MeritValue

Mag Mile Capital, Inc.

MMCPdata completeness 75%6 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'incomeTaxExpense'

The thesis, from the filings

Mag Mile Capital, Inc. earns about -1283% on equity, but has diluted owners by 6104% over 5 years — worth asking whether the growth reaches owners. 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 2022FY 2022FY 2023FY 2024FY 2025
Revenue—$3.32M1$1.92M2$2.05M3$4.06M3
Net income−$65,5704$864,1905−$3.12M6−$283,3467−$123,7557
Operating cash flow−$65,2888$231,5779−$537,86910−$55,73811$513,29311
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents—$374,09112$56,22213$48414$513,77714
Diluted shares1.6M5.8M77.9M100.1M100.1M

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
−$0.03
your share of equity
Profit it earned you last year
−$0.01
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.03 of net worth that earned you −$0.01 last year.

iii. Is this a good business?
Moat signal · return on equity
-1283% avg · 5y
FY22 —FY22 101%FY23 -2668%FY24 —FY25 —

It earned an average -1283% on equity over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+6104% shares · 5y

Share count is up 6104% over 5 years — owners have been diluted. Worth asking what they got for it.

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
only 0 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 0 years of FCF (need ≥3) — model not applicable
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/A · period ending 2022-12-31 · accession 0001493152-24-024391 (Revenues)
  2. 10-K · period ending 2023-12-31 · accession 0001641172-25-001445 (Revenues)
  3. 10-K · period ending 2024-12-31 · accession 0001493152-26-016615 (Revenues)
  4. 10-K · period ending 2022-07-31 · accession 0001493152-22-029818 (NetIncomeLoss)
  5. 10-K/A · period ending 2022-12-31 · accession 0001493152-24-024391 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001641172-25-001445 (NetIncomeLoss)
  7. 10-K · period ending 2024-12-31 · accession 0001493152-26-016615 (NetIncomeLoss)
  8. 10-K · period ending 2022-07-31 · accession 0001493152-22-029818 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K/A · period ending 2022-12-31 · accession 0001493152-24-024391 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001641172-25-001445 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-12-31 · accession 0001493152-26-016615 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K/A · period ending 2022-12-31 · accession 0001493152-24-024391 (CashAndCashEquivalentsAtCarryingValue)
  13. 10-K · period ending 2023-12-31 · accession 0001641172-25-001445 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2024-12-31 · accession 0001493152-26-016615 (CashAndCashEquivalentsAtCarryingValue)