MeritValue

LIBERTY STAR URANIUM & METALS CORP.

LBSRdata completeness 75%22 fiscal years on file
i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025FY 2026
Revenue—————
Net income−$438,6811$565,5952−$4.08M3$2.12M4−$1.24M4
Operating cash flow−$511,4485−$540,6026−$1.39M7−$1.02M8−$780,3898
Capital expenditure—$5009$50010$50011$50012
Free cash flow (derived)—−$541,1026−$1.39M7−$1.02M8−$780,8898
Total debt$67,18413$29,67714———
Cash & equivalents$102,74115$32,61616$72,09917$20,96218$276,95918
Diluted shares10.6M15.6M31.0M55.3M71.3M

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
−$0.06
your share of equity
Profit it earned you last year
−$0.17
Free cash flow it threw off
−$0.11
Debt you’d be carrying
—

10 shares is a claim on −$0.06 of net worth that earned you −$0.17 and generated −$0.11 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
+570% shares · 5y

Share count is up 570% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has fallen 56% — deleveraging.

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
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 2022-01-31 · accession 0001493152-23-017610 (NetIncomeLoss)
  2. 10-K · period ending 2023-01-31 · accession 0001493152-24-019985 (NetIncomeLoss)
  3. 10-K · period ending 2024-01-31 · accession 0001641172-25-008127 (NetIncomeLoss)
  4. 10-K · period ending 2025-01-31 · accession 0001493152-26-019103 (NetIncomeLoss)
  5. 10-K · period ending 2022-01-31 · accession 0001493152-23-017610 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2023-01-31 · accession 0001493152-24-019985 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2024-01-31 · accession 0001641172-25-008127 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2025-01-31 · accession 0001493152-26-019103 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-01-31 · accession 0001493152-23-017610 (PaymentsToAcquireProductiveAssets)
  10. 10-K · period ending 2024-01-31 · accession 0001493152-24-019985 (PaymentsToAcquireProductiveAssets)
  11. 10-K · period ending 2025-01-31 · accession 0001641172-25-008127 (PaymentsToAcquireProductiveAssets)
  12. 10-K · period ending 2026-01-31 · accession 0001493152-26-019103 (PaymentsToAcquireProductiveAssets)
  13. 10-K · period ending 2022-01-31 · accession 0001493152-22-014226 (LongTermDebtNoncurrent)
  14. 10-K · period ending 2023-01-31 · accession 0001493152-23-017610 (DebtCurrent)
  15. 10-K · period ending 2022-01-31 · accession 0001493152-23-017610 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2023-01-31 · accession 0001493152-24-019985 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2024-01-31 · accession 0001641172-25-008127 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2025-01-31 · accession 0001493152-26-019103 (CashAndCashEquivalentsAtCarryingValue)