MeritValue

ENTREPRENEUR UNIVERSE BRIGHT GROUP

EUBGdata completeness 88%6 fiscal years on file
The thesis, from the filings

ENTREPRENEUR UNIVERSE BRIGHT GROUP earns about 17% on equity, comfortably above its ~9% cost of capital, and has bought back 90% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $0.09 and $0.26 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$5.64M1$3.51M2$6.24M2$5.27M3$5.68M3
Net income$1.09M4$404,6185$2.28M6$1.49M7$1.91M7
Operating cash flow$451,6638−$138,8949$2.33M10$1.36M11$2.52M11
Capital expenditure—$9,70412$1,83813—$117,42314
Free cash flow (derived)—−$148,5989$2.32M10—$2.4M11
Total debt—————
Cash & equivalents$7.65M15$7.19M16$9.32M17$8.49M18$11M18
Diluted shares1.70B1.70B1.70B170.1M170.1M

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
$0.61
your share of equity
Profit it earned you last year
$0.11
Free cash flow it threw off
$0.14
Debt you’d be carrying
—

10 shares is a claim on $0.61 of net worth that earned you $0.11 and generated $0.14 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
17% avg · 5y
FY21 16%FY22 6%FY23 25%FY24 18%FY25 18%

It earned about 17% on equity against a ~9% cost of capital — comfortably above the cost of funding, a moderate advantage.

seeing a moat in the numbers →
Management signal · capital allocation
−90% shares · 5y

Share count is down 90% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

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

The 3 estimate methods that apply put fair value between $0.09 and $0.26 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.

DCF · Growth Exit 10Y
$0.25
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$2.32M
DCF · Growth Exit 5Y
$0.26
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$2.32M
Earnings Power Value
$0.09
assumptions (8)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$1.49M
  • growthAssumed0.0%
Graham Number
$0.12
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

v. The price question — last, on purpose
Is today’s price fair?
See live price ↗
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.93%
Terminal growth2.5%
At your growth, a share is worth $0.26
The three cases
Bear0.0%$0.26
Base0.0%$0.26
Bull5.0%$0.31

Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.

Default growth 0.0%= 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.

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001213900-23-024107 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001213900-24-027301 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2024-12-31 · accession 0001213900-26-035969 (Revenues)
  4. 10-K · period ending 2021-12-31 · accession 0001213900-23-024107 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001213900-24-027301 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001013762-25-004076 (NetIncomeLoss)
  7. 10-K · period ending 2024-12-31 · accession 0001213900-26-035969 (NetIncomeLoss)
  8. 10-K · period ending 2021-12-31 · accession 0001213900-23-024107 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001213900-24-027301 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001013762-25-004076 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-12-31 · accession 0001213900-26-035969 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2022-12-31 · accession 0001213900-24-027301 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2023-12-31 · accession 0001013762-25-004076 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2025-12-31 · accession 0001213900-26-035969 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2021-12-31 · accession 0001213900-23-024107 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2022-12-31 · accession 0001213900-24-027301 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2023-12-31 · accession 0001013762-25-004076 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2024-12-31 · accession 0001213900-26-035969 (CashAndCashEquivalentsAtCarryingValue)