MeritValue

My City Builders, Inc.

MYCBdata completeness 88%14 fiscal years on file
The thesis, from the filings

My City Builders, Inc. earns about -3719% on equity, and has bought back 81% of its shares over 5 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
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$01—$49,1872$03$03
Net income−$103,7954−$23,2385−$2.02M6$25,8647−$498,3157
Operating cash flow−$3608—−$257,3389−$483,06410−$504,58410
Capital expenditure——$884,27611$012$89,86712
Free cash flow (derived)——−$1.14M9−$483,06410−$594,45110
Total debt$500,00013——$1.38M14—
Cash & equivalents—$71815$151,71816$20,24516$11,82916
Diluted shares73.4M595,986592,7446.7M14.2M

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
your share of equity
Profit it earned you last year
−$0.35
Free cash flow it threw off
−$0.42
Debt you’d be carrying
—

10 shares is a claim on $0 of net worth that earned you −$0.35 and generated −$0.42 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
-3719% avg · 5y
FY21 —FY22 -8%FY23 —FY24 2%FY25 -11150%

It earned an average -3719% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−81% shares · 5y

Share count is down 81% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has risen 175% over the same window.

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 2021-07-31 · accession 0001640334-21-002660 (Revenues)
  2. 10-K · period ending 2023-07-31 · accession 0001640334-24-001595 (Revenues)
  3. 10-K · period ending 2024-07-31 · accession 0001640334-25-002067 (Revenues)
  4. 10-K · period ending 2021-07-31 · accession 0001640334-21-002660 (NetIncomeLoss)
  5. 10-K · period ending 2022-07-31 · accession 0001640334-23-002133 (NetIncomeLoss)
  6. 10-K · period ending 2023-07-31 · accession 0001640334-24-001595 (NetIncomeLoss)
  7. 10-K · period ending 2024-07-31 · accession 0001640334-25-002067 (NetIncomeLoss)
  8. 10-K · period ending 2021-07-31 · accession 0001640334-21-002660 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-07-31 · accession 0001640334-24-001595 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2024-07-31 · accession 0001640334-25-002067 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-07-31 · accession 0001640334-24-001595 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2024-07-31 · accession 0001640334-25-002067 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-07-31 · accession 0001640334-21-002660 (LongTermDebt)
  14. 10-K · period ending 2024-07-31 · accession 0001640334-24-001595 (LongTermDebt)
  15. 10-K · period ending 2022-07-31 · accession 0001640334-24-001595 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  16. 10-K · period ending 2023-07-31 · accession 0001640334-25-002067 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)