MeritValue

CleanCore Solutions, Inc.

ZONEdata completeness 75%2 fiscal years on file

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

The thesis, from the filings

CleanCore Solutions, Inc. earns about -260% 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 2024FY 2025
Revenue$1.6M1$2.07M1
Net income−$2.28M2−$6.74M2
Operating cash flow−$1.55M3−$2.34M3
Capital expenditure$10,4384$32,3894
Free cash flow (derived)−$1.56M3−$2.37M3
Total debt——
Cash & equivalents$2.02M5$1.46M5
Diluted shares——

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

iii. Is this a good business?
Moat signal · return on equity
-260% avg · 2y
FY24 -61%FY25 -460%

It earned an average -260% on equity over 2 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
— shares · 2y

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
only 2 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 2 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
only 2 years of net income (need ≥3)
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 2024-06-30 · accession 0001213900-25-079975 (Revenues)
  2. 10-K · period ending 2024-06-30 · accession 0001213900-25-079975 (NetIncomeLoss)
  3. 10-K · period ending 2024-06-30 · accession 0001213900-25-079975 (NetCashProvidedByUsedInOperatingActivities)
  4. 10-K · period ending 2024-06-30 · accession 0001213900-25-079975 (PaymentsToAcquirePropertyPlantAndEquipment)
  5. 10-K · period ending 2024-06-30 · accession 0001213900-25-079975 (CashAndCashEquivalentsAtCarryingValue)