MeritValue

New Momentum Corp.

NNAXdata completeness 75%26 fiscal years on file

Data notes: no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'

i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue$237,9801$1.29M2$920,2893$182,4524$64
Net income−$4.15M5−$287,7636−$188,8537−$403,9338−$142,8808
Operating cash flow−$71,2489−$108,89210−$144,17811−$175,60712−$96,25712
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$64,49613$15,60914$59,24714$16,77615$7,81215
Diluted shares340.3M176.2M177.7M227.7M802.0M

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
−$0.01
your share of equity
Profit it earned you last year
−$0
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.01 of net worth that earned you −$0 last year.

iii. Is this a good business?
Moat signal · return on equity
— avg · 5y

Not enough data in the filings for a return-on-capital reading.

seeing a moat in the numbers →
Management signal · capital allocation
+136% shares · 5y

Share count is up 136% 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 v0.5.0
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 · period ending 2020-12-31 · accession 0001477932-22-002459 (Revenues)
  2. 10-K/A · period ending 2021-12-31 · accession 0001477932-23-003457 (Revenues)
  3. 10-K · period ending 2022-12-31 · accession 0001477932-24-002194 (Revenues)
  4. 10-K · period ending 2023-12-31 · accession 0001477932-25-002710 (Revenues)
  5. 10-K · period ending 2020-12-31 · accession 0001477932-22-002459 (NetIncomeLoss)
  6. 10-K/A · period ending 2021-12-31 · accession 0001477932-23-003457 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001477932-24-002194 (NetIncomeLoss)
  8. 10-K · period ending 2023-12-31 · accession 0001477932-25-002710 (NetIncomeLoss)
  9. 10-K · period ending 2020-12-31 · accession 0001477932-22-002459 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2021-12-31 · accession 0001477932-23-003457 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2022-12-31 · accession 0001477932-24-002194 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2023-12-31 · accession 0001477932-25-002710 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2020-12-31 · accession 0001477932-22-002459 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K/A · period ending 2021-12-31 · accession 0001477932-23-003457 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2023-12-31 · accession 0001477932-25-002710 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)