MeritValue

Plum Acquisition Corp. III

PLMJFdata completeness 50%4 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'dilutedShares'; no data for concept 'sharesOutstanding'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'depreciationAmortization'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'epsDiluted'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025
Revenue$4.07M1$10.7M2$1.91M2—
Net income$9.06M3$10.4M4−$2.56M5−$7.2M5
Operating cash flow−$1.4M6−$1.56M7−$929,1698−$893,3288
Capital expenditure————
Free cash flow (derived)————
Total debt————
Cash & equivalents$726,8699—$27,41810$49,87010
Diluted shares————

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

iii. Is this a good business?
Moat signal · return on equity
— avg · 4y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 4y

Not enough history to read capital allocation.

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 —

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2022-12-31 · accession 0001213900-24-057365 (InterestAndDividendIncomeOperating)
  2. 10-K · period ending 2023-12-31 · accession 0001013762-25-004252 (InterestAndDividendIncomeOperating)
  3. 10-K · period ending 2022-12-31 · accession 0001213900-24-057365 (NetIncomeLoss)
  4. 10-K · period ending 2023-12-31 · accession 0001013762-25-004252 (NetIncomeLoss)
  5. 10-K · period ending 2024-12-31 · accession 0001213900-26-038648 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001213900-24-057365 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2023-12-31 · accession 0001013762-25-004252 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2024-12-31 · accession 0001213900-26-038648 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001013762-25-004252 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  10. 10-K · period ending 2024-12-31 · accession 0001213900-26-038648 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)