VisitIQ Corp. earns about 32% on invested capital, far above its ~9% cost of capital, and has bought back 90% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $34.12 and $305.45 a share. Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2010 | FY 2011 | FY 2012 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | — | — | — | $3M1 | $2.64M1 |
| Net income | $12M2 | $13.4M2 | $9.65M2 | −$8.67M3 | −$7.96M3 |
| Operating cash flow | $9.39M4 | $15.6M5 | $26.2M5 | −$4.68M6 | −$2.62M6 |
| Capital expenditure | $191,9537 | $223,1117 | $963,9977 | — | — |
| Free cash flow (derived) | $9.19M4,7 | $15.4M5,7 | $25.2M5,7 | — | — |
| Total debt | — | $15.7M8 | $11M9 | — | — |
| Cash & equivalents | $5.31M10 | $15.1M10 | $30.4M10 | $386,00211 | $107,56111 |
| Diluted shares | 28.0M | 30.0M | 30.1M | 5.5M | 2.8M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.
10 shares is a claim on −$49.46 of net worth that earned you −$28.17 last year.
It earned about 32% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is down 90% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has fallen 30% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $34.12 and $305.45 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- Risk-free rate (10Y Treasury)5.00%
- Equity risk premium5.00%
- Beta (β)1.00
- Equity share of capital85.0%
- Debt spread over risk-free1.50%
- Tax rate21.0%
- Terminal growth2.50%
- Projection period10 years
- FCF growth20.0%
- Starting free cash flow$15.4M
assumptions (10)
- Risk-free rate (10Y Treasury)5.00%
- Equity risk premium5.00%
- Beta (β)1.00
- Equity share of capital85.0%
- Debt spread over risk-free1.50%
- Tax rate21.0%
- Terminal growth2.50%
- Projection period5 years
- FCF growth20.0%
- Starting free cash flow$15.4M
assumptions (8)
- Risk-free rate (10Y Treasury)5.00%
- Equity risk premium5.00%
- Beta (β)1.00
- Equity share of capital85.0%
- Debt spread over risk-free1.50%
- Tax rate21.0%
- Normalized earnings$9.65M
- Growth assumed0.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $74.13 |
| Base | 20.0% | $168.42 |
| Bull | 20.0% | $168.42 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 20.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
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Connect the MeritValue MCP server to Claude or another MCP client, ask about VisitIQ Corp., and get these exact figures with their filing receipts — not an improvised DCF.
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See pricing →Follow VIIQ and keep your own price beside the value. The same engine, with the same receipts.
MeritValue on the App Store →- 10-K filed 2026-05-20 · periods ending 2024-08-31, 2025-08-31 · accession 0001753926-26-000917 (Revenues)
- 10-K filed 2012-11-29 · periods ending 2010-12-31, 2011-08-31, 2012-08-31 · accession 0001013762-12-002250 (NetIncomeLoss)
- 10-K filed 2026-05-20 · periods ending 2024-08-31, 2025-08-31 · accession 0001753926-26-000917 (NetIncomeLoss)
- 10-K filed 2011-11-29 · period ending 2010-12-31 · accession 0001013762-11-003209 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2012-11-29 · periods ending 2011-08-31, 2012-08-31 · accession 0001013762-12-002250 (NetCashProvidedByUsedInOperatingActivitiesContinuingOperations)
- 10-K filed 2026-05-20 · periods ending 2024-08-31, 2025-08-31 · accession 0001753926-26-000917 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2012-11-29 · periods ending 2010-12-31, 2011-08-31, 2012-08-31 · accession 0001013762-12-002250 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2012-11-29 · period ending 2011-08-31 · accession 0001013762-12-002250 (ShortTermBorrowings)
- 10-K filed 2012-11-29 · period ending 2012-08-31 · accession 0001013762-12-002250 (LongTermDebt)
- 10-K filed 2012-11-29 · periods ending 2010-12-31, 2011-08-31, 2012-08-31 · accession 0001013762-12-002250 (CashAndCashEquivalentsAtCarryingValue)
- 10-K filed 2026-05-20 · periods ending 2024-08-31, 2025-08-31 · accession 0001753926-26-000917 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)