MeritValue

PANACEA LIFE SCIENCES HOLDINGS, INC.

PLSHdata completeness 88%10 fiscal years on file
The thesis, from the filings

PANACEA LIFE SCIENCES HOLDINGS, INC. earns about -47% on invested capital, and has bought back 62% 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 2019FY 2020FY 2021FY 2022FY 2023
Revenue$345,6801$9.02M2$2.06M3$1.63M4$2.38M4
Net income−$10M5−$5.23M6−$4.78M7−$9.14M8−$8.02M8
Operating cash flow−$5.75M9−$7.65M10−$3.92M11−$2.4M12−$1.52M12
Capital expenditure$541,20313$3.2M14$162,94615$243,80416$65,32216
Free cash flow (derived)−$6.29M9−$10.8M10−$4.09M11−$2.64M12−$1.59M12
Total debt$371,81217$1.03M17———
Cash & equivalents$18,40518$84,37919$19,77420$6,95121$100,92221
Diluted shares43.8M16.9M16.9M14.9M16.6M

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
−$4.99
your share of equity
Profit it earned you last year
−$4.82
Free cash flow it threw off
−$0.96
Debt you’d be carrying
—

10 shares is a claim on −$4.99 of net worth that earned you −$4.82 and generated −$0.96 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
-47% avg · 5y
FY19 -61%FY20 -38%FY21 -41%FY22 —FY23 —

It earned an average -47% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−62% shares · 5y

Share count is down 62% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has risen 178% 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/A · period ending 2019-12-31 · accession 0001654954-21-004566 (Revenues)
  2. 10-K · period ending 2020-12-31 · accession 0001493152-22-008215 (Revenues)
  3. 10-K · period ending 2021-12-31 · accession 0001493152-23-009742 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2022-12-31 · accession 0001493152-24-012107 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K/A · period ending 2019-12-31 · accession 0001654954-21-004566 (NetIncomeLoss)
  6. 10-K · period ending 2020-12-31 · accession 0001493152-22-008215 (NetIncomeLoss)
  7. 10-K · period ending 2021-12-31 · accession 0001493152-23-009742 (NetIncomeLoss)
  8. 10-K · period ending 2022-12-31 · accession 0001493152-24-012107 (NetIncomeLoss)
  9. 10-K/A · period ending 2019-12-31 · accession 0001654954-21-004566 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2020-12-31 · accession 0001493152-22-008215 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2021-12-31 · accession 0001493152-23-009742 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2022-12-31 · accession 0001493152-24-012107 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K/A · period ending 2019-12-31 · accession 0001654954-21-004566 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2020-12-31 · accession 0001493152-22-008215 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2021-12-31 · accession 0001493152-23-009742 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2022-12-31 · accession 0001493152-24-012107 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K/A · period ending 2019-12-31 · accession 0001654954-21-004566 (LongTermDebtCurrent)
  18. 10-K/A · period ending 2019-12-31 · accession 0001654954-21-004566 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2020-12-31 · accession 0001493152-22-008215 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2021-12-31 · accession 0001493152-23-009742 (CashAndCashEquivalentsAtCarryingValue)
  21. 10-K · period ending 2022-12-31 · accession 0001493152-24-012107 (CashAndCashEquivalentsAtCarryingValue)