MeritValue

VIP Play, Inc.

VIPZdata completeness 63%6 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; 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$47,1721$78,4071−$36,7892−$2.3M3−$86,4733
Net income−$51,6384−$715,9745−$11.3M6−$30.4M7−$18.9M7
Operating cash flow−$10,1828−$280,5969−$6.8M10−$11.3M11−$10.4M11
Capital expenditure—————
Free cash flow (derived)—————
Total debt———$1.13M12—
Cash & equivalents$88,56513$66,24114———
Diluted shares29.1M29.8M38.3M55.4M72.6M

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
−$4.27
your share of equity
Profit it earned you last year
−$2.6
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$4.27 of net worth that earned you −$2.6 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
+149% shares · 5y

Share count is up 149% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.

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
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
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 2021-06-30 · accession 0001393905-22-000412 (Revenues)
  2. 10-K · period ending 2023-06-30 · accession 0001493152-24-037866 (Revenues)
  3. 10-K · period ending 2024-06-30 · accession 0001493152-25-016043 (Revenues)
  4. 10-K · period ending 2021-06-30 · accession 0001393905-22-000412 (NetIncomeLoss)
  5. 10-K · period ending 2022-06-30 · accession 0001493152-24-009368 (NetIncomeLoss)
  6. 10-K · period ending 2023-06-30 · accession 0001493152-24-037866 (NetIncomeLoss)
  7. 10-K · period ending 2024-06-30 · accession 0001493152-25-016043 (NetIncomeLoss)
  8. 10-K · period ending 2021-06-30 · accession 0001393905-22-000412 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-06-30 · accession 0001493152-24-009368 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-06-30 · accession 0001493152-24-037866 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-06-30 · accession 0001493152-25-016043 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-06-30 · accession 0001493152-24-037866 (LongTermDebt)
  13. 10-K · period ending 2021-06-30 · accession 0001393905-21-000431 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2022-06-30 · accession 0001393905-22-000412 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)