MeritValue

All In FutureTech Alliance, Inc.

AIFAdata completeness 88%8 fiscal years on file
The thesis, from the filings

All In FutureTech Alliance, Inc. earns about -115% on invested capital, with a roughly flat share count. The cash-flow models don't apply cleanly here — the ledger says why below.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$4.2M1$4.95M2$7.66M3$9.08M4$7.98M4
Net income$62.9M5−$10.8M5−$3.44M6−$16.8M7−$32.8M7
Operating cash flow−$10.1M8−$10.9M9−$8.14M10−$9.77M11−$9.79M11
Capital expenditure$191,66812$44,38613$378,06014$82,95115$118,48215
Free cash flow (derived)−$10.3M8−$11M9−$8.52M10−$9.85M11−$9.9M11
Total debt—————
Cash & equivalents$92.9M16$11.2M17$16.3M18$59.2M19$11.8M19
Diluted shares39.0M39.1M37.2M40.4M39.6M

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
$8.78
your share of equity
Profit it earned you last year
−$8.29
Free cash flow it threw off
−$2.5
Debt you’d be carrying
—

10 shares is a claim on $8.78 of net worth that earned you −$8.29 and generated −$2.5 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
-115% avg · 5y
FY21 -205%FY22 —FY23 -4%FY24 -132%FY25 -120%

It earned an average -115% 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.

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
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 2021-12-31 · accession 0001213900-23-022824 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001213900-24-027346 (RevenueFromContractWithCustomerIncludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001213900-25-052248 (RevenueFromContractWithCustomerIncludingAssessedTax)
  4. 10-K · period ending 2024-12-31 · accession 0001171843-26-003627 (RevenueFromContractWithCustomerIncludingAssessedTax)
  5. 10-K · period ending 2021-12-31 · accession 0001213900-23-022824 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001213900-25-052248 (NetIncomeLoss)
  7. 10-K · period ending 2024-12-31 · accession 0001171843-26-003627 (NetIncomeLoss)
  8. 10-K · period ending 2021-12-31 · accession 0001213900-23-022824 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001213900-24-027346 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001213900-25-052248 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-12-31 · accession 0001171843-26-003627 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2021-12-31 · accession 0001213900-23-022824 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2022-12-31 · accession 0001213900-24-027346 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2023-12-31 · accession 0001213900-25-052248 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2024-12-31 · accession 0001171843-26-003627 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2021-12-31 · accession 0001213900-23-022824 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2022-12-31 · accession 0001213900-24-027346 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2023-12-31 · accession 0001213900-25-052248 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2024-12-31 · accession 0001171843-26-003627 (CashAndCashEquivalentsAtCarryingValue)