GBT Technologies Inc.
GTCHdata completeness 63%16 fiscal years on fileData notes: no data for concept 'totalDebt'
The thesis, from the filings
The applicable estimate puts fair value near $0 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
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $180,0001 | $90,0002 | — | — | — |
| Net income | −$33.9M3 | $6.35M4 | $20.7M5 | $20.7M6 | −$718,2925 |
| Operating cash flow | −$1.37M7 | −$231,8748 | −$51,3419 | $27,14210 | $47010 |
| Capital expenditure | — | — | — | — | — |
| Free cash flow (derived) | — | — | — | — | — |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $155,10611 | $93,58112 | $52913 | $12513 | $59513 |
| Diluted shares | 20.0M | 4.65B | 589.34B | 589.34B | 653.86B |
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
your share of equity
Profit it earned you last year
−$0
Free cash flow it threw off
—
Debt you’d be carrying
—
10 shares is a claim on −$0 of net worth that earned you −$0 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
+3270587% shares · 5y
Share count is up 3270587% 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
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
$0
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$6.35M
- growthAssumed0.0%
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 2021-12-31 · accession 0001731122-23-000664 (Revenues)
- 10-K/A · period ending 2022-12-31 · accession 0001731122-24-001280 (Revenues)
- 10-K/A · period ending 2021-12-31 · accession 0001731122-23-000664 (NetIncomeLoss)
- 10-K/A · period ending 2022-12-31 · accession 0001731122-24-001280 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001731122-26-000573 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001731122-25-000487 (NetIncomeLoss)
- 10-K/A · period ending 2021-12-31 · accession 0001731122-23-000664 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2022-12-31 · accession 0001731122-24-001280 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001731122-25-000487 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001731122-26-000573 (NetCashProvidedByUsedInOperatingActivities)
- 10-K/A · period ending 2021-12-31 · accession 0001731122-24-001280 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 10-K/A · period ending 2022-12-31 · accession 0001731122-23-000664 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0001731122-26-000573 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)