you last year
−$7.83
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares is a claim on −$52.58 of net worth that earned you −$7.83 last year.
iii. Is this a good business?
Moat signal · return on equity
— avg · 4y
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Management signal · capital allocation
−0% shares · 4y
Share count is roughly flat over 4 years — little dilution, little buyback.
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
- 10-K · period ending 2022-12-31 · accession 0001213900-23-013299 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001013762-25-002130 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001213900-26-018858 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001213900-23-013299 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001013762-25-002130 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001213900-26-018858 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001213900-23-013299 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0001013762-25-002130 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-12-31 · accession 0001213900-26-018858 (CashAndCashEquivalentsAtCarryingValue)