MICROALLIANCE GROUP INC.
MALGdata completeness 88%3 fiscal years on fileData notes: no data for concept 'totalDebt'; no data for concept 'interestExpense'
MICROALLIANCE GROUP INC. earns about 66% on equity, far above its ~9% cost of capital, with a roughly flat share count — a real edge showing up in the numbers. The applicable estimate puts fair value near $0 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|
| Revenue | $2.11M1 | $1.19M2 | $37.4M2 |
| Net income | −$305,0813 | −$627,8704 | $18.7M4 |
| Operating cash flow | $211,7255 | $37,7556 | $1.29M6 |
| Capital expenditure | $110,9117 | $2,8008 | $117,8128 |
| Free cash flow (derived) | $100,8145 | $34,9556 | $1.17M6 |
| Total debt | — | — | — |
| Cash & equivalents | $23,0469 | $61,51710 | $1.19M10 |
| Diluted shares | 700.0M | 700.0M | 703.5M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $0.4 of net worth that earned you $0.27 and generated $0.02 of cash last year.
It earned about 66% 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 →Share count is roughly flat over 3 years — little dilution, little buyback.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$100,814
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$100,814
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $0 |
| Base | 5.0% | $0 |
| Bull | 10.0% | $0 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 5.0%= 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.
- 10-K · period ending 2019-12-31 · accession 0001213900-21-021652 (Revenues)
- 10-K · period ending 2020-12-31 · accession 0001213900-22-016721 (Revenues)
- 10-K · period ending 2019-12-31 · accession 0001213900-21-021652 (NetIncomeLoss)
- 10-K · period ending 2020-12-31 · accession 0001213900-22-016721 (NetIncomeLoss)
- 10-K · period ending 2019-12-31 · accession 0001213900-21-021652 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2020-12-31 · accession 0001213900-22-016721 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2019-12-31 · accession 0001213900-21-021652 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2020-12-31 · accession 0001213900-22-016721 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2019-12-31 · accession 0001213900-21-021652 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2020-12-31 · accession 0001213900-22-016721 (CashAndCashEquivalentsAtCarryingValue)