M2i Global, Inc.

MTWOdata completeness 50%7 fiscal years on file

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

The thesis, from the filings

M2i Global, Inc. earns about -1845% on equity, but has diluted owners by 12622% 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

Figure	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025
Revenue	—	$1,000¹	$3,400²	—	—
Net income	$17,837³	−$66,442⁴	−$1.99M⁵	−$3.89M⁶	−$6.49M⁶
Operating cash flow	$35,181⁷	−$13,010⁸	−$1.61M⁹	−$2.1M¹⁰	−$4.24M¹⁰
Capital expenditure	—	—	—	—	—
Free cash flow (derived)	—	—	—	—	—
Total debt	—	—	—	—	—
Cash & equivalents	$114¹¹	$114¹¹	—	—	—
Diluted shares	5.1M	5.1M	280.9M	548.2M	647.8M

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

−$0.11

your share of equity

Profit it earned you last year

−$0.1

Free cash flow it threw off

—

Debt you’d be carrying

—

10 shares is a claim on −$0.11 of net worth that earned you −$0.1 last year.

iii. Is this a good business?

Moat signal · return on equity

-1845% avg · 5y

FY21 —FY22 -1845%FY23 —FY24 —FY25 —

It earned an average -1845% 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

+12622% shares · 5y

Share count is up 12622% 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

10-K · period ending 2022-11-30 · accession 0001493152-24-014827 (Revenues)
10-K · period ending 2023-11-30 · accession 0001493152-25-008533 (Revenues)
10-K · period ending 2021-11-30 · accession 0001753373-23-000006 (NetIncomeLoss)
10-K · period ending 2022-11-30 · accession 0001493152-24-014827 (NetIncomeLoss)
10-K · period ending 2023-11-30 · accession 0001493152-25-008533 (NetIncomeLoss)
10-K · period ending 2024-11-30 · accession 0001493152-26-003989 (NetIncomeLoss)
10-K · period ending 2021-11-30 · accession 0001753373-23-000006 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2022-11-30 · accession 0001493152-24-014827 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2023-11-30 · accession 0001493152-25-008533 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2024-11-30 · accession 0001493152-26-003989 (NetCashProvidedByUsedInOperatingActivities)
10-K · period ending 2021-11-30 · accession 0001753373-23-000006 (CashAndCashEquivalentsAtCarryingValue)