MeritValue

Hartford Creative Group, Inc.

HFUSdata completeness 88%17 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

Hartford Creative Group, Inc. earns about 367% on equity, and has bought back 75% of its shares over 5 years. The applicable estimate puts fair value near $0.16 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 2021FY 2022FY 2023FY 2024FY 2025
Revenue$553,4591$561,2621—$13.6M2$38.8M2
Net income−$2.25M3−$1.58M4$396,9035$1.09M6$1.1M6
Operating cash flow−$2.38M7−$860,8328−$123,3639$859,01610−$13,09410
Capital expenditure$168,28711$145,04811——$31912
Free cash flow (derived)−$2.55M7−$1.01M8——−$13,41310
Total debt—————
Cash & equivalents$12,73913$15,22714$5,79314$310,76315$57,06515
Diluted shares99.8M100.1M100.1M25.0M25.0M

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
$0.12
your share of equity
Profit it earned you last year
$0.44
Free cash flow it threw off
−$0.01
Debt you’d be carrying
—

10 shares is a claim on $0.12 of net worth that earned you $0.44 and generated −$0.01 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
367% avg · 5y
FY21 —FY22 —FY23 —FY24 —FY25 367%

It earned an average 367% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−75% shares · 5y

Share count is down 75% over 5 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
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
$0.16
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$396,903
  • growthAssumed0.0%
Graham Number
$0.1
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K/A · period ending 2021-07-31 · accession 0001493152-23-020868 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2024-07-31 · accession 0001493152-25-018158 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K/A · period ending 2021-07-31 · accession 0001493152-23-020868 (NetIncomeLoss)
  4. 10-K · period ending 2022-07-31 · accession 0001493152-23-038652 (NetIncomeLoss)
  5. 10-K · period ending 2023-07-31 · accession 0001493152-24-042877 (NetIncomeLoss)
  6. 10-K · period ending 2024-07-31 · accession 0001493152-25-018158 (NetIncomeLoss)
  7. 10-K/A · period ending 2021-07-31 · accession 0001493152-23-020868 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-07-31 · accession 0001493152-23-038652 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-07-31 · accession 0001493152-24-042877 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2024-07-31 · accession 0001493152-25-018158 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K/A · period ending 2021-07-31 · accession 0001493152-23-020868 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2025-07-31 · accession 0001493152-25-018158 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K/A · period ending 2021-07-31 · accession 0001493152-23-020868 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2022-07-31 · accession 0001493152-24-042877 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2024-07-31 · accession 0001493152-25-018158 (CashAndCashEquivalentsAtCarryingValue)