MeritValue

Magnolia Bancorp, Inc.

MGNOdata completeness 75%3 fiscal years on file

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

The thesis, from the filings

Magnolia Bancorp, Inc. earns about 11% on invested capital. 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
FigureFY 2023FY 2024FY 2025
Revenue$8,0001$9,0002$6,0002
Net income$86,0003−$100,0004−$170,0004
Operating cash flow$12,0005−$470,0006−$439,0006
Capital expenditure$65,0007$08$47,0008
Free cash flow (derived)−$53,0005−$470,0006−$486,0006
Total debt———
Cash & equivalents$1.71M9$9.94M9—
Diluted shares—0768,996

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
$260.03
your share of equity
Profit it earned you last year
−$2.21
Free cash flow it threw off
−$6.32
Debt you’d be carrying
—

10 shares is a claim on $260.03 of net worth that earned you −$2.21 and generated −$6.32 of cash last year.

iii. Is this a good business?
Moat signal · return on invested capital
11% avg · 3y
FY23 9%FY24 19%FY25 5%

It earned an average 11% 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
— shares · 3y

Not enough history to read capital allocation.

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 2023-12-31 · accession 0000927089-25-000061 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2024-12-31 · accession 0000927089-26-000033 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0000927089-25-000061 (NetIncomeLoss)
  4. 10-K · period ending 2024-12-31 · accession 0000927089-26-000033 (NetIncomeLoss)
  5. 10-K · period ending 2023-12-31 · accession 0000927089-25-000061 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2024-12-31 · accession 0000927089-26-000033 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2023-12-31 · accession 0000927089-25-000061 (PaymentsToAcquirePropertyPlantAndEquipment)
  8. 10-K · period ending 2024-12-31 · accession 0000927089-26-000033 (PaymentsToAcquirePropertyPlantAndEquipment)
  9. 10-K · period ending 2023-12-31 · accession 0000927089-25-000061 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)