MeritValue

GHST World Inc.

GHSTdata completeness 75%6 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'depreciationAmortization'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue——$3,0781$40,9162$60,4692
Net income−$151,3663−$3.99M4−$116,5745−$511,2846−$182,8486
Operating cash flow−$143,9307−$163,0288−$93,3079−$164,55110−$163,70110
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$011$011$39,49512$18,30212$2,51812
Diluted shares4.8M54.0M125.0M129.1M130.2M

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
−$0.04
your share of equity
Profit it earned you last year
−$0.01
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.04 of net worth that earned you −$0.01 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
+2635% shares · 5y

Share count is up 2635% 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 v0.5.0
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 2023-06-30 · accession 0001079973-24-001394 (Revenues)
  2. 10-K · period ending 2024-06-30 · accession 0001079973-25-001605 (Revenues)
  3. 10-K · period ending 2021-06-30 · accession 0001553350-22-000798 (NetIncomeLoss)
  4. 10-K · period ending 2022-06-30 · accession 0001553350-23-000446 (NetIncomeLoss)
  5. 10-K · period ending 2023-06-30 · accession 0001079973-24-001394 (NetIncomeLoss)
  6. 10-K · period ending 2024-06-30 · accession 0001079973-25-001605 (NetIncomeLoss)
  7. 10-K · period ending 2021-06-30 · accession 0001553350-22-000798 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-06-30 · accession 0001553350-23-000446 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-06-30 · accession 0001079973-24-001394 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2024-06-30 · accession 0001079973-25-001605 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2021-06-30 · accession 0001553350-22-000798 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2023-06-30 · accession 0001079973-25-001605 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)