MeritValue

COFFEE HOLDING CO INC

JVAdata completeness 88%16 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

COFFEE HOLDING CO INC earns about -1% on invested capital, but has diluted owners by 2% over 5 years — worth asking whether the growth reaches owners. The applicable estimate puts fair value near $2.28 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$63.9M1$65.7M2$68.2M3$78.6M4$96.3M4
Net income$1.26M5−$3.74M6−$835,5767$2.22M8$1.4M8
Operating cash flow$4.71M9−$5.44M10$652,08311$5.43M12−$5.02M12
Capital expenditure$1.5M13$1.06M14$857,76015$306,93116$191,59216
Free cash flow (derived)$3.21M9−$6.5M10−$205,67711$5.12M12−$5.21M12
Total debt—————
Cash & equivalents$3.7M17$2.52M18$2.73M19$1.38M20$701,87220
Diluted shares5.6M5.7M5.7M5.7M5.7M

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
$48.31
your share of equity
Profit it earned you last year
$2.46
Free cash flow it threw off
−$9.13
Debt you’d be carrying
—

10 shares is a claim on $48.31 of net worth that earned you $2.46 and generated −$9.13 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
-1% avg · 5y
FY21 4%FY22 -19%FY23 -2%FY24 9%FY25 5%

It earned an average -1% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+2% shares · 5y

Share count is up 2% 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
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
$2.28
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$1.26M
  • growthAssumed0.0%
Graham Number
$5.21
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2021-10-31 · accession 0001493152-23-009523 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-10-31 · accession 0001493152-24-005726 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-10-31 · accession 0001493152-25-004500 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2024-10-31 · accession 0001493152-26-004052 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2021-10-31 · accession 0001493152-23-009523 (NetIncomeLoss)
  6. 10-K · period ending 2022-10-31 · accession 0001493152-24-005726 (NetIncomeLoss)
  7. 10-K · period ending 2023-10-31 · accession 0001493152-25-004500 (NetIncomeLoss)
  8. 10-K · period ending 2024-10-31 · accession 0001493152-26-004052 (NetIncomeLoss)
  9. 10-K · period ending 2021-10-31 · accession 0001493152-23-009523 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-10-31 · accession 0001493152-24-005726 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-10-31 · accession 0001493152-25-004500 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-10-31 · accession 0001493152-26-004052 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-10-31 · accession 0001493152-23-009523 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-10-31 · accession 0001493152-24-005726 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2023-10-31 · accession 0001493152-25-004500 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2024-10-31 · accession 0001493152-26-004052 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K · period ending 2021-10-31 · accession 0001493152-23-009523 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-10-31 · accession 0001493152-24-005726 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-10-31 · accession 0001493152-25-004500 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-10-31 · accession 0001493152-26-004052 (CashAndCashEquivalentsAtCarryingValue)