MeritValue

Skkynet Cloud Systems, Inc.

SKKYdata completeness 75%15 fiscal years on file

Data notes: no data for concept 'totalDebt'

The thesis, from the filings

Skkynet Cloud Systems, Inc. earns about -6% on equity, but has diluted owners by 16% over 5 years — worth asking whether the growth reaches owners. The applicable estimate puts fair value near $0.01 a share.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 2021FY 2022FY 2023FY 2024FY 2025
Revenue$1.83M1$2.16M2$2.37M3$2.56M4$2.55M4
Net income−$163,5885$32,7586−$97,8727$99,0908$35,3518
Operating cash flow−$60,9859−$36,02110$207,82211$234,63812$276,82712
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$797,80813$729,93614$916,78015$1.16M16$1.43M16
Diluted shares51.6M58.8M53.1M61.2M59.8M

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
$0.17
your share of equity
Profit it earned you last year
$0.01
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on $0.17 of net worth that earned you $0.01 last year.

iii. Is this a good business?
Moat signal · return on equity
-6% avg · 5y
FY21 -36%FY22 5%FY23 -14%FY24 11%FY25 3%

It earned an average -6% 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
+16% shares · 5y

Share count is up 16% 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 v0.1.0
DCF · Growth Exit 10Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
Earnings Power Value
$0.01
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$32,758
  • growthAssumed0.0%
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 2021-10-31 · accession 0001477932-23-000972 (Revenues)
  2. 10-K · period ending 2022-10-31 · accession 0001477932-24-000359 (Revenues)
  3. 10-K · period ending 2023-10-31 · accession 0001477932-25-000608 (Revenues)
  4. 10-K · period ending 2024-10-31 · accession 0001477932-26-000435 (Revenues)
  5. 10-K/A · period ending 2021-10-31 · accession 0001477932-23-000972 (NetIncomeLoss)
  6. 10-K · period ending 2022-10-31 · accession 0001477932-24-000359 (NetIncomeLoss)
  7. 10-K · period ending 2023-10-31 · accession 0001477932-25-000608 (NetIncomeLoss)
  8. 10-K · period ending 2024-10-31 · accession 0001477932-26-000435 (NetIncomeLoss)
  9. 10-K/A · period ending 2021-10-31 · accession 0001477932-23-000972 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-10-31 · accession 0001477932-24-000359 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-10-31 · accession 0001477932-25-000608 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-10-31 · accession 0001477932-26-000435 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K/A · period ending 2021-10-31 · accession 0001477932-23-000972 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2022-10-31 · accession 0001477932-24-000359 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2023-10-31 · accession 0001477932-25-000608 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2024-10-31 · accession 0001477932-26-000435 (CashAndCashEquivalentsAtCarryingValue)