Value Line Inc. Reports FY24 Results, Assets $55.8M

TL;DR

VLY FY24: Assets $55.8M, Liab $5.82M, Net Income $39.9K. Share buybacks ongoing.

AI Summary

Value Line Inc. filed its 10-K for the fiscal year ending April 30, 2024, reporting total assets of $55.8 million and total liabilities of $5.82 million. The company's net income for the period was $39,928. Value Line Inc. also disclosed details about its share repurchase programs, including a $2 million program authorized in July 2021 and another $2 million program in March 2022, as well as a $3 million program in May 2022 and another $3 million in October 2022.

Why It Matters

This filing provides a snapshot of Value Line Inc.'s financial health and operational activities for the past fiscal year, offering insights into its asset base, liabilities, and profitability.

Risk Assessment

Risk Level: low — The filing is a standard annual report with no immediate red flags or significant negative financial trends.

Key Numbers

• $55.8B — Total Assets (Represents the company's total resources as of April 30, 2024.)
• $5.82B — Total Liabilities (Indicates the company's total obligations as of April 30, 2024.)
• $39,928 — Net Income (The company's profit for the fiscal year ending April 30, 2024.)

Key Players & Entities

• Value Line Inc. (company) — Filer of the 10-K
• April 30, 2024 (date) — Fiscal year end
• $55.8 million (dollar_amount) — Total assets
• $5.82 million (dollar_amount) — Total liabilities
• $39,928 (dollar_amount) — Net income
• $2 million (dollar_amount) — Share repurchase program amount
• $3 million (dollar_amount) — Share repurchase program amount

FAQ

Key Financial Figures

• $0.10 — nge on which registered Common stock, $0.10 par value per share VALU The Nasdaq

Filing Documents

• valu20240430_10k.htm (10-K) — 1702KB
• ex_700838.htm (EX-10.12) — 21KB
• ex_700845.htm (EX-21.1) — 3KB
• ex_700844.htm (EX-31.1) — 13KB
• ex_700843.htm (EX-31.2) — 13KB
• ex_700842.htm (EX-32.1) — 5KB
• ex_700841.htm (EX-32.2) — 5KB
• ex_700839.htm (EX-99.1) — 608KB
• bbdlogo.jpg (GRAPHIC) — 13KB
• bbdsig.jpg (GRAPHIC) — 2KB
• cohensig.jpg (GRAPHIC) — 9KB
• logo.jpg (GRAPHIC) — 3KB
• 0001437749-24-023534.txt ( ) — 8111KB
• valu-20240430.xsd (EX-101.SCH) — 68KB
• valu-20240430_cal.xml (EX-101.CAL) — 63KB
• valu-20240430_def.xml (EX-101.DEF) — 433KB
• valu-20240430_lab.xml (EX-101.LAB) — 342KB
• valu-20240430_pre.xml (EX-101.PRE) — 473KB
• valu20240430_10k_htm.xml (XML) — 1084KB

Business

Business 5 Item 1A

Risk Factors

Risk Factors 15 Item 1B Unresolved Staff Comments 18 Item 2

Properties

Properties 18 Item 3

Legal Proceedings

Legal Proceedings 19 Item 4 Mine Safety Disclosures 19 PART II Item 5 Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 19 Item 6 [Reserved] Item 7

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 21 Item 7A

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 35 Item 8

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 37 Item 9 Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 38 Item 9A

Controls and Procedures

Controls and Procedures 38 Item 9B Other Information 39 PART III Item 10 Directors, Executive Officers, and Corporate Governance 40 Item 11

Executive Compensation

Executive Compensation 41 Item 12

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 42 Item 13 Certain Relationships and Related Transactions and Director Independence 42 Item 14 Principal Accounting Fees and Services 43 PART IV Item 15 Exhibits and Financial Statement Schedules 44 Value Line, the Value Line logo, The Most Trusted Name In Investment Research, "Smart research. Smarter investing", The Value Line Investment Survey, Value Line Select, Timeliness and Safety are trademarks or registered trademarks of Value Line Inc. and/or its affiliates in the United States and other countries. All other trademarks are the property of their respective owners. Cautionary Statement Regarding Forward-Looking Information In this report, "Value Line," "we," "us," "our" refers to Value Line, Inc. and "the Company" refers to Value Line and its subsidiaries unless the context otherwise requires. This report contains statements that are predictive in nature, depend upon or refer to future events or conditions (including certain projections and business trends) accompanied by such phrases as "believe", "estimate", "expect", "anticipate", "will", "intend" and other similar or negative expressions, that are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, as amended. Actual results for Value Line, Inc. ("Value Line" or "the Company") may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the following: maintaining revenue from subscriptions for the Company's digital and print published products; changes in investment trends and economic conditions, including global financial issues; changes in Federal Reserve policies affecting interest rates and liquidity along with resulting effects on equity markets; stability of the banking system, including the success of U.S. government policies and actions in regard to banks with liquidity or capital

BUSINESS

Item 1. BUSINESS. Value Line, Inc. is a New York corporation headquartered in New York City and formed in 1982. The Company's core business is producing investment periodicals and their underlying research and making available certain Value Line copyrights, Value Line trademarks and Value Line Proprietary Ranks and other proprietary information, to third parties under written agreements for use in third-party managed and marketed investment products and for other purposes. Value Line markets under well-known brands including Value Line , the Value Line logo, The Value Line Investment Survey , Smart Research, Smarter Investing and The Most Trusted Name in Investment Research . The name "Value Line" as used to describe the Company, its products, and its subsidiaries, is a registered trademark of the Company. Effective December 23, 2010, EULAV Asset Management Trust ("EAM") was established to provide investment management services to the Value Line Funds accounts and provides distribution, marketing, and administrative services to the Value Line Funds. Value Line holds substantial non-voting revenues and non-voting profits interests in EAM. The Company is the successor to substantially all of the operations of Arnold Bernhard & Co, Inc. ("AB&Co."). AB&Co. is the controlling shareholder of the Company and, as of April 30, 2024, owns 91.63% of the outstanding shares of the common stock of the Company. A. Investment Related Periodicals & Publications The investment periodicals and related publications offered by Value Line Publishing LLC ("VLP"), a wholly-owned entity of the Company, cover a broad spectrum of investments including stocks, mutual funds, ETFs and options. The Company's periodicals and related publications and services are marketed to individual and professional investors, as well as to institutions including municipal and university libraries and investment firms. The services generally fall into four categories: Comprehensive reference periodical pu

View Full Filing

View this 10-K filing on SEC EDGAR