MeritValue

Franklin Templeton Holdings Trust

FGDLdata completeness 50%3 fiscal years on file
The thesis, from the filings

Franklin Templeton Holdings Trust earns about 28% on equity. 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 2024FY 2025FY 2026
Revenue———
Net income$6.13M1$34.6M2$132.1M2
Operating cash flow$03$04$04
Capital expenditure———
Free cash flow (derived)———
Total debt———
Cash & equivalents$05$05$05
Diluted shares———

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.

iii. Is this a good business?
Moat signal · return on equity
28% avg · 3y
FY24 13%FY25 25%FY26 45%

It earned an average 28% on equity over 3 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 3y

Not enough history to read capital allocation.

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 v0.6.0
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
business development company / RIC — reported earnings are dominated by unrealised marks on private holdings, and a RIC must distribute ~90% of income so it cannot retain earnings to compound. Capitalising them would be meaningless, not merely imprecise. Price/NAV is the applicable lens.
Graham Number
not applicable
business development company / RIC — reported earnings are dominated by unrealised marks on private holdings, and a RIC must distribute ~90% of income so it cannot retain earnings to compound. Capitalising them would be meaningless, not merely imprecise. Price/NAV is the applicable lens.

Different models answer different questions — which to trust when →

Beyond this page

This page is free, and so is every other company on MeritValue.

In your AI assistant

Connect the MeritValue MCP server to Claude or another MCP client, ask about Franklin Templeton Holdings Trust, and get these exact figures with their filing receipts — not an improvised DCF.

Get a free key →
Screen by model

Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.

See pricing →
On iPhone

Follow FGDL and keep your own price beside the value. The same engine, with the same receipts.

MeritValue on the App Store →
Sources — the receipts
  1. 10-K filed 2025-06-30 · period ending 2024-03-31 · accession 0001140361-25-024063 (NetIncomeLoss)
  2. 10-K filed 2026-06-29 · periods ending 2025-03-31, 2026-03-31 · accession 0001140361-26-026742 (NetIncomeLoss)
  3. 10-K filed 2025-06-30 · period ending 2024-03-31 · accession 0001140361-25-024063 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K filed 2026-06-29 · periods ending 2025-03-31, 2026-03-31 · accession 0001140361-26-026742 (NetCashProvidedByUsedInOperatingActivities)
  5. 10-K filed 2026-06-29 · periods ending 2024-03-31, 2025-03-31, 2026-03-31 · accession 0001140361-26-026742 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)