Gamehaus Holdings Inc.

GMHSdata completeness 88%5 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

Gamehaus Holdings Inc. earns about 42% on invested capital, far above its ~9% cost of capital, but has diluted owners by 2888% over 5 years — a real edge showing up in the numbers. The estimate methods put fair value between $0.76 and $1.21 a share.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 2023FY 2024FY 2025
Revenue$168.2M1$145.2M1$118M1
Net income−$5,7002$3.79M3$1.5M2$8.25M3$3.96M3
Operating cash flow$2.47M4$4.46M4$2.22M4
Capital expenditure$15,3445$104,6415$37,6195
Free cash flow (derived)$2.46M4$4.36M4$2.18M4
Total debt
Cash & equivalents$16M6$18.8M6$15.2M6
Diluted shares1.7M50.0M2.0M50.0M51.5M

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
$6.45
your share of equity
Profit it earned you last year
$0.77
Free cash flow it threw off
$0.42
Debt you’d be carrying

10 shares is a claim on $6.45 of net worth that earned you $0.77 and generated $0.42 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
42% avg · 5y
FY22 FY23 43%FY23 FY24 59%FY25 24%

It earned about 42% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.

seeing a moat in the numbers →
Management signal · capital allocation
+2888% shares · 5y

Share count is up 2888% 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

The 3 estimate methods that apply put fair value between $0.76 and $1.21 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.

DCF · Growth Exit 10Y
$1.21
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth5.0%
  • fcfBase$2.46M
DCF · Growth Exit 5Y
$1.14
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth5.0%
  • fcfBase$2.46M
Earnings Power Value
$0.76
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$3.79M
  • growthAssumed0.0%
Graham Number
$1.08
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

v. The price question — last, on purpose
Is today’s price fair?
See live price ↗
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years5.0%
Discount rate (WACC)8.93%
Terminal growth2.5%
At your growth, a share is worth $1.14
The three cases
Bear0.0%$0.98
Base5.0%$1.14
Bull10.0%$1.34

Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.

Default growth 5.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.

Sources — the receipts
  1. 20-F · period ending 2023-06-30 · accession 0001493152-25-019002 (Revenues)
  2. 20-F · period ending 2022-12-31 · accession 0001829126-25-000565 (ProfitLoss)
  3. 20-F · period ending 2023-06-30 · accession 0001493152-25-019002 (NetIncomeLoss)
  4. 20-F · period ending 2023-06-30 · accession 0001493152-25-019002 (NetCashProvidedByUsedInOperatingActivities)
  5. 20-F · period ending 2023-06-30 · accession 0001493152-25-019002 (PaymentsToAcquirePropertyPlantAndEquipment)
  6. 20-F · period ending 2023-06-30 · accession 0001493152-25-019002 (CashAndCashEquivalentsAtCarryingValue)