MeritValue

EPWK Holdings Ltd.

EPWKFdata completeness 100%3 fiscal years on file

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

i. The business — what you’d actually own
FigureFY 2023FY 2024FY 2025
Revenue$19.8M1$20.2M1$27.8M1
Net income−$1.08M2−$1.2M2−$10.4M2
Operating cash flow−$1.5M3−$1.62M3−$10.7M3
Capital expenditure$5,4274$1,2804$4,4264
Free cash flow (derived)−$1.5M3−$1.62M3−$10.7M3
Total debt——$1.72M5
Cash & equivalents$607,4496$227,8267$389,3487
Diluted shares292,683478,936519,184

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
−$2
your share of equity
Profit it earned you last year
−$201.09
Free cash flow it threw off
−$205.71
Debt you’d be carrying
$33.12

10 shares is a claim on −$2 of net worth that earned you −$201.09 and generated −$205.71 of cash last year, against $33.12 of debt.

iii. Is this a good business?
Moat signal · return on equity
— avg · 3y

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

seeing a moat in the numbers →
Management signal · capital allocation
+77% shares · 3y

Share count is up 77% over 3 years — owners have been diluted. Worth asking what they got for it. 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 v0.5.0
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. 20-F · period ending 2023-06-30 · accession 0001213900-26-004153 (Revenues)
  2. 20-F · period ending 2023-06-30 · accession 0001213900-26-004153 (NetIncomeLoss)
  3. 20-F · period ending 2023-06-30 · accession 0001213900-26-004153 (NetCashProvidedByUsedInOperatingActivities)
  4. 20-F · period ending 2023-06-30 · accession 0001213900-26-004153 (PaymentsToAcquirePropertyPlantAndEquipment)
  5. 20-F · period ending 2025-06-30 · accession 0001213900-26-004153 (LongTermDebt)
  6. 20-F · period ending 2023-06-30 · accession 0001213900-26-004153 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  7. 20-F · period ending 2024-06-30 · accession 0001213900-26-004153 (CashAndCashEquivalentsAtCarryingValue)