Monroe Federal Bancorp, Inc.

MFBIdata completeness 75%3 fiscal years on file

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

The thesis, from the filings

Monroe Federal Bancorp, Inc. earns about 24% on invested capital, with a roughly flat share count. The cash-flow models don't apply cleanly here — the ledger says why below.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

Figure	FY 2024	FY 2025	FY 2026
Revenue	—	—	—
Net income	$59,769¹	−$326,640²	−$514,598²
Operating cash flow	−$375,592³	−$203,819⁴	−$317,867⁴
Capital expenditure	$116,737⁵	$47,400⁶	$152,139⁶
Free cash flow (derived)	−$492,329³	−$251,219⁴	−$470,006⁴
Total debt	—	—	—
Cash & equivalents	$10.6M⁷	$2.08M⁷	$1.46M⁷
Diluted shares	—	491,163	492,820

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

Net assets behind them

$251.64

your share of equity

Profit it earned you last year

−$10.44

Free cash flow it threw off

−$9.54

Debt you’d be carrying

—

10 shares is a claim on $251.64 of net worth that earned you −$10.44 and generated −$9.54 of cash last year.

iii. Is this a good business?

Moat signal · return on invested capital

24% avg · 3y

FY24 —FY25 25%FY26 22%

It earned an average 24% on invested capital over 3 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →

Management signal · capital allocation

+0% shares · 3y

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.

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

10-K · period ending 2024-03-31 · accession 0001558370-25-009080 (NetIncomeLoss)
10-K · period ending 2025-03-31 · accession 0001104659-26-077799 (NetIncomeLoss)
10-K · period ending 2024-03-31 · accession 0001558370-25-009080 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2025-03-31 · accession 0001104659-26-077799 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2024-03-31 · accession 0001558370-25-009080 (PaymentsToAcquirePropertyPlantAndEquipment)
10-K · period ending 2025-03-31 · accession 0001104659-26-077799 (PaymentsToAcquirePropertyPlantAndEquipment)
10-K · period ending 2024-03-31 · accession 0001104659-26-077799 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)