INLIF Ltd
INLFdata completeness 100%4 fiscal years on fileData notes: no data for concept 'interestExpense'
INLIF Ltd earns about 0% on invested capital, below its ~9% cost of capital, but has diluted owners by 33% over 4 years — no moat visible in the numbers. The estimate methods put fair value between $0.27 and $0.59 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenue | $6.65M1 | $12.6M2 | $15.8M2 | $18.4M2 |
| Net income | $537,5553 | $1.35M4 | $1.61M4 | −$5.45M4 |
| Operating cash flow | $1.24M5 | $400,2386 | $1.58M6 | −$1.89M6 |
| Capital expenditure | $18,1657 | $219,1218 | $25,7598 | $192,5318 |
| Free cash flow (derived) | $1.22M5 | $181,1176 | $1.55M6 | −$2.08M6 |
| Total debt | — | $3.66M9 | $4.63M10 | $4.62M10 |
| Cash & equivalents | $84,96111 | $598,93312 | $2.47M13 | $6.72M13 |
| Diluted shares | 12.5M | 12.5M | 12.5M | 16.6M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $9.74 of net worth that earned you −$3.29 and generated −$1.26 of cash last year, against $2.79 of debt.
It earned about 0% on invested capital against a ~9% cost of capital — below the cost of funding. The numbers show no moat.
seeing a moat in the numbers →Share count is up 33% over 4 years — owners have been diluted. Worth asking what they got for it. Total debt has risen 26% 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.
The 3 estimate methods that apply put fair value between $0.27 and $0.59 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth0.0%
- fcfBase$181,117
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$181,117
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$945,033
- growthAssumed0.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $0.28 |
| Base | 0.0% | $0.28 |
| Bull | 5.0% | $0.32 |
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.
- 20-F · period ending 2022-12-31 · accession 0001213900-25-036061 (Revenues)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-024760 (Revenues)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-036061 (NetIncomeLoss)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-024760 (NetIncomeLoss)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-036061 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-024760 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-036061 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-024760 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2023-12-31 · accession 0001213900-25-036061 (ShortTermBorrowings)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-024760 (ShortTermBorrowings)
- 20-F · period ending 2022-12-31 · accession 0001213900-26-024760 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 20-F · period ending 2023-12-31 · accession 0001213900-25-036061 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-024760 (CashAndCashEquivalentsAtCarryingValue)