MeritValue

Kaya Holdings, Inc.

KAYSdata completeness 88%17 fiscal years on file

Data notes: 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'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue$1.03M1$889,8992$685,3793$196,2943$7,1344
Net income−$12.3M5$9.72M6−$3.58M7$1.61M8−$2.08M8
Operating cash flow−$289,6179−$1.04M10−$918,79911−$1.18M12−$830,82012
Capital expenditure—$11,72113——$27,13814
Free cash flow (derived)—−$1.06M10——−$857,95812
Total debt—————
Cash & equivalents$43,16215$565,97916$18,33017$29,10817$39,66818
Diluted shares13.2M14.7M22.2M203.7M257.7M

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
−$0.58
your share of equity
Profit it earned you last year
−$0.08
Free cash flow it threw off
−$0.03
Debt you’d be carrying
—

10 shares is a claim on −$0.58 of net worth that earned you −$0.08 and generated −$0.03 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
+1858% shares · 5y

Share count is up 1858% 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 2020-12-31 · accession 0001903596-22-000199 (Revenues)
  2. 10-K/A · period ending 2021-12-31 · accession 0001903596-23-000445 (Revenues)
  3. 10-K · period ending 2022-12-31 · accession 0001903596-24-000238 (Revenues)
  4. 10-K/A · period ending 2024-12-31 · accession 0001903596-25-000274 (Revenues)
  5. 10-K · period ending 2020-12-31 · accession 0001903596-22-000199 (NetIncomeLoss)
  6. 10-K/A · period ending 2021-12-31 · accession 0001903596-23-000445 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001903596-24-000238 (NetIncomeLoss)
  8. 10-K/A · period ending 2023-12-31 · accession 0001903596-25-000274 (NetIncomeLoss)
  9. 10-K · period ending 2020-12-31 · accession 0001903596-22-000199 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2021-12-31 · accession 0001903596-23-000445 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2022-12-31 · accession 0001903596-24-000238 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K/A · period ending 2023-12-31 · accession 0001903596-25-000274 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001903596-22-000199 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K/A · period ending 2024-12-31 · accession 0001903596-25-000274 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2020-12-31 · accession 0001903596-22-000199 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K/A · period ending 2021-12-31 · accession 0001903596-23-000445 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2022-12-31 · accession 0001903596-24-000238 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K/A · period ending 2024-12-31 · accession 0001903596-25-000274 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)