MeritValue

One World Products, Inc.

OWPCdata completeness 63%11 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 'incomeTaxExpense'

i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue$59,5681$38,2642$125,6623$7,5894$4,8634
Net income−$7.97M5−$3.78M6−$3.06M7−$3.95M8−$3.94M8
Operating cash flow−$1.43M9−$3.73M10−$1.38M11−$1.19M12−$1.12M12
Capital expenditure$62,56713$393,12614$43,20115$5,04616—
Free cash flow (derived)−$1.49M9−$4.12M10−$1.42M11−$1.2M12—
Total debt—————
Cash & equivalents$28,92017$119,67818$11,01618——
Diluted shares53.1M60.6M66.2M73.3M107.0M

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
−$0.93
your share of equity
Profit it earned you last year
−$0.37
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.93 of net worth that earned you −$0.37 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
+102% shares · 5y

Share count is up 102% 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
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 2020-12-31 · accession 0001493152-22-009974 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2021-12-31 · accession 0001493152-23-017550 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2022-12-31 · accession 0001493152-24-021067 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2023-12-31 · accession 0001641172-25-013341 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2020-12-31 · accession 0001493152-22-009974 (NetIncomeLoss)
  6. 10-K · period ending 2021-12-31 · accession 0001493152-23-017550 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001493152-24-021067 (NetIncomeLoss)
  8. 10-K · period ending 2023-12-31 · accession 0001641172-25-013341 (NetIncomeLoss)
  9. 10-K · period ending 2020-12-31 · accession 0001493152-22-009974 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001493152-23-017550 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2022-12-31 · accession 0001493152-24-021067 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2023-12-31 · accession 0001641172-25-013341 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2020-12-31 · accession 0001493152-22-009974 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2021-12-31 · accession 0001493152-23-017550 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2022-12-31 · accession 0001493152-24-021067 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2023-12-31 · accession 0001641172-25-013341 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K · period ending 2020-12-31 · accession 0001493152-22-009974 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2021-12-31 · accession 0001493152-23-017550 (CashAndCashEquivalentsAtCarryingValue)