MeritValue

Antiaging Quantum Living Inc.

AAQLdata completeness 75%10 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'dividendsPaid'; no data for concept 'interestExpense'

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025FY 2026
Revenue$7,4001$13,6002$7,4993$817,8984$1.03M4
Net income−$43,4365−$36,6306−$412,9717−$720,4098−$837,6468
Operating cash flow−$41,1409−$38,21510−$649,41311−$900,28012−$171,02512
Capital expenditure$95013————
Free cash flow (derived)−$42,0909————
Total debt—————
Cash & equivalents$14,26914$35415$166,55216$370,54917$503,48617
Diluted shares30.0M30.0M30.0M30.0M31.5M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
Net assets behind them
−$0.21
your share of equity
Profit it earned you last year
−$0.27
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.21 of net worth that earned you −$0.27 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
+5% shares · 5y

Share count is up 5% over 5 years — owners have been diluted. Worth asking what they got for it.

reading capital allocation →

Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.

iv. What it’s worth — engine v0.5.0
DCF · Growth Exit 10Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
not applicable
diluted EPS missing or non-positive — Graham Number undefined

Different models answer different questions — which to trust when →

Sources — the receipts
  1. 10-K · period ending 2022-03-31 · accession 0001493152-23-024592 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K/A · period ending 2023-03-31 · accession 0001493152-24-020108 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2024-03-31 · accession 0001641172-25-017604 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2025-03-31 · accession 0001493152-26-033212 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2022-03-31 · accession 0001493152-23-024592 (NetIncomeLoss)
  6. 10-K/A · period ending 2023-03-31 · accession 0001493152-24-020108 (NetIncomeLoss)
  7. 10-K · period ending 2024-03-31 · accession 0001641172-25-017604 (NetIncomeLoss)
  8. 10-K · period ending 2025-03-31 · accession 0001493152-26-033212 (NetIncomeLoss)
  9. 10-K · period ending 2022-03-31 · accession 0001493152-23-024592 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2023-03-31 · accession 0001493152-24-020108 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-03-31 · accession 0001641172-25-017604 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2025-03-31 · accession 0001493152-26-033212 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2022-03-31 · accession 0001493152-23-024592 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-03-31 · accession 0001493152-23-024592 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K/A · period ending 2023-03-31 · accession 0001493152-24-020108 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2024-03-31 · accession 0001641172-25-017604 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2025-03-31 · accession 0001493152-26-033212 (CashAndCashEquivalentsAtCarryingValue)