ORIENTAL RISE HOLDINGS Ltd
ORISFdata completeness 88%4 fiscal years on fileData notes: no data for concept 'totalDebt'; no data for concept 'interestExpense'; no data for concept 'pretaxIncome'
ORIENTAL RISE HOLDINGS Ltd earns about 11% on equity, comfortably above its ~9% cost of capital, and has bought back 83% of its shares over 4 years — the marks of a durable business run for its owners. The estimate methods put fair value between $35.1 and $44.73 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenue | $24.3M1 | $24.1M2 | $15M2 | $12.2M2 |
| Net income | $11.9M3 | $11.5M4 | $2.09M4 | $681,0004 |
| Operating cash flow | $13.6M5 | $12.6M6 | $3.15M6 | −$583,0006 |
| Capital expenditure | $2,0007 | $1.76M8 | $258,0008 | $2.4M8 |
| Free cash flow (derived) | $13.6M5 | $10.8M6 | $2.89M6 | −$2.98M6 |
| Total debt | — | — | — | — |
| Cash & equivalents | $25.7M9 | $36.7M10 | $43M11 | $48.4M11 |
| Diluted shares | 12.0M | 600,000 | 620,532 | 2.0M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $390.6 of net worth that earned you $3.39 and generated −$14.85 of cash last year.
It earned about 11% on equity against a ~9% cost of capital — comfortably above the cost of funding, a moderate advantage.
seeing a moat in the numbers →Share count is down 83% over 4 years — management has been buying back stock, quietly handing owners a bigger slice.
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 $35.1 and $44.73 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
- fcfGrowth0.0%
- fcfBase$2.89M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$2.89M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$6.79M
- growthAssumed0.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $44.73 |
| Base | 0.0% | $44.73 |
| Bull | 5.0% | $49.71 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 0.0%= 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 2022-12-31 · accession 0001213900-25-037481 (Revenues)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-050088 (Revenues)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-037481 (NetIncomeLoss)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-050088 (NetIncomeLoss)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-037481 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-050088 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-037481 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-050088 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2022-12-31 · accession 0001213900-24-038842 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2023-12-31 · accession 0001213900-25-037481 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-050088 (CashAndCashEquivalentsAtCarryingValue)