MeritValue

Strategic Environmental & Energy Resources, Inc.

SENRdata completeness 100%13 fiscal years on file
i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue$2.74M1$3.48M2$4.02M3$2.9M4$4.31M4
Net income−$2.76M5$328,9006−$2.64M7−$2.37M8−$1.8M8
Operating cash flow−$1.69M9−$1.55M10−$1.02M11−$937,50012−$436,10012
Capital expenditure$131,60013$3,00014$18,40015$14,90016$22,70016
Free cash flow (derived)−$1.82M9−$1.55M10−$1.04M11−$952,40012−$458,80012
Total debt$3.77M17$6.82M18$8.24M19$10.6M20$4.69M20
Cash & equivalents$46,80021$188,80022$21,50023$57,90024$537,10024
Diluted shares64.1M65.2M65.2M65.1M65.1M

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
−$2
your share of equity
Profit it earned you last year
−$0.28
Free cash flow it threw off
−$0.07
Debt you’d be carrying
$0.72

10 shares is a claim on −$2 of net worth that earned you −$0.28 and generated −$0.07 of cash last year, against $0.72 of debt.

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
+2% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback. Total debt has risen 24% 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 · period ending 2020-12-31 · accession 0001493152-22-009983 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2021-12-31 · accession 0001493152-23-012208 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2022-12-31 · accession 0001493152-24-014808 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2023-12-31 · accession 0001641172-25-014117 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2020-12-31 · accession 0001493152-22-009983 (NetIncomeLoss)
  6. 10-K · period ending 2021-12-31 · accession 0001493152-23-012208 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001493152-24-014808 (NetIncomeLoss)
  8. 10-K · period ending 2023-12-31 · accession 0001641172-25-014117 (NetIncomeLoss)
  9. 10-K · period ending 2020-12-31 · accession 0001493152-22-009983 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001493152-23-012208 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2022-12-31 · accession 0001493152-24-014808 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2023-12-31 · accession 0001641172-25-014117 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2020-12-31 · accession 0001493152-22-009983 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2021-12-31 · accession 0001493152-23-012208 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2022-12-31 · accession 0001493152-24-014808 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2023-12-31 · accession 0001641172-25-014117 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K · period ending 2020-12-31 · accession 0001493152-21-008904 (LongTermDebt)
  18. 10-K · period ending 2021-12-31 · accession 0001493152-22-009983 (LongTermDebt)
  19. 10-K · period ending 2022-12-31 · accession 0001493152-24-014808 (LongTermDebtNoncurrent)
  20. 10-K · period ending 2023-12-31 · accession 0001641172-25-014117 (LongTermDebtNoncurrent)
  21. 10-K · period ending 2020-12-31 · accession 0001493152-22-009983 (CashAndCashEquivalentsAtCarryingValue)
  22. 10-K · period ending 2021-12-31 · accession 0001493152-23-012208 (CashAndCashEquivalentsAtCarryingValue)
  23. 10-K · period ending 2022-12-31 · accession 0001493152-24-014808 (CashAndCashEquivalentsAtCarryingValue)
  24. 10-K · period ending 2023-12-31 · accession 0001641172-25-014117 (CashAndCashEquivalentsAtCarryingValue)