Mint Inc Ltd
MIMIdata completeness 100%3 fiscal years on fileData notes: no data for concept 'interestExpense'
Mint Inc Ltd earns about 253% on invested capital, far above its ~9% cost of capital, but has diluted owners by 2% over 3 years — a real edge showing up in the numbers. The estimate methods put fair value between $0.38 and $0.75 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | $2.44M1 | $4.08M1 | $3.05M1 |
| Net income | $819,4242 | $783,4382 | −$1.46M2 |
| Operating cash flow | $722,5163 | $756,4713 | −$3.26M3 |
| Capital expenditure | $5,1444 | $8,2254 | $7,2274 |
| Free cash flow (derived) | $717,3723 | $748,2463 | −$3.27M3 |
| Total debt | — | — | $2.29M5 |
| Cash & equivalents | $292,9356 | $317,3227 | $4.52M7 |
| Diluted shares | 21.0M | 21.0M | 21.4M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $2.71 of net worth that earned you −$0.68 and generated −$1.52 of cash last year, against $1.07 of debt.
It earned about 253% on invested capital, 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 up 2% over 3 years — owners have been diluted. Worth asking what they got for it. Total debt has held roughly steady.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $0.38 and $0.75 a share. They rest on different assumptions, so where they diverge is the story.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$717,372
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$717,372
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$783,438
- growthAssumed0.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $0.58 |
| Base | 5.0% | $0.7 |
| Bull | 10.0% | $0.84 |
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.
- 20-F · period ending 2023-03-31 · accession 0001213900-25-069308 (Revenues)
- 20-F · period ending 2023-03-31 · accession 0001213900-25-069308 (NetIncomeLoss)
- 20-F · period ending 2023-03-31 · accession 0001213900-25-069308 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-03-31 · accession 0001213900-25-069308 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2025-03-31 · accession 0001213900-25-069308 (LongTermDebt)
- 20-F · period ending 2023-03-31 · accession 0001213900-25-069308 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 20-F · period ending 2024-03-31 · accession 0001213900-25-069308 (CashAndCashEquivalentsAtCarryingValue)