MeritValue

Winvest Group Ltd

WNLVdata completeness 75%6 fiscal years on file

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

The thesis, from the filings

Winvest Group Ltd earns about -152% on equity, and has bought back 79% of its shares over 5 years. 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—$89,2601$339,9432$77,3403$78,4263
Net income−$2.53M4−$2.35M5−$875,4646−$1.08M7−$15M7
Operating cash flow−$54,5238−$385,6889−$230,07510−$351,10911−$551,29011
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents—$37,14812$45,07013$181,52213$44,07214
Diluted shares520.3M17.1M17.9M286.9M110.7M

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
−$1.36
Free cash flow it threw off
—
Debt you’d be carrying
—

10 shares is a claim on −$0.15 of net worth that earned you −$1.36 last year.

iii. Is this a good business?
Moat signal · return on equity
-152% avg · 5y
FY21 —FY22 —FY23 -295%FY24 -8%FY25 —

It earned an average -152% 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
−79% shares · 5y

Share count is down 79% over 5 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.

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
  1. 10-K · period ending 2022-12-31 · accession 0001829126-24-002653 (Revenues)
  2. 10-K · period ending 2023-12-31 · accession 0001477932-25-002836 (Revenues)
  3. 10-K · period ending 2024-12-31 · accession 0001477932-26-002885 (Revenues)
  4. 10-K · period ending 2021-05-31 · accession 0001213900-21-047343 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001829126-24-002653 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001477932-25-002836 (NetIncomeLoss)
  7. 10-K · period ending 2024-12-31 · accession 0001477932-26-002885 (NetIncomeLoss)
  8. 10-K · period ending 2021-05-31 · accession 0001213900-21-047343 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2022-12-31 · accession 0001829126-24-002653 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2023-12-31 · accession 0001477932-25-002836 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2024-12-31 · accession 0001477932-26-002885 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2022-12-31 · accession 0001477932-25-002836 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  13. 10-K · period ending 2023-12-31 · accession 0001477932-25-002836 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K · period ending 2025-12-31 · accession 0001477932-26-002885 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)