Worldwide NFT Inc.

WNFTdata completeness 38%5 fiscal years on file

Data notes: no data for concept 'revenue'; no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'

The thesis, from the filings

Worldwide NFT Inc. earns about -18% on equity, but has diluted owners by 4574% over 5 years — worth asking whether the growth reaches owners. 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

Figure	FY 2011	FY 2012	FY 2021	FY 2022	FY 2023
Revenue	—	—	—	—	—
Net income	−$4,416¹	−$28,677¹	−$6,866²	−$20.1M³	−$97,605³
Operating cash flow	−$4,416⁴	−$26,194⁴	—	−$50,000⁵	—
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	$24,759⁶	$1,565⁶	—	—	—
Diluted shares	11.4M	11.4M	681.8M	635.3M	534.8M

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

Net assets behind them

−$0.01

your share of equity

Profit it earned you last year

−$0

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.01 of net worth that earned you −$0 last year.

iii. Is this a good business?

Moat signal · return on equity

-18% avg · 5y

FY11 -18%FY12 —FY21 —FY22 —FY23 —

It earned an average -18% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →

Management signal · capital allocation

+4574% shares · 5y

Share count is up 4574% over 5 years — owners have been diluted. Worth asking what they got for it.

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

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

10-K · period ending 2011-06-30 · accession 0001165527-12-001029 (NetIncomeLoss)
10-K/A · period ending 2021-06-30 · accession 0001493152-22-027843 (NetIncomeLoss)
10-K · period ending 2022-06-30 · accession 0001493152-23-034901 (NetIncomeLoss)
10-K · period ending 2011-06-30 · accession 0001165527-12-001029 (NetCashProvidedByUsedInOperatingActivitiesContinuingOperations)
10-K · period ending 2022-06-30 · accession 0001493152-23-034901 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2011-06-30 · accession 0001165527-12-001029 (CashAndCashEquivalentsAtCarryingValue)