MIAMI BREEZE CAR CARE INC

MIBEdata completeness 75%3 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

The thesis, from the filings

MIAMI BREEZE CAR CARE INC earns about -320% on equity, and has bought back 11% of its shares over 3 years. 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

Figure	FY 2022	FY 2023	FY 2024
Revenue	$12,439¹	$16,850²	$7,580²
Net income	−$1.6M³	−$850,912⁴	−$428,064⁴
Operating cash flow	−$511,926⁵	−$387,840⁶	−$183,746⁶
Capital expenditure	—	—	—
Free cash flow (derived)	—	—	—
Total debt	—	—	—
Cash & equivalents	$462,729⁷	$74,889⁷	$3,743⁷
Diluted shares	33.4M	33.5M	29.9M

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

Net assets behind them

−$0.05

your share of equity

Profit it earned you last year

−$0.14

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.05 of net worth that earned you −$0.14 last year.

iii. Is this a good business?

Moat signal · return on equity

-320% avg · 3y

FY22 -156%FY23 -483%FY24 —

It earned an average -320% on equity over 3 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →

Management signal · capital allocation

−11% shares · 3y

Share count is down 11% over 3 years — management has been buying back stock, quietly handing owners a bigger slice.

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 0 years of FCF (need ≥3) — model not applicable

DCF · Growth Exit 5Y

not applicable

only 0 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

10-K · period ending 2022-12-31 · accession 0001520138-24-000172 (Revenues)
10-K · period ending 2023-12-31 · accession 0001520138-25-000100 (Revenues)
10-K · period ending 2022-12-31 · accession 0001520138-24-000172 (NetIncomeLoss)
10-K · period ending 2023-12-31 · accession 0001520138-25-000100 (NetIncomeLoss)
10-K · period ending 2022-12-31 · accession 0001520138-24-000172 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2023-12-31 · accession 0001520138-25-000100 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2022-12-31 · accession 0001520138-25-000100 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)