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No institutional (13F) filings cover this company, so the Overview and 13F tabs are thin. Everything drawn from its SEC filings is here.
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How management deployed cash over 6 years — and what it earned on reinvestment.
A reinvestment story — most cash went back into growth rather than to shareholders.
Operating income fell despite reinvestment — a warning on capital productivity. Current ROIC on all capital: 293%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 6 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
No dividend to cover. Last year: $0 dividends + $0 buybacks = $0 returned on -$43K FCF.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2026
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | $18K 100.0% | $21K 100.0% | $4K 100.0% | — | — | — |
| Cost of Revenue | $4K 23.2% | $9K 42.0% | $1K 33.5% | — | — | — |
| Gross Profit | $14K 76.8% | $12K 58.0% | $3K 66.5% | — | — | — |
| Selling, General & Admin | $24K 136.6% | $35K 171.9% | $50K 1245.9% | $34K | — | — |
| Total Operating Expenses | $72K 402.7% | $168K 818.8% | $164K 4121.9% | $139K | $140K | $47K |
| Operating Income | -$58K -325.9% | -$156K -760.8% | -$162K -4055.5% | -$139K | -$140K | -$47K |
| Pretax Income | -$60K -335.0% | -$160K -779.1% | -$164K -4100.1% | -$144K | -$142K | -$46K |
| Income Tax Expense | $0 0.0% | $0 0.0% | — | — | — | — |
| Net Income | -$60K -335.0% | -$160K -779.1% | -$164K -4100.1% | -$144K | -$142K | -$46K |
| Per Share | ||||||
| EPS (Basic) | -$0.00 | -$0.01 | — | — | — | — |
| EPS (Diluted) | -$0.00 | -$0.01 | — | — | — | — |
| Weighted Avg Shares (Basic) | 16.4M | 15.7M | — | — | — | — |
| Weighted Avg Shares (Diluted) | 16.4M | 15.7M | — | — | — | — |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Solve the discounted cash flow backwards, then stress-test the assumptions.
This company doesn't have positive free cash flow on any basis, so a reverse DCF can't be run.
How much the company owes, how it's trended, and how comfortably it's serviced.
Insufficient EBITDA/debt history.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest expense isn't separately reported — often netted into “other income (expense), net.”
Cash vs short-term debt unavailable.
Short-term / long-term split not separately reported.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.
EOD close · as of 2026-10-29
Where each multiple sits in its own 3-yr range · 67th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 3-yr history.
Is the profit real, and how strong is the balance sheet?
FY2026 · every deduction from revenue to net income
DuPont — the three levers
ROE 293% against ROIC 293% — 0% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is -631.3% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
High operating leverage: profit moved 4.9× as fast as sales — great in an upturn, painful in a downturn.
Each line as % of revenue — the trend in color
| % of revenue | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Cost of Revenue | — | — | — | 33.5 | 42.0 | 23.2 |
| Gross Profit | — | — | — | 66.5 | 58.0 | 76.8 |
| SG&A | — | — | — | 1245.9 | 171.9 | 136.6 |
| Operating Income | — | — | — | -4055.5 | -760.8 | -325.9 |
| Income Tax | — | — | — | — | 0.0 | 0.0 |
| Net Income | — | — | — | -4100.1 | -779.1 | -335.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on LSEB: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Cash conversion and accruals. The full answer — share-based compensation, the cash conversion waterfall, working-capital trend — is still being built, so this block states what it measures rather than issuing a verdict.
One year is not a trend. The spec asks for a 3- and 5-year average of FCF/net income precisely because a single year turns on working-capital timing, and that arrives with the full Q2 block.