GIBO HOLDINGS Ltd

GIBOdata completeness 50%3 fiscal years on file

Data notes: no data for concept 'cash'; no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'

The thesis, from the filings

GIBO HOLDINGS Ltd earns about -94% on invested capital, but has diluted owners by 240671100% over 3 years — worth asking whether the growth reaches owners. 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 2023FY 2024FY 2025
Revenue$30M1
Net income−$12.1M2−$24.9M2−$231.9M2
Operating cash flow−$11.4M3$23.6M3−$121.4M3
Capital expenditure$30M4
Free cash flow (derived)−$6.39M3
Total debt
Cash & equivalents
Diluted shares112.4M

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
−$599.85
your share of equity
Profit it earned you last year
−$963.6
Free cash flow it threw off
Debt you’d be carrying

10 shares is a claim on −$599.85 of net worth that earned you −$963.6 last year.

iii. Is this a good business?
Moat signal · return on invested capital
-94% avg · 3y
FY23 -165%FY24 -23%FY25

It earned an average -94% on invested capital over 3 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+240671100% shares · 3y

Share count is up 240671100% over 3 years — owners have been diluted. Worth asking what they got for it.

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
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 years of FCF (need ≥3) — model not applicable
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 2024-12-31 · accession 0001493152-26-023628 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 20-F · period ending 2023-12-31 · accession 0001493152-26-023628 (NetIncomeLoss)
  3. 20-F · period ending 2023-12-31 · accession 0001493152-26-023628 (NetCashProvidedByUsedInOperatingActivities)
  4. 20-F · period ending 2024-12-31 · accession 0001493152-26-023628 (PaymentsToAcquirePropertyPlantAndEquipment)