Green Stream Holdings Inc.

GSFIdata completeness 75%3 fiscal years on file

Data notes: no data for concept 'cash'; no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'pretaxIncome'

The thesis, from the filings

Green Stream Holdings Inc. earns about -1453% on equity, but has diluted owners by 490% over 3 years — worth asking whether the growth reaches owners. 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

Figure	FY 2019	FY 2020	FY 2021
Revenue	$0¹	$0²	$0²
Net income	−$112,714³	−$256,348⁴	−$8.96M⁴
Operating cash flow	−$66,762⁵	−$192,980⁶	−$3.78M⁶
Capital expenditure	$0⁷	$0⁸	$265,021⁸
Free cash flow (derived)	−$66,762⁵	−$192,980⁶	−$4.04M⁶
Total debt	—	—	—
Cash & equivalents	—	—	—
Diluted shares	25.8M	26.7M	152.5M

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

Net assets behind them

$0.01

your share of equity

Profit it earned you last year

−$0.59

Free cash flow it threw off

−$0.27

Debt you’d be carrying

—

10 shares is a claim on $0.01 of net worth that earned you −$0.59 and generated −$0.27 of cash last year.

iii. Is this a good business?

Moat signal · return on equity

-1453% avg · 3y

FY19 -11%FY20 -49%FY21 -4299%

It earned an average -1453% on equity over 3 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →

Management signal · capital allocation

+490% shares · 3y

Share count is up 490% over 3 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

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

10-K/A · period ending 2019-04-30 · accession 0001683168-20-003399 (Revenues)
10-K/A · period ending 2020-04-30 · accession 0001683168-21-004126 (Revenues)
10-K/A · period ending 2019-04-30 · accession 0001683168-20-003399 (NetIncomeLoss)
10-K/A · period ending 2020-04-30 · accession 0001683168-21-004126 (NetIncomeLoss)
10-K/A · period ending 2019-04-30 · accession 0001683168-20-003399 (NetCashProvidedByUsedInOperatingActivities)
10-K/A · period ending 2020-04-30 · accession 0001683168-21-004126 (NetCashProvidedByUsedInOperatingActivities)
10-K/A · period ending 2019-04-30 · accession 0001683168-20-003399 (PaymentsToAcquirePropertyPlantAndEquipment)
10-K/A · period ending 2020-04-30 · accession 0001683168-21-004126 (PaymentsToAcquirePropertyPlantAndEquipment)