Currenc Group Inc.
CURRdata completeness 100%4 fiscal years on fileData notes: no data for concept 'interestExpense'
The estimate methods put fair value between $1.82 and $1.89 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenue | — | $53.3M1 | $46.4M2 | $37.8M2 |
| Net income | −$1.11M3 | −$15.3M4 | −$39.5M5 | −$18.4M5 |
| Operating cash flow | −$756,7166 | −$15.3M7 | $3.45M8 | $7.86M8 |
| Capital expenditure | — | $291,8569 | $576,67410 | $479,03410 |
| Free cash flow (derived) | — | −$15.6M7 | $2.87M8 | $7.38M8 |
| Total debt | — | $21.5M11 | $16.7M12 | $14.4M12 |
| Cash & equivalents | $271,46713 | $48.5M14 | $63.8M15 | $75.2M15 |
| Diluted shares | — | 34.0M | 38.2M | 61.5M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on −$0.92 of net worth that earned you −$3 and generated $1.2 of cash last year, against $2.35 of debt.
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Share count is up 81% over 4 years — owners have been diluted. Worth asking what they got for it. Total debt has fallen 33% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 2 estimate methods that apply put fair value between $1.82 and $1.89 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$2.87M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$2.87M
Different models answer different questions — which to trust when →
| Bear | 0.0% | $1.66 |
| Base | 5.0% | $1.82 |
| Bull | 10.0% | $2.01 |
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.
- 10-K · period ending 2023-12-31 · accession 0001641172-25-004557 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 20-F · period ending 2024-12-31 · accession 0001493152-26-020709 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-011541 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-004557 (NetIncomeLoss)
- 20-F · period ending 2024-12-31 · accession 0001493152-26-020709 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-011541 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-004557 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2024-12-31 · accession 0001493152-26-020709 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-004557 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2024-12-31 · accession 0001493152-26-020709 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-004557 (LongTermDebtNoncurrent)
- 20-F · period ending 2024-12-31 · accession 0001493152-26-020709 (LongTermDebtCurrent)
- 10-K · period ending 2022-12-31 · accession 0001493152-23-008441 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0001641172-25-004557 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2024-12-31 · accession 0001493152-26-020709 (CashAndCashEquivalentsAtCarryingValue)