MeritValue

International Land Alliance Inc.

ILALdata completeness 88%10 fiscal years on file

Data notes: no data for concept 'pretaxIncome'

The thesis, from the filings

International Land Alliance Inc. earns about -211% on equity, but has diluted owners by 291% over 5 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 2021FY 2022FY 2023FY 2024FY 2025
Revenue$522,6961—$7.06M2$8.09M3$2.43M3
Net income−$5.06M4−$10.4M5−$2.07M6$3.05M7−$14.3M7
Operating cash flow−$1.04M8−$528,0619−$2.17M10−$384,68011−$998,58211
Capital expenditure$522,05012$539,93513$179,70014$225,00014—
Free cash flow (derived)−$1.56M8−$1.07M9−$2.35M10−$609,68011—
Total debt—$771,73815$9.59M16$3.41M17$7.48M17
Cash & equivalents$56,59018$49,37418—$019$019
Diluted shares28.2M35.6M68.4M84.4M110.2M

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
−$1.3
Free cash flow it threw off
—
Debt you’d be carrying
$0.68

10 shares is a claim on $0.61 of net worth that earned you −$1.3 last year, against $0.68 of debt.

iii. Is this a good business?
Moat signal · return on equity
-211% avg · 5y
FY21 -465%FY22 —FY23 -190%FY24 21%FY25 -211%

It earned an average -211% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+291% shares · 5y

Share count is up 291% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has risen 870% over the same window.

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
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. 10-K · period ending 2021-12-31 · accession 0001493152-23-023833 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2023-12-31 · accession 0001641172-25-011931 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2024-12-31 · accession 0001493152-26-019199 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-31 · accession 0001493152-23-023833 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001493152-24-025481 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001641172-25-011931 (NetIncomeLoss)
  7. 10-K · period ending 2024-12-31 · accession 0001493152-26-019199 (NetIncomeLoss)
  8. 10-K · period ending 2021-12-31 · accession 0001493152-23-023833 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001493152-24-025481 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001641172-25-011931 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-12-31 · accession 0001493152-26-019199 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2021-12-31 · accession 0001493152-23-023833 (PaymentsToAcquireProductiveAssets)
  13. 10-K · period ending 2022-12-31 · accession 0001493152-24-025481 (PaymentsToAcquireProductiveAssets)
  14. 10-K · period ending 2023-12-31 · accession 0001641172-25-011931 (PaymentsToAcquireProductiveAssets)
  15. 10-K · period ending 2022-12-31 · accession 0001493152-24-025481 (ShortTermBorrowings)
  16. 10-K · period ending 2023-12-31 · accession 0001641172-25-011931 (ShortTermBorrowings)
  17. 10-K · period ending 2024-12-31 · accession 0001493152-26-019199 (ShortTermBorrowings)
  18. 10-K · period ending 2021-12-31 · accession 0001493152-23-023833 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2024-12-31 · accession 0001493152-26-019199 (CashAndCashEquivalentsAtCarryingValue)