MeritValue

Premier Air Charter Holdings Inc.

PREMdata completeness 100%13 fiscal years on file

Data notes: no data for concept 'pretaxIncome'

The thesis, from the filings

Premier Air Charter Holdings Inc. earns about -8043% on equity, but has diluted owners by 1046% over 5 years — worth asking whether the growth reaches owners. 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 2022FY 2023FY 2024FY 2024FY 2025
Revenue———$20.8M1$31.9M1
Net income−$2.47M2−$1.75M3−$398,8853−$2.19M4−$3.87M4
Operating cash flow−$396,2385−$142,0206−$117,0996$3.09M7$1.15M7
Capital expenditure———$1.49M8$2.55M8
Free cash flow (derived)———$1.6M7−$1.4M7
Total debt———$3.84M9$4.52M9
Cash & equivalents$20,91710$28,89711$4,29811$225,22812$213,17512
Diluted shares23.8M24.7M30.2M237.9M272.3M

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
$0.15
your share of equity
Profit it earned you last year
−$0.14
Free cash flow it threw off
−$0.05
Debt you’d be carrying
$0.17

10 shares is a claim on $0.15 of net worth that earned you −$0.14 and generated −$0.05 of cash last year, against $0.17 of debt.

iii. Is this a good business?
Moat signal · return on equity
-8043% avg · 5y
FY22 -15989%FY23 —FY24 —FY24 —FY25 -97%

It earned an average -8043% 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
+1046% shares · 5y

Share count is up 1046% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has risen 18% 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
only 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
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 2024-12-31 · accession 0001683168-26-003005 (Revenues)
  2. 10-K · period ending 2022-03-31 · accession 0001554795-23-000209 (NetIncomeLoss)
  3. 10-K · period ending 2023-03-31 · accession 0001554795-24-000164 (NetIncomeLoss)
  4. 10-K · period ending 2024-12-31 · accession 0001683168-26-003005 (NetIncomeLoss)
  5. 10-K · period ending 2022-03-31 · accession 0001554795-23-000209 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2023-03-31 · accession 0001554795-24-000164 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2024-12-31 · accession 0001683168-26-003005 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2024-12-31 · accession 0001683168-26-003005 (PaymentsToAcquirePropertyPlantAndEquipment)
  9. 10-K · period ending 2024-12-31 · accession 0001683168-26-003005 (LongTermDebtNoncurrent)
  10. 10-K · period ending 2022-03-31 · accession 0001554795-23-000209 (CashAndCashEquivalentsAtCarryingValue)
  11. 10-K · period ending 2023-03-31 · accession 0001554795-24-000164 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2024-12-31 · accession 0001683168-26-003005 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)