MeritValue

Hoyne Bancorp, Inc.

HYNEdata completeness 88%2 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

Hoyne Bancorp, Inc. earns about 10% on invested capital, with a roughly flat share count. 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
FigureFY 2024FY 2025
Revenue$16.8M1$20.4M1
Net income−$1.96M2$232,6902
Operating cash flow−$2.77M3$1.25M3
Capital expenditure$978,3474$1.04M4
Free cash flow (derived)−$3.75M3$201,9863
Total debt——
Cash & equivalents$15.3M5$47.6M5
Diluted shares—7.5M

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
$216.56
your share of equity
Profit it earned you last year
$0.31
Free cash flow it threw off
$0.27
Debt you’d be carrying
—

10 shares is a claim on $216.56 of net worth that earned you $0.31 and generated $0.27 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
10% avg · 2y
FY24 8%FY25 12%

It earned an average 10% on invested capital over 2 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−0% shares · 2y

Share count is roughly flat over 2 years — little dilution, little buyback.

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 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
only 2 years of net income (need ≥3)
Graham Number
$3.82
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2024-12-31 · accession 0001104659-26-035156 (InterestAndDividendIncomeOperating)
  2. 10-K · period ending 2024-12-31 · accession 0001104659-26-035156 (NetIncomeLoss)
  3. 10-K · period ending 2024-12-31 · accession 0001104659-26-035156 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K · period ending 2024-12-31 · accession 0001104659-26-035156 (PaymentsToAcquirePropertyPlantAndEquipment)
  5. 10-K · period ending 2024-12-31 · accession 0001104659-26-035156 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)