Buy Like Buffett
Watchlist

DYNARESOURCE, INC.

DYNR · Materials · $18.5M mkt cap · FY2025 filings · No moat ·

Doesn't clear the bar

No moat
Share / Embed this score
Embed this score

The five investor questions

55

2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $35.9M to $58.5M, increasing; diluted EPS 0.47 to 0.13, decreasing.

0

Median gross margin 13.3% over 2y, variable.

12

Median ROIC -66.7%, above the 12% hurdle in 33% of years.

37

Net debt/EBITDA n/ax, interest coverage 6x.

56

Owner earnings changed +11.0%/yr over up to the ten most recent annual observations.

Price vs. value if growth stopped today

A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.

Above value if growth stopped todayBelow value if growth stopped today
56% below value if growth stopped today
$3.8M
$1.45
$1.45
$0.63
56% below value if growth stopped today

A discount this large is often a warning rather than a bargain — the market may expect earnings to keep falling. See the revenue trend above.

How to read this

What today’s price assumes: owner earnings shrinking ~15%/yr over 5 years. The estimate assumes owner earnings stay flat (0% growth).

We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.

This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.

Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.

18 years of fundamentals

The business, in plain English

DYNARESOURCE, INC. booked $58.5M of revenue in FY2025 in the Materials sector and kept 29.6% of it as gross profit — a moderate-margin business by that measure. After every other cost, 6.5% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $305652 (FY2010) to $58.5M (FY2025) — about 41.9% a year compounded over 15 years.

ROIC is not available for the latest filed year, FY2025. Across the full 11-year measurable filed record, median ROIC was −49.2%. Over the v3 recent window (6 measurable filed years), median ROIC was −66.7%. The Returns on Capital filter above scores it 12/100.

DYNR's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Capital Allocation is the strongest of the five filters (56/100) and Pricing Power the weakest (0/100), which is how DYNR lands at 32/100 — a None moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.

FY2006–FY2025 · 18 fiscal years, normalized from DYNR’s SEC filings

Sales, as filed$58.5M FY2025
$0$25M$50M2006201420202025
Revenue kept after cost of goods29.6% FY2025
−1000%−500%0%2006201420202025
Standard ROIC or separately labeled Operating ROICROIC −602.3% FY2024

Not meaningful FY2015: invested capital is negative (cash exceeds debt + equity). Not meaningful FY2019–2021: invested capital is negative (cash exceeds debt + equity)

−500%0%2006201420202025
Cash an owner could take out$3.8M FY2025
−$10M$0$10M2006201420202025

The explained ROIC gaps have filed inputs but no meaningful positive invested-capital denominator. Other gaps mean the item is not in the filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.

Flagship explainer

How DYNARESOURCE, INC. makes its money

DYNARESOURCE, INC.'s filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:

Table alternative
Filed lineValue% of revenueSource
$58.5M100%
$17.3M30%
$9.7M17%
Income before tax$9.2M16%
Income tax$5.4M9%
$3.8M7%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What DYNARESOURCE, INC. owns — and owes

DYNARESOURCE, INC.'s filing tags don't support a full breakdown — here's what is filed:

Table alternative
Filed lineValue% of assetsSource
Total assets$57.6M100%
Cash and equivalents$00%
Stockholders’ equity−$1.1M−2%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set

Flagship explainer

What drives DYNARESOURCE, INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity−4118%Tax burden42%net income ÷ pretax incomeInterest burden95%pretax ÷ operating incomeOperating margin17%operating income ÷ revenueAsset turnover1.22×revenue ÷ average assetsEquity multiplier-518.46×average assets ÷ average equityAs of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$3.8MFY2025
Income before tax$9.2MFY2025
Operating income$9.7MFY2025
$58.5MFY2025
Ending assets$57.6MFY2025
Beginning assets$38.5MFY2024
−$1.1MFY2025
$909552FY2024
Source:
  • SEC filingFiling detailsAccession 0001193125-26-138286
· event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set
Embed this chart

Flagship explainer

Where DYNARESOURCE, INC.'s cash went

DYNARESOURCE, INC.’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:

Table alternative
Filed lineValue% of cash from operationsSource
Cash from operations$5.8M100%
Depreciation and amortization$99592017%
Source: · event Dec 31, 2025 · retrieved Jul 26, 2026 · annual-row source set

Curated 19-manager tier

Who reported holding DYNARESOURCE, INC.

Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.

0 holding0 exited0 not holding0/19 resolved19 unavailable

Named manager positions and quarter-over-quarter changes
ManagerReported positionQuarter-over-quarterFiling accession
Abrams CapitalUnavailableComparison unavailableFiling unavailable
Akre CapitalUnavailableComparison unavailableFiling unavailable
Baupost GroupUnavailableComparison unavailableFiling unavailable
Berkshire HathawayUnavailableComparison unavailableFiling unavailable
Brave Warrior AdvisorsUnavailableComparison unavailableFiling unavailable
Dodge & CoxUnavailableComparison unavailableFiling unavailable
First EagleUnavailableComparison unavailableFiling unavailable
FundsmithUnavailableComparison unavailableFiling unavailable
Gardner Russo & QuinnUnavailableComparison unavailableFiling unavailable
Gates Foundation TrustUnavailableComparison unavailableFiling unavailable
Mairs & PowerUnavailableComparison unavailableFiling unavailable
Markel / Markel-GaynerUnavailableComparison unavailableFiling unavailable
Oakmark / Harris AssociatesUnavailableComparison unavailableFiling unavailable
Pershing SquareUnavailableComparison unavailableFiling unavailable
Polen CapitalUnavailableComparison unavailableFiling unavailable
Sequoia / Ruane CunniffUnavailableComparison unavailableFiling unavailable
Southeastern Asset ManagementUnavailableComparison unavailableFiling unavailable
Tweedy, BrowneUnavailableComparison unavailableFiling unavailable
Yacktman Asset ManagementUnavailableComparison unavailableFiling unavailable

Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.

Source: Filing source unavailable · event Jun 30, 2026 · retrieved Jul 26, 2026

Flagship explainer

What DYNARESOURCE, INC. insiders reported

Insider activity is unavailable from the source; no zero-activity claim is shown.

Unavailable: Form 4 activity could not be retrieved for this rendering.

Moat Score history

15 logged readings since Jul 17, 2026 · append-only, never rewritten

Moat Score over timeLast scored reading of each day, on the 0–100 scale32.1 / 100
0406080100WideNarrowShallowNo moatJul 17, 2026Jul 26, 2026

Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.

Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars

  1. Normalizer upgraded unstamped (version unknown)moat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
  2. Methodology upgraded moat-index@2.0.0moat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
  3. Methodology upgraded moat-index@1.2.0moat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026

Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.

Insider activity

Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”

These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.

The insider-filing service is temporarily unavailable, so no partial or guessed answer is shown for DYNR.

Materials context

#213 of 309 scored Materials companies, ranked by Moat Score.

Nearest peers by Moat Score

  1. #211MLKN MillerKnoll, Inc.32.4No moat
  2. #212BLGO BIOLARGO, INC.32.3No moat
  3. #214CLF CLEVELAND-CLIFFS INC.32.0No moat
  4. #215CITR CitroTech Inc.31.6No moat

Compare DYNR with its nearest peers →All Materials companies on the Index →

Common questions about DYNR

Does DYNARESOURCE, INC. have an economic moat?
Based on its FY2025 SEC filings, the Moat Index scores DYNARESOURCE, INC. (DYNR) 32.1 out of 100 — below the Shallow-moat bar, so no moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 55, pricing power 0, returns on capital 12, balance-sheet safety 37, capital allocation 56.
Is DYNR trading below the conservative owner-earnings estimate?
The value if growth stopped today — a zero-growth baseline — is $1.45 per share. It capitalizes normalized owner earnings at a 9% rate and assumes 0% growth. Versus a recent price of $0.63, that is 56% below value if growth stopped today. The model also publishes a capped-growth comparison, but the zero-growth estimate is the cautious baseline. It assumes trailing owner earnings persist and is unreliable for declining businesses. This is an educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
How has DYNR's Moat Score changed over time?
The record logs 15 readings since Jul 17, 2026; the latest reads 32.1 out of 100 (no moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.

Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell DYNR. See the disclaimer.