MeritValue

SunocoCorp LLC

SUNCdata completeness 88%3 fiscal years on file

Data notes: no data for concept 'stockholdersEquity'; 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 'pretaxIncome'

i. The business — what you’d actually own
FigureFY 2023FY 2024FY 2025
Revenue$23.1B1$22.7B1$25.2B1
Net income$02$02−$5M2
Operating cash flow$600M3$549M3$1.19B3
Capital expenditure$215M4$344M4$577M4
Free cash flow (derived)$385M3$205M3$615M3
Total debt—$7.48B5$13.4B5
Cash & equivalents—$94M6$891M6
Diluted shares——51.5M

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
—
your share of equity
Profit it earned you last year
−$0.97
Free cash flow it threw off
$119.38
Debt you’d be carrying
$2,595.64

10 shares of this business that earned you −$0.97 and generated $119.38 of cash last year, against $2,595.64 of debt.

iii. Is this a good business?
Moat signal · return on equity
— avg · 3y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−0% shares · 3y

Share count is roughly flat over 3 years — little dilution, little buyback. Total debt has risen 79% 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 v0.5.0
DCF · Growth Exit 10Y
not applicable
negative equity value — refusing to publish per-share figure
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth5.0%
  • fcfBase$385M
DCF · Growth Exit 5Y
not applicable
negative equity value — refusing to publish per-share figure
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth5.0%
  • fcfBase$385M
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 2023-12-31 · accession 0002089661-26-000016 (Revenues)
  2. 10-K · period ending 2023-12-31 · accession 0002089661-26-000016 (NetIncomeLoss)
  3. 10-K · period ending 2023-12-31 · accession 0002089661-26-000016 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K · period ending 2023-12-31 · accession 0002089661-26-000016 (PaymentsForCapitalImprovements)
  5. 10-K · period ending 2024-12-31 · accession 0002089661-26-000016 (LongTermDebt)
  6. 10-K · period ending 2024-12-31 · accession 0002089661-26-000016 (CashAndCashEquivalentsAtCarryingValue)