MeritValue

Longduoduo Co Ltd

LDDDdata completeness 88%5 fiscal years on file

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

The thesis, from the filings

Longduoduo Co Ltd earns about 109% on equity, far above its ~9% cost of capital, and has bought back 82% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $0.18 and $0.19 a share.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$413,8611$2.72M2$3.82M3$7.39M3$4.26M4
Net income−$378,2045−$7.56M5−$39,0896$1.26M7$460,4357
Operating cash flow$350,2828$28,5729$965,33710$582,28211$277,36511
Capital expenditure$69,61712$111,88213$120,12714$305,49515$59,37515
Free cash flow (derived)$280,6658−$83,3109$845,21010$276,78711$217,99011
Total debt—————
Cash & equivalents$273,11616$356,67217$1.14M18$1.4M18$1.64M19
Diluted shares164.4M25.6M30.0M30.0M30.0M

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
$0.39
your share of equity
Profit it earned you last year
$0.15
Free cash flow it threw off
$0.07
Debt you’d be carrying
—

10 shares is a claim on $0.39 of net worth that earned you $0.15 and generated $0.07 of cash last year.

iii. Is this a good business?
Moat signal · return on equity
109% avg · 5y
FY21 —FY22 —FY23 —FY24 179%FY25 39%

It earned about 109% on equity, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.

seeing a moat in the numbers →
Management signal · capital allocation
−82% shares · 5y

Share count is down 82% 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

The 2 estimate methods that apply put fair value between $0.18 and $0.19 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.

DCF · Growth Exit 10Y
$0.18
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$276,787
DCF · Growth Exit 5Y
$0.19
assumptions (10)
  • riskFreeRate4.7%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$276,787
Earnings Power Value
not applicable
normalized (5y-median) earnings non-positive — EPV undefined
Graham Number
$0.12
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

v. The price question — last, on purpose
Is today’s price fair?
See live price ↗
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.93%
Terminal growth2.5%
At your growth, a share is worth $0.19
The three cases
Bear0.0%$0.19
Base0.0%$0.19
Bull5.0%$0.22

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.

Sources — the receipts
  1. 10-K · period ending 2021-06-30 · accession 0001213900-22-063656 (RevenueFromContractWithCustomerIncludingAssessedTax)
  2. 10-K · period ending 2022-06-30 · accession 0001213900-23-086498 (RevenueFromContractWithCustomerIncludingAssessedTax)
  3. 10-K · period ending 2023-06-30 · accession 0001213900-24-087709 (RevenueFromContractWithCustomerIncludingAssessedTax)
  4. 10-K · period ending 2025-06-30 · accession 0001213900-25-091988 (Revenues)
  5. 10-K · period ending 2021-06-30 · accession 0001213900-22-063656 (NetIncomeLoss)
  6. 10-K · period ending 2023-06-30 · accession 0001213900-24-087709 (NetIncomeLoss)
  7. 10-K · period ending 2024-06-30 · accession 0001213900-25-091988 (NetIncomeLoss)
  8. 10-K · period ending 2021-06-30 · accession 0001213900-22-063656 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-06-30 · accession 0001213900-23-086498 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-06-30 · accession 0001213900-24-087709 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-06-30 · accession 0001213900-25-091988 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2021-06-30 · accession 0001213900-22-063656 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2022-06-30 · accession 0001213900-23-086498 (PaymentsToAcquirePropertyPlantAndEquipment)
  14. 10-K · period ending 2023-06-30 · accession 0001213900-24-087709 (PaymentsToAcquirePropertyPlantAndEquipment)
  15. 10-K · period ending 2024-06-30 · accession 0001213900-25-091988 (PaymentsToAcquirePropertyPlantAndEquipment)
  16. 10-K · period ending 2021-06-30 · accession 0001213900-22-063656 (CashAndCashEquivalentsAtCarryingValue)
  17. 10-K · period ending 2022-06-30 · accession 0001213900-23-086498 (CashAndCashEquivalentsAtCarryingValue)
  18. 10-K · period ending 2023-06-30 · accession 0001213900-24-087709 (CashAndCashEquivalentsAtCarryingValue)
  19. 10-K · period ending 2025-06-30 · accession 0001213900-25-091988 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)