MeritValue

Laredo Oil, Inc.

LRDCdata completeness 75%15 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 2021FY 2022FY 2023FY 2024FY 2025
Revenue$95,3731$667,6082$02$36,4823$9,4233
Net income−$368,2364−$895,8475−$7.89M6−$2.87M7−$3.18M7
Operating cash flow−$1.23M8−$1.2M9−$1.71M10−$632,54211−$1.65M11
Capital expenditure—$58,22412$30312——
Free cash flow (derived)—−$1.26M9−$1.71M10——
Total debt—————
Cash & equivalents$1.2M13$109,18314$13,75415$127,12616$83,29416
Diluted shares54.5M54.5M66.2M72.0M74.8M

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
−$1.68
your share of equity
Profit it earned you last year
−$0.43
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$1.68 of net worth that earned you −$0.43 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
+37% shares · 5y

Share count is up 37% 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
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
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 2021-05-31 · accession 0001199835-22-000539 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K · period ending 2022-05-31 · accession 0001199835-23-000476 (RevenueFromContractWithCustomerIncludingAssessedTax)
  3. 10-K · period ending 2024-05-31 · accession 0001199835-25-000313 (Revenues)
  4. 10-K · period ending 2021-05-31 · accession 0001199835-22-000539 (NetIncomeLoss)
  5. 10-K · period ending 2022-05-31 · accession 0001199835-23-000476 (NetIncomeLoss)
  6. 10-K/A · period ending 2023-05-31 · accession 0001199835-24-000442 (NetIncomeLoss)
  7. 10-K · period ending 2024-05-31 · accession 0001199835-25-000313 (NetIncomeLoss)
  8. 10-K · period ending 2021-05-31 · accession 0001199835-22-000539 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-05-31 · accession 0001199835-23-000476 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2023-05-31 · accession 0001199835-24-000442 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-05-31 · accession 0001199835-25-000313 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2022-05-31 · accession 0001199835-23-000476 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-05-31 · accession 0001199835-21-000571 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K/A · period ending 2022-05-31 · accession 0001199835-24-000442 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  15. 10-K/A · period ending 2023-05-31 · accession 0001199835-24-000442 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2024-05-31 · accession 0001199835-25-000313 (CashAndCashEquivalentsAtCarryingValue)