MeritValue

ADM ENDEAVORS, INC.

ADMQdata completeness 75%15 fiscal years on file
The thesis, from the filings

ADM ENDEAVORS, INC. earns about 13% on invested capital, with a roughly flat share count. The applicable estimate puts fair value near $0.02 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$6.56M1$5.62M2$5.19M3$5.76M4$5.62M4
Net income$737,3485$149,7526$137,4687$324,3118$486,2598
Operating cash flow$498,5459$545,92910$316,11611$284,25612$381,13612
Capital expenditure$143,08613$639,72614$317,36915$2.3M16$3.57M16
Free cash flow (derived)$355,4599−$93,79710−$1,25311−$2.01M12−$3.18M12
Total debt$311,65817————
Cash & equivalents$418,41318$234,23518———
Diluted shares187.2M180.5M155.6M184.5M184.5M

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
$0.2
your share of equity
Profit it earned you last year
$0.03
Free cash flow it threw off
−$0.17
Debt you’d be carrying
—

10 shares is a claim on $0.2 of net worth that earned you $0.03 and generated −$0.17 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
13% avg · 5y
FY21 33%FY22 5%FY23 4%FY24 10%FY25 13%

It earned an average 13% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−1% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback. Total debt has held roughly steady.

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 v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
Earnings Power Value
$0.02
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$324,311
  • growthAssumed0.0%
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 2021-12-31 · accession 0001493152-23-009398 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001493152-24-014869 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001641172-25-001794 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2024-12-31 · accession 0001493152-26-014297 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2021-12-31 · accession 0001493152-23-009398 (NetIncomeLoss)
  6. 10-K · period ending 2022-12-31 · accession 0001493152-24-014869 (NetIncomeLoss)
  7. 10-K · period ending 2023-12-31 · accession 0001641172-25-001794 (NetIncomeLoss)
  8. 10-K · period ending 2024-12-31 · accession 0001493152-26-014297 (NetIncomeLoss)
  9. 10-K · period ending 2021-12-31 · accession 0001493152-23-009398 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-12-31 · accession 0001493152-24-014869 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-12-31 · accession 0001641172-25-001794 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-12-31 · accession 0001493152-26-014297 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2021-12-31 · accession 0001493152-23-009398 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-12-31 · accession 0001493152-24-014869 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2023-12-31 · accession 0001641172-25-001794 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2024-12-31 · accession 0001493152-26-014297 (PaymentsToAcquirePropertyPlantAndEquipment)
  17. 10-K · period ending 2021-12-31 · accession 0001493152-22-006820 (LongTermDebt)
  18. 10-K · period ending 2021-12-31 · accession 0001493152-23-009398 (CashAndCashEquivalentsAtCarryingValue)