Wing Yip Food Holdings Group Ltd
WYHGdata completeness 100%4 fiscal years on fileData notes: no data for concept 'interestExpense'
Wing Yip Food Holdings Group Ltd earns about 12% on invested capital, comfortably above its ~9% cost of capital, but has diluted owners by 5% over 4 years — a real edge showing up in the numbers. The estimate methods put fair value between $1.39 and $2.31 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 | $130.8M1 | $134.1M2 | $144.6M2 | $135.2M2 |
| Net income | $11.2M3 | $14M4 | $11.2M4 | $7.91M4 |
| Operating cash flow | $8.92M5 | $17.7M6 | $12.5M6 | −$13.2M6 |
| Capital expenditure | $18.1M7 | $217,0538 | $10.1M8 | $4.54M8 |
| Free cash flow (derived) | −$9.13M5 | $17.4M6 | $2.38M6 | −$17.7M6 |
| Total debt | — | $41.5M9 | $36.4M10 | $46.6M10 |
| Cash & equivalents | $67.4M11 | $91M12 | $87.9M13 | $85.3M13 |
| Diluted shares | 48.0M | 48.0M | 48.2M | 50.3M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $34.16 of net worth that earned you $1.57 and generated −$3.52 of cash last year, against $9.26 of debt.
It earned about 12% on invested capital against a ~9% cost of capital — comfortably above the cost of funding, a moderate advantage.
seeing a moat in the numbers →Share count is up 5% over 4 years — owners have been diluted. Worth asking what they got for it. Total debt has risen 12% over the same window.
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 $1.39 and $2.31 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth0.0%
- fcfBase$2.38M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$2.38M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$11.2M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $1.44 |
| Base | 0.0% | $1.44 |
| Bull | 5.0% | $1.61 |
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 0001213900-25-037724 (Revenues)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-056618 (Revenues)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-037724 (NetIncomeLoss)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-056618 (NetIncomeLoss)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-037724 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-056618 (NetCashProvidedByUsedInOperatingActivities)
- 20-F · period ending 2022-12-31 · accession 0001213900-25-037724 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2023-12-31 · accession 0001213900-26-056618 (PaymentsToAcquirePropertyPlantAndEquipment)
- 20-F · period ending 2023-12-31 · accession 0001213900-25-037724 (LongTermDebtNoncurrent)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-056618 (LongTermDebtNoncurrent)
- 20-F · period ending 2022-12-31 · accession 0001213900-26-056618 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 20-F · period ending 2023-12-31 · accession 0001213900-25-037724 (CashAndCashEquivalentsAtCarryingValue)
- 20-F · period ending 2024-12-31 · accession 0001213900-26-056618 (CashAndCashEquivalentsAtCarryingValue)