MeritValue

High Sierra Technologies, Inc.

HSTIdata completeness 75%25 fiscal years on file

Data notes: 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'

i. The business — what you’d actually own
FigureFY 2017FY 2019FY 2020FY 2021FY 2022
Revenue$01$02$02——
Net income−$46,0743−$476,2474−$305,5115−$316,4376−$323,9526
Operating cash flow−$10,5447−$422,8538−$187,6879−$176,51910−$219,65910
Capital expenditure—$176,75011$011—$43,43512
Free cash flow (derived)—−$599,6038−$187,6879—−$263,09410
Total debt—————
Cash & equivalents$3213$5,20714$41,77014$55,35114$12,25815
Diluted shares1.7M20.3M20.2M20.4M20.5M

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
−$0.25
your share of equity
Profit it earned you last year
−$0.16
Free cash flow it threw off
−$0.13
Debt you’d be carrying
—

10 shares is a claim on −$0.25 of net worth that earned you −$0.16 and generated −$0.13 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
+1093% shares · 5y

Share count is up 1093% 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 v0.5.0
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
  1. 10-K · period ending 2017-12-31 · accession 0001010412-18-000017 (Revenues)
  2. 10-K · period ending 2019-12-31 · accession 0001548123-21-000041 (Revenues)
  3. 10-K · period ending 2017-12-31 · accession 0001010412-18-000017 (NetIncomeLoss)
  4. 10-K · period ending 2019-12-31 · accession 0001548123-21-000041 (NetIncomeLoss)
  5. 10-K · period ending 2020-12-31 · accession 0001548123-22-000015 (NetIncomeLoss)
  6. 10-K · period ending 2021-12-31 · accession 0001548123-23-000082 (NetIncomeLoss)
  7. 10-K · period ending 2017-12-31 · accession 0001010412-18-000017 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2019-12-31 · accession 0001548123-21-000041 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2020-12-31 · accession 0001548123-22-000015 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001548123-23-000082 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2019-12-31 · accession 0001548123-21-000041 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2022-12-31 · accession 0001548123-23-000082 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2017-12-31 · accession 0001010412-18-000017 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2019-12-31 · accession 0001548123-22-000015 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2022-12-31 · accession 0001548123-23-000082 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)