ORBIT INTERNATIONAL CORP earns about 1% on invested capital, below its ~10% cost of capital, and has bought back 6% of its shares over 4 years — no moat visible in the numbers. The estimate methods put fair value between $12.74 and $22.5 a share. Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2010 | FY 2011 | FY 2012 | FY 2013 |
|---|---|---|---|---|
| Revenue | $26.7M1 | $31M2 | $29.4M3 | $24.8M3 |
| Net income | −$3.03M4 | $3.15M5 | −$135,0006 | −$2.57M6 |
| Operating cash flow | $431,0007 | $1.95M8 | −$954,0009 | $3.99M9 |
| Capital expenditure | $204,00010 | $130,00011 | $373,00012 | $339,00012 |
| Free cash flow (derived) | $227,0007,10 | $1.82M8,11 | −$1.33M9,12 | $3.65M9,12 |
| Total debt | $3.96M13,14 | $3.03M15,16 | $82,00017,18,19 | $017,18 |
| Cash & equivalents | $1.96M20 | $1.71M21 | $610,00021 | $2.56M21 |
| Diluted shares | 4.7M | 4.7M | 4.6M | 4.5M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.
10 shares is a claim on $35.68 of net worth that earned you −$5.77 and generated $8.19 of cash last year, against $0 of debt.
It earned about 1% on invested capital against a ~10% cost of capital — below the cost of funding. The numbers show no moat.
seeing a moat in the numbers →Share count is down 6% over 4 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has fallen 100% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 2 estimate methods that apply put fair value between $12.74 and $22.5 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- Risk-free rate (10Y Treasury)5.24%
- Equity risk premium5.00%
- Beta (β)1.00
- Equity share of capital85.0%
- Debt spread over risk-free1.50%
- Tax rate21.0%
- Terminal growth2.50%
- Projection period10 years
- FCF growth20.0%
- Starting free cash flow$1.82M
assumptions (10)
- Risk-free rate (10Y Treasury)5.24%
- Equity risk premium5.00%
- Beta (β)1.00
- Equity share of capital85.0%
- Debt spread over risk-free1.50%
- Tax rate21.0%
- Terminal growth2.50%
- Projection period5 years
- FCF growth20.0%
- Starting free cash flow$1.82M
Different models answer different questions — which to trust when →
| Bear | 0.0% | $5.94 |
| Base | 20.0% | $12.74 |
| Bull | 20.0% | $12.74 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 20.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
This page is free, and so is every other company on MeritValue.
Connect the MeritValue MCP server to Claude or another MCP client, ask about ORBIT INTERNATIONAL CORP, and get these exact figures with their filing receipts — not an improvised DCF.
Get a free key →Pull the companies with a published value under any model (up to 500 a request, filtered by data completeness) into your own sheet or agent. Screening is what Analyst adds, at $9/month.
See pricing →Follow ORBT and keep your own price beside the value. The same engine, with the same receipts.
MeritValue on the App Store →- 10-K filed 2012-03-30 · period ending 2010-12-31 · accession 0001140361-12-018313 (SalesRevenueGoodsNet)
- 10-K filed 2013-03-29 · period ending 2011-12-31 · accession 0001140361-13-014602 (SalesRevenueGoodsNet)
- 10-K filed 2014-03-31 · periods ending 2012-12-31, 2013-12-31 · accession 0001140361-14-014769 (SalesRevenueGoodsNet)
- 10-K filed 2012-03-30 · period ending 2010-12-31 · accession 0001140361-12-018313 (NetIncomeLoss)
- 10-K filed 2013-03-29 · period ending 2011-12-31 · accession 0001140361-13-014602 (NetIncomeLoss)
- 10-K filed 2014-03-31 · periods ending 2012-12-31, 2013-12-31 · accession 0001140361-14-014769 (NetIncomeLoss)
- 10-K filed 2012-03-30 · period ending 2010-12-31 · accession 0001140361-12-018313 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2013-03-29 · period ending 2011-12-31 · accession 0001140361-13-014602 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2014-03-31 · periods ending 2012-12-31, 2013-12-31 · accession 0001140361-14-014769 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2012-03-30 · period ending 2010-12-31 · accession 0001140361-12-018313 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2013-03-29 · period ending 2011-12-31 · accession 0001140361-13-014602 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2014-03-31 · periods ending 2012-12-31, 2013-12-31 · accession 0001140361-14-014769 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2012-03-30 · period ending 2010-12-31 · accession 0001140361-12-018313 (LongTermDebtNoncurrent)
- 10-K filed 2012-03-30 · period ending 2010-12-31 · accession 0001140361-12-018313 (LongTermDebtCurrent)
- 10-K filed 2013-03-29 · period ending 2011-12-31 · accession 0001140361-13-014602 (LongTermDebtNoncurrent)
- 10-K filed 2013-03-29 · period ending 2011-12-31 · accession 0001140361-13-014602 (LongTermDebtCurrent)
- 10-K filed 2014-03-31 · periods ending 2012-12-31, 2013-12-31 · accession 0001140361-14-014769 (LongTermDebtNoncurrent)
- 10-K filed 2014-03-31 · periods ending 2012-12-31, 2013-12-31 · accession 0001140361-14-014769 (LongTermDebtCurrent)
- 10-K filed 2013-03-29 · period ending 2012-12-31 · accession 0001140361-13-014602 (LongTermDebt)
- 10-K filed 2013-03-29 · period ending 2010-12-31 · accession 0001140361-13-014602 (CashAndCashEquivalentsAtCarryingValue)
- 10-K filed 2014-03-31 · periods ending 2011-12-31, 2012-12-31, 2013-12-31 · accession 0001140361-14-014769 (CashAndCashEquivalentsAtCarryingValue)