Chanson International Holding
CHSNdata completeness 100%6 fiscal years on fileChanson International Holding earns about 33% on invested capital, far above its ~9% cost of capital, and has bought back 40% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $0.36 and $1.41 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $14.7M1 | $13.3M1 | $17.3M1 | $18.2M2 | $18.3M2 |
| Net income | $506,7693 | −$1.29M4 | $33,5885 | $756,2855 | $187,5405 |
| Operating cash flow | $1.78M6 | $551,3487 | −$2.95M8 | $3.54M8 | $2.86M8 |
| Capital expenditure | $2.04M9 | $860,03410 | $773,96411 | $583,31311 | $2.4M11 |
| Free cash flow (derived) | −$259,8086 | −$308,6867 | −$3.73M8 | $2.95M8 | $468,5938 |
| Total debt | $1.56M12 | $434,95912 | $2.68M13 | $1.51M14 | $10.1M15 |
| Cash & equivalents | $3.9M16 | $2.92M16 | $1.48M17 | $12.1M18 | $8.64M18 |
| Diluted shares | 9.0M | 9.0M | 144,217 | 205,296 | 5.4M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $104.69 of net worth that earned you $0.35 and generated $0.87 of cash last year, against $18.8 of debt.
It earned about 33% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is down 40% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has risen 547% over the same window.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $0.36 and $1.41 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$468,593
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$468,593
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$187,540
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $0.98 |
| Base | 5.0% | $1.28 |
| Bull | 10.0% | $1.64 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 5.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 20-F · period ending 2021-12-31 · accession 0001213900-24-037819 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-045625 (Revenues)
- 20-F · period ending 2021-12-31 · accession 0001213900-24-037819 (NetIncomeLoss)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-028989 (NetIncomeLoss)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-045625 (NetIncomeLoss)
- 20-F · period ending 2021-12-31 · accession 0001213900-24-037819 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-028989 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-045625 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2021-12-31 · accession 0001213900-24-037819 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-028989 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-045625 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2021-12-31 · accession 0001213900-23-034610 (ShortTermBorrowings)
- 20-F · period ending 2023-12-31 · accession 0001213900-25-028989 (ShortTermBorrowings)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-045625 (ShortTermBorrowings)
- 20-F · period ending 2025-12-31 · accession 0001213900-26-045625 (LongTermDebtNoncurrent)
- 20-F · period ending 2021-12-31 · accession 0001213900-23-034610 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2023-12-31 · accession 0001213900-25-028989 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-045625 (CashAndCashEquivalentsAtCarryingValue)