MeritValue

Sino Green Land Corp.

SGLAdata completeness 100%6 fiscal years on file

Data notes: no data for concept 'interestExpense'; no data for concept 'incomeTaxExpense'

The thesis, from the filings

Sino Green Land Corp. earns about -1523% on invested capital, but has diluted owners by 10982% 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 2021FY 2022FY 2023FY 2024FY 2025
Revenue——$636,4821$2.09M2$1.34M2
Net income−$143,9833−$35,6593−$1.08M4−$798,8045−$1.81M5
Operating cash flow−$129,9836−$47,7436−$922,2027−$727,4658−$845,9718
Capital expenditure——$584,2019$876,10210$46,15810
Free cash flow (derived)——−$1.51M7−$1.6M8−$892,1298
Total debt———$2.25M11$2.46M12
Cash & equivalents——$125,13413$28,85814$25,27214
Diluted shares1.5M1.5M161.8M161.8M161.8M

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
shares
Net assets behind them
−$0.15
your share of equity
Profit it earned you last year
−$0.11
Free cash flow it threw off
−$0.06
Debt you’d be carrying
$0.15

10 shares is a claim on −$0.15 of net worth that earned you −$0.11 and generated −$0.06 of cash last year, against $0.15 of debt.

iii. Is this a good business?
Moat signal · return on invested capital
-1523% avg · 5y
FY21 —FY22 —FY23 -569%FY24 -38%FY25 -3962%

It earned an average -1523% on invested capital over 5 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
+10982% shares · 5y

Share count is up 10982% over 5 years — owners have been diluted. Worth asking what they got for it. 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 v0.1.0
DCF · Growth Exit 10Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
DCF · Growth Exit 5Y
not applicable
3y-median FCF non-positive — growth-exit DCF not applicable (see EPV)
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 2023-06-30 · accession 0001493152-24-038708 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2024-06-30 · accession 0001493152-25-017951 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2021-12-31 · accession 0001493152-23-009890 (NetIncomeLoss)
  4. 10-K · period ending 2023-06-30 · accession 0001493152-24-038708 (NetIncomeLoss)
  5. 10-K · period ending 2024-06-30 · accession 0001493152-25-017951 (NetIncomeLoss)
  6. 10-K · period ending 2021-12-31 · accession 0001493152-23-009890 (NetCashProvidedByUsedInOperatingActivities)
  7. 10-K · period ending 2023-06-30 · accession 0001493152-24-038708 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2024-06-30 · accession 0001493152-25-017951 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-06-30 · accession 0001493152-24-038708 (PaymentsToAcquirePropertyPlantAndEquipment)
  10. 10-K · period ending 2024-06-30 · accession 0001493152-25-017951 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2024-06-30 · accession 0001493152-24-038708 (LongTermDebt)
  12. 10-K · period ending 2025-06-30 · accession 0001493152-25-017951 (LongTermDebt)
  13. 10-K · period ending 2023-06-30 · accession 0001493152-24-038708 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2024-06-30 · accession 0001493152-25-017951 (CashAndCashEquivalentsAtCarryingValue)