Table Trac INC

TBTC · Communications · $20.5M mkt cap · FY2025 filings · Wide moat

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Wide moat

The four filters

Pricing power97

Median gross margin 71.2% over 10y, very stable.

Returns on capital82

Median ROIC 17.5%, above the 9% hurdle in 80% of years.

Balance-sheet safety100

Net cash position — no leverage risk.

Capital discipline74

Owner earnings +29.0%/yr, share count growing (dilution).

Margin of safety

Above valueOn sale

13% above value

Owner earnings (normalized): $1.6M
Est. intrinsic value / share: $3.91
Recent price: $4.41
Discount to value: 13% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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