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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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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 $1.4M 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.
How management deployed cash over 2 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: 9%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 2 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
EOD close · as of 2026-10-29
How a revenue dollar becomes profit — FY2025
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 | FY2025 | FY2024 |
|---|---|---|
| Revenue | $16.8M 100.0% | $103.8M 100.0% |
| Cost of Revenue | $9.8M 58.1% | $61.4M 59.2% |
| Gross Profit | $7.1M 41.9% | $42.4M 40.8% |
| Selling, General & Admin | $2.1M 12.4% | $6.8M 6.5% |
| Operating Income | $754K 4.5% | $8.3M 8.0% |
| Interest Expense | $32K 0.2% | $317K 0.3% |
| Interest & Investment Income | $50K 0.3% | $32K 0.0% |
| Other Income (Expense), net | $134K 0.8% | $276K 0.3% |
| Pretax Income | $887K 5.3% | $8.5M 8.2% |
| Income Tax Expense | $209K 1.2% | $2.1M 2.1% |
| Net Income | $678K 4.0% | $6.4M 6.2% |
| Per Share | ||
| EPS (Basic) | $0.35 | $3.41 |
| EPS (Diluted) | $0.35 | $3.41 |
| Weighted Avg Shares (Basic) | 1.9M | 1.9M |
| Weighted Avg Shares (Diluted) | 1.9M | 1.9M |
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.
EOD close · as of 2026-10-29
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 10% against ROIC 9% — 1% 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 17.2% — 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
Profit and sales moved in opposite directions this year.
Each line as % of revenue — the trend in color
| % of revenue | FY2024 | FY2025 |
|---|---|---|
| Cost of Revenue | 59.2 | 58.1 |
| Gross Profit | 40.8 | 41.9 |
| SG&A | 6.5 | 12.4 |
| Operating Income | 8.0 | 4.5 |
| Income Tax | 2.1 | 1.2 |
| Net Income | 6.2 | 4.0 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on CRE: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 2 positive fiscal years (FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
A reverse DCF cannot be solved for CRE: its net cash ($6.0M) exceeds its market value, so enterprise value is negative. Discounting a positive cash-flow stream always gives a positive number, so no growth rate reaches that target. This is common for banks, brokers and payment companies, where customer balances sit in the cash line and are not the company's to spend.
Default is 8.7% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 0.00B shares (market data) · net debt -$6.0M
Today's price is outside this grid at every discount rate shown — the assumptions it requires lie beyond the plotted range, which is itself the finding.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~3.1% on $1.0M of debt.
Cash of $7.0M fully covers short-term debt of $1.0M.
Mostly short-term debt (balance-sheet current vs non-current split). A year-by-year maturity schedule wasn't disclosed for this issuer.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Educational — not a recommendation.
Ranked against 14 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-09-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NWS | $17.3B | 31.2× | 12.3× | 1.9× | 6.8% | — | 6.3% | 6.7% | 5.4% | -0.1× | 78 |
| NYT | $11.2B | 33.2× | 21.2× | 4.0× | 9.2% | — | 12.2% | 16.9% | 16.9% | -0.5× | 152 |
| MH | $2.7B | 73.0× | 7.8× | 1.3× | 0.1% | 80.9% | 1.7% | 4.9% | 1.1% | 3.6× | 14 |
| WLY | $2.6B | 12.4× | 7.7× | 1.6× | -0.1% | 74.3% | 13.2% | 26.1% | 14.5% | 1.4× | 58 |
| CMPR | $1.5B | 15.9× | 8.8× | 0.4× | 9.8% | 46.3% | 2.6% | -19.4% | 8.6% | 4.2× | 35 |
| WBTN | $1.3B | — | — | 0.9× | 2.5% | 23.3% | -25.0% | -29.6% | -29.6% | — | 20 |
| DLX | $1.1B | 12.7× | 6.6× | 0.5× | 0.5% | 53.0% | 3.8% | 12.1% | 3.9% | 3.8× | 49 |
| TDAY | $909M | — | 12.8× | 0.4× | -8.3% | 38.7% | 0.1% | 1.1% | 0.2% | 6.3× | 36 |
| DJCO | $866M | 7.7× | 86.4× | 9.9× | 25.4% | — | — | 28.7% | 28.7% | -2.1× | 21 |
| SCHL | $722M | 16.8× | 10.6× | 0.5× | -2.7% | 56.4% | 3.6% | 7.6% | 6.9% | -1.0× | 28 |
| EBF | $551M | 13.1× | 8.4× | 1.4× | -0.6% | 30.7% | 10.9% | 13.8% | 13.8% | -0.6× | 33 |
| ACCO | $402M | 9.9× | 10.4× | 0.3× | -8.5% | 32.8% | 2.7% | 6.2% | 2.8% | 7.0× | 36 |
| QUAD | $396M | 14.3× | 4.1× | 0.2× | -9.4% | 21.6% | 1.1% | 21.0% | 5.4% | 1.8× | 21 |
| PMTS | $304M | 21.0× | 7.4× | 0.6× | 13.1% | 31.3% | 2.8% | -86.3% | 5.6% | 3.4× | 15 |
| CRE | $5M | 7.3× | — | 0.3× | 25.9% | 41.9% | 4.0% | 10.3% | 8.9% | -7.5× | — |
Peers = companies sharing CRE's sector (Commercial Printing) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Earns 7.76pts above its cost of capital, without much margin of safety.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2024 | 48.0% | 12.0% | 36.0pts |
| FY2025 | 16.5% | 7.9% | 8.6pts |
| Now | 8.9% | 8.7% | 0.2pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2024 | 40.8% | 8.0% | 6.2% |
| FY2025 | 41.9% | 4.5% | 4.0% |
Return on equity (10%) and return on invested capital (9%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
The spread has been narrowing over the last three years.
Fewer than three profitable years with a cash flow statement, so cash conversion cannot be judged.
No material counter-signal in the checked set: FCF / net income over 3 and 5 years, Sloan accruals, SBC as a share of revenue, SBC as a share of operating cash flow, SBC-adjusted free cash flow, free cash flow per diluted share, buybacks against SBC issued, capex vs depreciation, free cash flow against revenue, share count since the first year on file, cash conversion cycle (DSO, DIO, DPO), receivables growth against revenue growth.
Missing from our data, so excluded from this answer: 3 years of cash flow.
Covers interest 16.4x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 23.37x |
| 5% | 22.20x |
| 10% | 21.03x |
| 15% | 19.87x |
| 20% | 18.70x |
| 25% | 17.53x |
| 30% | 16.36x |
| 35% | 15.19x |
| 40% | 14.02x |
| 45% | 12.85x |
| 50% | 11.69x |
| 55% | 10.52x |
| 60% | 9.35x |
Balance sheet at 2025-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $2,634,970 of the $3,673,247 total — a fixed obligation that does not appear in a headline debt figure.
At $2.56, free cash flow must compound -34.86%/yr for 10 years. It has no positive compounding record to compare against.
The implied rate has been matched or beaten in 1 of the last 1 years.