MeritValue

GPO Plus, Inc.

GPOXdata completeness 88%9 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$826,7311$1.16M2$653,5163$4.36M4$4.74M4
Net income−$757,3285−$29.6M6−$4.04M7−$4.94M8−$4.34M8
Operating cash flow−$269,5549−$414,62310−$1.34M11−$1.38M12−$1.04M12
Capital expenditure$5,71913$013$014$59,50315$67,87415
Free cash flow (derived)−$275,2739−$414,62310−$1.34M11−$1.44M12−$1.11M12
Total debt—————
Cash & equivalents$12,40716$2,87717$55,49618$69,41519$336,24919
Diluted shares9.7M31.4M39.5M43.2M58.0M

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
−$1.26
your share of equity
Profit it earned you last year
−$0.75
Free cash flow it threw off
−$0.19
Debt you’d be carrying
—

10 shares is a claim on −$1.26 of net worth that earned you −$0.75 and generated −$0.19 of cash 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
+500% shares · 5y

Share count is up 500% 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
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
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/A · period ending 2021-04-30 · accession 0001640334-22-001979 (Revenues)
  2. 10-K · period ending 2022-04-30 · accession 0001640334-23-001660 (Revenues)
  3. 10-K · period ending 2023-04-30 · accession 0001640334-24-001319 (Revenues)
  4. 10-K · period ending 2024-04-30 · accession 0001640334-25-001674 (Revenues)
  5. 10-K/A · period ending 2021-04-30 · accession 0001640334-22-001979 (NetIncomeLoss)
  6. 10-K · period ending 2022-04-30 · accession 0001640334-23-001660 (NetIncomeLoss)
  7. 10-K · period ending 2023-04-30 · accession 0001640334-24-001319 (NetIncomeLoss)
  8. 10-K · period ending 2024-04-30 · accession 0001640334-25-001674 (NetIncomeLoss)
  9. 10-K/A · period ending 2021-04-30 · accession 0001640334-22-001979 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-04-30 · accession 0001640334-23-001660 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-04-30 · accession 0001640334-24-001319 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-04-30 · accession 0001640334-25-001674 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K/A · period ending 2021-04-30 · accession 0001640334-22-001979 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2023-04-30 · accession 0001640334-24-001319 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2024-04-30 · accession 0001640334-25-001674 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K/A · period ending 2021-04-30 · accession 0001640334-22-001979 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2022-04-30 · accession 0001640334-23-001660 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2023-04-30 · accession 0001640334-24-001319 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2024-04-30 · accession 0001640334-25-001674 (CashAndCashEquivalentsAtCarryingValue)