MeritValue

Quest Water Global, Inc.

QWTRdata completeness 50%10 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'

i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue—$150,0001———
Net income−$459,2702−$319,8673−$1.19M4−$596,0135−$757,6115
Operating cash flow−$535,7316−$528,4417−$561,5828−$579,8279−$567,5099
Capital expenditure——$1,50010——
Free cash flow (derived)——−$563,0828——
Total debt—————
Cash & equivalents$4,71511$4,22712—$313—
Diluted shares85.2M85.2M105.9M131.9M131.9M

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
−$0.18
your share of equity
Profit it earned you last year
−$0.06
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.18 of net worth that earned you −$0.06 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
+55% shares · 5y

Share count is up 55% 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
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 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 2021-12-31 · accession 0001493152-22-010091 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2020-12-31 · accession 0001493152-22-010091 (NetIncomeLoss)
  3. 10-K · period ending 2021-12-31 · accession 0001493152-23-017485 (NetIncomeLoss)
  4. 10-K · period ending 2022-12-31 · accession 0001493152-24-014872 (NetIncomeLoss)
  5. 10-K · period ending 2023-12-31 · accession 0001641172-25-003648 (NetIncomeLoss)
  6. 10-K · period ending 2020-12-31 · accession 0001493152-22-010091 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2021-12-31 · accession 0001493152-23-017485 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0001493152-24-014872 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-31 · accession 0001641172-25-003648 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001493152-24-014872 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2020-12-31 · accession 0001493152-22-010091 (CashAndCashEquivalentsAtCarryingValue)
  12. 10-K · period ending 2021-12-31 · accession 0001493152-23-017485 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2023-12-31 · accession 0001493152-24-014872 (CashAndCashEquivalentsAtCarryingValue)