MeritValue

Tego Cyber, Inc.

TGCBdata completeness 88%4 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'; no data for concept 'pretaxIncome'

The thesis, from the filings

Tego Cyber, Inc. earns about -298% on equity. The cash-flow models don't apply cleanly here — the ledger says why below.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 2020FY 2021FY 2022FY 2023
Revenue$2,3251$8,1002$1,0503$03
Net income−$77,2024−$923,1805−$3.15M6−$10.7M6
Operating cash flow−$45,6907−$578,4158−$1.62M9−$1.65M9
Capital expenditure—$010$6,57711$011
Free cash flow (derived)—−$578,4158−$1.63M9−$1.65M9
Total debt————
Cash & equivalents$81,87212$583,01512$47,74213$181,24613
Diluted shares018.3M7.0M8.4M

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
−$0.93
your share of equity
Profit it earned you last year
−$12.78
Free cash flow it threw off
−$1.96
Debt you’d be carrying
—

10 shares is a claim on −$0.93 of net worth that earned you −$12.78 and generated −$1.96 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
-298% avg · 4y
FY20 -89%FY21 -127%FY22 -679%FY23 —

It earned an average -298% on equity over 4 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 4y

Not enough history to read capital allocation.

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/A · period ending 2020-06-30 · accession 0001654954-22-005746 (Revenues)
  2. 10-K · period ending 2021-06-30 · accession 0001654954-22-015167 (Revenues)
  3. 10-K · period ending 2022-06-30 · accession 0001654954-24-000687 (RevenueFromContractWithCustomerIncludingAssessedTax)
  4. 10-K/A · period ending 2020-06-30 · accession 0001654954-22-005746 (NetIncomeLoss)
  5. 10-K · period ending 2021-06-30 · accession 0001654954-22-015167 (NetIncomeLoss)
  6. 10-K · period ending 2022-06-30 · accession 0001654954-24-000687 (NetIncomeLoss)
  7. 10-K/A · period ending 2020-06-30 · accession 0001654954-22-005746 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2021-06-30 · accession 0001654954-22-015167 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-06-30 · accession 0001654954-24-000687 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-06-30 · accession 0001654954-22-015167 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-06-30 · accession 0001654954-24-000687 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K/A · period ending 2020-06-30 · accession 0001654954-22-005746 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2022-06-30 · accession 0001654954-24-000687 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)