MeritValue

King Resources, Inc.

KRFGdata completeness 88%6 fiscal years on file

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

i. The business — what you’d actually own
FigureFY 2022FY 2023FY 2024FY 2025FY 2026
Revenue$385,4061$198,8162$70,2963$76,9214$830,6624
Net income−$60,1665−$1.32M6−$1.51M7$1.95M8−$2.18M8
Operating cash flow$86,1139−$180,80810−$284,78911−$85,55512−$156,67612
Capital expenditure$5,53613——$014$9,43714
Free cash flow (derived)$80,5779——−$85,55512−$166,11312
Total debt—————
Cash & equivalents$14,86415$4,91116$1,55617$2,41718$8,78918
Diluted shares7.81B8.31B8.50B603,56622.1M

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
−$0.54
your share of equity
Profit it earned you last year
−$0.99
Free cash flow it threw off
−$0.08
Debt you’d be carrying
—

10 shares is a claim on −$0.54 of net worth that earned you −$0.99 and generated −$0.08 of cash last year.

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
−100% shares · 5y

Share count is down 100% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.

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 2022-03-31 · accession 0001683168-23-004906 (Revenues)
  2. 10-K · period ending 2023-03-31 · accession 0001683168-24-004875 (Revenues)
  3. 10-K · period ending 2024-03-31 · accession 0001683168-25-005108 (Revenues)
  4. 10-K/A · period ending 2025-03-31 · accession 0001683168-26-005722 (Revenues)
  5. 10-K · period ending 2022-03-31 · accession 0001683168-23-004906 (NetIncomeLoss)
  6. 10-K · period ending 2023-03-31 · accession 0001683168-24-004875 (NetIncomeLoss)
  7. 10-K · period ending 2024-03-31 · accession 0001683168-25-005108 (NetIncomeLoss)
  8. 10-K/A · period ending 2025-03-31 · accession 0001683168-26-005722 (NetIncomeLoss)
  9. 10-K · period ending 2022-03-31 · accession 0001683168-23-004906 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-03-31 · accession 0001683168-24-004875 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-03-31 · accession 0001683168-25-005108 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K/A · period ending 2025-03-31 · accession 0001683168-26-005722 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2022-03-31 · accession 0001683168-22-004566 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K/A · period ending 2025-03-31 · accession 0001683168-26-005722 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2022-03-31 · accession 0001683168-23-004906 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2023-03-31 · accession 0001683168-24-004875 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2024-03-31 · accession 0001683168-25-005108 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K/A · period ending 2025-03-31 · accession 0001683168-26-005722 (CashAndCashEquivalentsAtCarryingValue)