Invesco CurrencyShares Swiss Franc Trust
FXFdata completeness 63%17 fiscal years on fileData notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'stockholdersEquity'; no data for concept 'pretaxIncome'
i. The business — what you’d actually own
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $01 | $02 | $318,7833 | $458,6444 | $04 |
| Net income | −$3.12M5 | −$2.26M6 | −$453,2457 | −$158,2118 | −$1.69M8 |
| Operating cash flow | −$3.15M9 | −$2.43M10 | −$544,80611 | −$101,83412 | −$1.54M12 |
| Capital expenditure | — | — | — | — | — |
| Free cash flow (derived) | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $247.4M13 | $217M14 | $190.3M15 | $142.2M15 | $396.6M15 |
| Diluted shares | 2.7M | 2.5M | 1.9M | 1.5M | 3.2M |
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
—
your share of equity
Profit it earned you last year
−$5.28
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares of this business that earned you −$5.28 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.
seeing a moat in the numbers →Management signal · capital allocation
+18% shares · 5y
Share count is up 18% over 5 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
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 2021-12-31 · accession 0001564590-23-002368 (Revenues)
- 10-K · period ending 2022-12-31 · accession 0000950170-24-019055 (Revenues)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-027267 (Revenues)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-083569 (Revenues)
- 10-K · period ending 2021-12-31 · accession 0001564590-23-002368 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0000950170-24-019055 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-027267 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-083569 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001564590-23-002368 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0000950170-24-019055 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-027267 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-083569 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0000950170-24-019055 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 10-K · period ending 2022-12-31 · accession 0000950170-25-027267 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 10-K · period ending 2023-12-31 · accession 0001193125-26-083569 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)