MeritValue

Kun Peng International Ltd.

KPEAdata completeness 88%15 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$5.59M1$7.51M2$3.92M3$2.08M4$1.44M4
Net income−$1.61M5−$1.83M6−$2.15M7−$1.97M8−$1.26M8
Operating cash flow$1.91M9−$1.59M10−$427,03011$17,88012−$208,15612
Capital expenditure$19,30613$139,15514—$320,49815—
Free cash flow (derived)$1.89M9−$1.73M10—−$302,61812—
Total debt————$100,01416
Cash & equivalents$2.06M17$267,13118$457,58019$82,18420$26,28420
Diluted shares400.0M400.0M400.0M400.0M400.0M

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
−$0.2
your share of equity
Profit it earned you last year
−$0.03
Free cash flow it threw off
—
Debt you’d be carrying
$0

10 shares is a claim on −$0.2 of net worth that earned you −$0.03 last year, against $0 of debt.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
−0% shares · 5y

Share count is roughly flat over 5 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.

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/A · period ending 2021-09-30 · accession 0001493152-23-024456 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-09-30 · accession 0001493152-24-002378 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-09-30 · accession 0001493152-25-002124 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2024-09-30 · accession 0001493152-25-029689 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K/A · period ending 2021-09-30 · accession 0001493152-23-024456 (NetIncomeLoss)
  6. 10-K · period ending 2022-09-30 · accession 0001493152-24-002378 (NetIncomeLoss)
  7. 10-K · period ending 2023-09-30 · accession 0001493152-25-002124 (NetIncomeLoss)
  8. 10-K · period ending 2024-09-30 · accession 0001493152-25-029689 (NetIncomeLoss)
  9. 10-K/A · period ending 2021-09-30 · accession 0001493152-23-024456 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2022-09-30 · accession 0001493152-24-002378 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2023-09-30 · accession 0001493152-25-002124 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2024-09-30 · accession 0001493152-25-029689 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K/A · period ending 2021-09-30 · accession 0001493152-23-024456 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2022-09-30 · accession 0001493152-24-002378 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2024-09-30 · accession 0001493152-25-002124 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2025-09-30 · accession 0001493152-25-029689 (ShortTermBorrowings)
  17. 10-K/A · period ending 2021-09-30 · accession 0001493152-23-024456 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2022-09-30 · accession 0001493152-24-002378 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2023-09-30 · accession 0001493152-25-002124 (CashAndCashEquivalentsAtCarryingValue)
  20. 10-K · period ending 2024-09-30 · accession 0001493152-25-029689 (CashAndCashEquivalentsAtCarryingValue)