MeritValue

ZHEN DING RESOURCES INC.

RBTKdata completeness 75%12 fiscal years on file

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

i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue—————
Net income−$419,6121−$583,3072−$1.25M3−$1.11M4$286,6634
Operating cash flow−$108,1305−$75,3896$9,2587−$107,2288$78,2848
Capital expenditure—————
Free cash flow (derived)—————
Total debt$154,5009$154,50010$154,50011$154,50012$154,50012
Cash & equivalents$29,78213$13,70814$6,29315$1,97716$20,28916
Diluted shares110.4M110.4M110.5M110.8M111.0M

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
−$0.7
your share of equity
Profit it earned you last year
$0.03
Free cash flow it threw off
—
Debt you’d be carrying
$0.01

10 shares is a claim on −$0.7 of net worth that earned you $0.03 last year, against $0.01 of debt.

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
+1% shares · 5y

Share count is roughly flat over 5 years — little dilution, little buyback. 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.

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 2021-12-31 · accession 0001214659-23-004487 (NetIncomeLoss)
  2. 10-K · period ending 2022-12-31 · accession 0001214659-24-006714 (NetIncomeLoss)
  3. 10-K · period ending 2023-12-31 · accession 0001214659-25-005881 (NetIncomeLoss)
  4. 10-K · period ending 2024-12-31 · accession 0001214659-26-004712 (NetIncomeLoss)
  5. 10-K · period ending 2021-12-31 · accession 0001214659-23-004487 (NetCashProvidedByUsedInOperatingActivities)
  6. 10-K · period ending 2022-12-31 · accession 0001214659-24-006714 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2023-12-31 · accession 0001214659-25-005881 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2024-12-31 · accession 0001214659-26-004712 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2021-12-31 · accession 0001214659-23-004487 (ShortTermBorrowings)
  10. 10-K · period ending 2022-12-31 · accession 0001214659-24-006714 (ShortTermBorrowings)
  11. 10-K · period ending 2023-12-31 · accession 0001214659-25-005881 (ShortTermBorrowings)
  12. 10-K · period ending 2024-12-31 · accession 0001214659-26-004712 (ShortTermBorrowings)
  13. 10-K · period ending 2021-12-31 · accession 0001214659-23-004487 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2022-12-31 · accession 0001214659-24-006714 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2023-12-31 · accession 0001214659-25-005881 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2024-12-31 · accession 0001214659-26-004712 (CashAndCashEquivalentsAtCarryingValue)