MeritValue

GMEX Robotics Corp

GMEXdata completeness 75%4 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

GMEX Robotics Corp earns about -27% on invested capital, and has bought back 82% of its shares over 4 years. 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 2022FY 2023FY 2024FY 2025
Revenue$8.16M1$4.8M2$4.47M3$5.2M3
Net income$12,6024−$1.59M5−$9.31M6−$682,7246
Operating cash flow−$131,7817−$373,1048−$12.3M9−$1.02M9
Capital expenditure$51,74110———
Free cash flow (derived)−$183,5227———
Total debt————
Cash & equivalents$716,05211$236,82112$939,01413$2.89M13
Diluted shares7.0M7.7M876,2661.3M

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
$71.95
your share of equity
Profit it earned you last year
−$5.34
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $71.95 of net worth that earned you −$5.34 last year.

iii. Is this a good business?
Moat signal · return on invested capital
-27% avg · 4y
FY22 8%FY23 -20%FY24 -93%FY25 -4%

It earned an average -27% on invested capital over 4 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−82% shares · 4y

Share count is down 82% over 4 years — management has been buying back stock, quietly handing owners a bigger slice.

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 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 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. 20-F · period ending 2022-06-30 · accession 0001493152-23-038742 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 20-F · period ending 2023-06-30 · accession 0001493152-24-046303 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 20-F · period ending 2024-06-30 · accession 0001493152-25-023553 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 20-F · period ending 2022-06-30 · accession 0001493152-23-038742 (NetIncomeLoss)
  5. 20-F · period ending 2023-06-30 · accession 0001493152-24-046303 (NetIncomeLoss)
  6. 20-F · period ending 2024-06-30 · accession 0001493152-25-023553 (NetIncomeLoss)
  7. 20-F · period ending 2022-06-30 · accession 0001493152-23-038742 (NetCashProvidedByUsedInOperatingActivities)
  8. 20-F · period ending 2023-06-30 · accession 0001493152-24-046303 (NetCashProvidedByUsedInOperatingActivities)
  9. 20-F · period ending 2024-06-30 · accession 0001493152-25-023553 (NetCashProvidedByUsedInOperatingActivities)
  10. 20-F · period ending 2022-06-30 · accession 0001493152-23-038742 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 20-F · period ending 2022-06-30 · accession 0001493152-23-038742 (CashAndCashEquivalentsAtCarryingValue)
  12. 20-F · period ending 2023-06-30 · accession 0001493152-24-046303 (CashAndCashEquivalentsAtCarryingValue)
  13. 20-F · period ending 2024-06-30 · accession 0001493152-25-023553 (CashAndCashEquivalentsAtCarryingValue)