MeritValue

TechCom, Inc.

TCRIdata completeness 88%8 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 'depreciationAmortization'; 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 2021FY 2022FY 2023FY 2024FY 2025
Revenue$01$02$03$04$04
Net income−$90,7085−$108,0646−$77,3247−$52,4948−$53,4888
Operating cash flow$16,2009$010$011$1,29612−$35712
Capital expenditure$013$014$015$016$016
Free cash flow (derived)$16,2009$010$011$1,29612−$35712
Total debt—————
Cash & equivalents$017$018$019$1,29619$93919
Diluted shares67.4M68.0M65.0M65.0M65.0M

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
−$0.05
your share of equity
Profit it earned you last year
−$0.01
Free cash flow it threw off
−$0
Debt you’d be carrying
—

10 shares is a claim on −$0.05 of net worth that earned you −$0.01 and generated −$0 of cash 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
−4% shares · 5y

Share count is down 4% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

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
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 2021-12-31 · accession 0001683168-23-002076 (Revenues)
  2. 10-K · period ending 2022-12-31 · accession 0001683168-24-002392 (Revenues)
  3. 10-K · period ending 2023-12-31 · accession 0001683168-25-002528 (Revenues)
  4. 10-K · period ending 2024-12-31 · accession 0001683168-26-002393 (Revenues)
  5. 10-K · period ending 2021-12-31 · accession 0001683168-23-002076 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001683168-24-002392 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001683168-25-002528 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001683168-26-002393 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001683168-23-002076 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001683168-24-002392 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001683168-25-002528 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001683168-26-002393 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001683168-23-002076 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001683168-24-002392 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2023-12-31 · accession 0001683168-25-002528 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2024-12-31 · accession 0001683168-26-002393 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K · period ending 2021-12-31 · accession 0001683168-24-002392 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  18. 10-K · period ending 2022-12-31 · accession 0001683168-25-002528 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  19. 10-K · period ending 2023-12-31 · accession 0001683168-26-002393 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)