MeritValue

Youxin Technology Ltd

YAASdata completeness 88%4 fiscal years on file
The thesis, from the filings

Youxin Technology Ltd earns about -118% on equity, and has bought back 64% of its shares over 4 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 2022FY 2023FY 2024FY 2025
Revenue$1.28M1$895,9782$521,2412$539,4742
Net income−$6.46M3−$2.34M4−$1.28M4−$9.65M4
Operating cash flow−$5.27M5−$2.31M6−$728,0666−$3.91M6
Capital expenditure$1,6187———
Free cash flow (derived)−$5.28M5———
Total debt—$311,1298$323,4729$318,8659
Cash & equivalents$1.8M10$399,05011$18,37211$9.91M11
Diluted shares25.9M9.2M9.2M9.3M

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
$8.8
your share of equity
Profit it earned you last year
−$10.36
Free cash flow it threw off
—
Debt you’d be carrying
$0.34

10 shares is a claim on $8.8 of net worth that earned you −$10.36 last year, against $0.34 of debt.

iii. Is this a good business?
Moat signal · return on equity
-118% avg · 4y
FY22 —FY23 —FY24 —FY25 -118%

It earned an average -118% on equity over 4 years. Compare that to what it costs to fund the business.

seeing a moat in the numbers →
Management signal · capital allocation
−64% shares · 4y

Share count is down 64% over 4 years — management has been buying back stock, quietly handing owners a bigger slice. 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
only 1 years of FCF (need ≥3) — model not applicable
DCF · Growth Exit 5Y
not applicable
only 1 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. 20-F · period ending 2022-09-30 · accession 0001493152-25-004300 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 20-F · period ending 2023-09-30 · accession 0001493152-26-004040 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 20-F · period ending 2022-09-30 · accession 0001493152-25-004300 (NetIncomeLoss)
  4. 20-F · period ending 2023-09-30 · accession 0001493152-26-004040 (NetIncomeLoss)
  5. 20-F · period ending 2022-09-30 · accession 0001493152-25-004300 (NetCashProvidedByUsedInOperatingActivities)
  6. 20-F · period ending 2023-09-30 · accession 0001493152-26-004040 (NetCashProvidedByUsedInOperatingActivities)
  7. 20-F · period ending 2022-09-30 · accession 0001493152-25-004300 (PaymentsToAcquirePropertyPlantAndEquipment)
  8. 20-F · period ending 2023-09-30 · accession 0001493152-25-004300 (ShortTermBorrowings)
  9. 20-F · period ending 2024-09-30 · accession 0001493152-26-004040 (ShortTermBorrowings)
  10. 20-F · period ending 2022-09-30 · accession 0001493152-25-004300 (CashAndCashEquivalentsAtCarryingValue)
  11. 20-F · period ending 2023-09-30 · accession 0001493152-26-004040 (CashAndCashEquivalentsAtCarryingValue)