GreenVector Holdings Ltd
GRVTdata completeness 100%3 fiscal years on fileData notes: no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'epsDiluted'
GreenVector Holdings Ltd earns about 13% on invested capital, comfortably above its ~9% cost of capital, with a roughly flat share count — a real edge showing up in the numbers. The estimate methods put fair value between $0.11 and $0.3 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|
| Revenue | $2.77M1 | $5.29M1 | $4.37M1 |
| Net income | −$25,6752 | $1.26M2 | $109,7282 |
| Operating cash flow | $197,0143 | $849,3773 | $200,3433 |
| Capital expenditure | $70,8634 | $119,4254 | $87,8374 |
| Free cash flow (derived) | $126,1513 | $729,9523 | $112,5063 |
| Total debt | — | $468,5105 | $464,9165 |
| Cash & equivalents | — | $741,5376 | $1.18M6 |
| Diluted shares | 11.0M | 11.0M | 11.0M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $3.66 of net worth that earned you $0.1 and generated $0.1 of cash last year, against $0.42 of debt.
It earned about 13% on invested capital against a ~9% cost of capital — comfortably above the cost of funding, a moderate advantage.
seeing a moat in the numbers →Share count is roughly flat over 3 years — little dilution, little buyback. 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.
The 3 estimate methods that apply put fair value between $0.11 and $0.3 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- riskFreeRate4.3%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$126,151
assumptions (10)
- riskFreeRate4.3%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$126,151
assumptions (8)
- riskFreeRate4.3%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$109,728
- growthAssumed0.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $0.24 |
| Base | 5.0% | $0.28 |
| Bull | 10.0% | $0.33 |
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 2024-03-31 · accession 0001493152-26-035692 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 20-F · period ending 2024-03-31 · accession 0001493152-26-035692 (NetIncomeLoss)
- 20-F · period ending 2024-03-31 · accession 0001493152-26-035692 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2024-03-31 · accession 0001493152-26-035692 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2025-03-31 · accession 0001493152-26-035692 (LongTermDebt)
- 20-F · period ending 2025-03-31 · accession 0001493152-26-035692 (CashAndCashEquivalentsAtCarryingValue)