MeritValue

Intelligent Hotel Group Ltd.

ZHJDdata completeness 75%5 fiscal years on file

Data notes: no data for concept 'capex'; no data for concept 'totalDebt'; no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'depreciationAmortization'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'; no data for concept 'dividendsPaid'; no data for concept 'interestExpense'

i. The business — what you’d actually own
FigureFY 2020FY 2021FY 2022FY 2023FY 2024
Revenue$68,2641$105,3172$118,3963$510,2354$246,4664
Net income−$89,7325−$222,1086−$74,4507$9,9898−$59,2758
Operating cash flow−$34,2569−$161,81210$120,46911−$318,15512−$116,07012
Capital expenditure—————
Free cash flow (derived)—————
Total debt—————
Cash & equivalents$84,54113$33,03814$232,70615$95,93816$29,82516
Diluted shares90.0M101.4M101.4M101.4M101.4M

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

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

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
+13% shares · 5y

Share count is up 13% over 5 years — owners have been diluted. Worth asking what they got for it.

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 2020-12-31 · accession 0001493152-22-008288 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-019883 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2022-12-31 · accession 0001493152-24-014769 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2023-12-31 · accession 0001641172-25-020035 (RevenueFromContractWithCustomerExcludingAssessedTax)
  5. 10-K · period ending 2020-12-31 · accession 0001493152-22-008288 (NetIncomeLoss)
  6. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-019883 (NetIncomeLoss)
  7. 10-K · period ending 2022-12-31 · accession 0001493152-24-014769 (NetIncomeLoss)
  8. 10-K · period ending 2023-12-31 · accession 0001641172-25-020035 (NetIncomeLoss)
  9. 10-K · period ending 2020-12-31 · accession 0001493152-22-008288 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-019883 (NetCashProvidedByUsedInOperatingActivities)
  11. 10-K · period ending 2022-12-31 · accession 0001493152-24-014769 (NetCashProvidedByUsedInOperatingActivities)
  12. 10-K · period ending 2023-12-31 · accession 0001641172-25-020035 (NetCashProvidedByUsedInOperatingActivities)
  13. 10-K · period ending 2020-12-31 · accession 0001493152-22-008288 (CashAndCashEquivalentsAtCarryingValue)
  14. 10-K/A · period ending 2021-12-31 · accession 0001493152-23-019883 (CashAndCashEquivalentsAtCarryingValue)
  15. 10-K · period ending 2022-12-31 · accession 0001493152-24-014769 (CashAndCashEquivalentsAtCarryingValue)
  16. 10-K · period ending 2023-12-31 · accession 0001641172-25-020035 (CashAndCashEquivalentsAtCarryingValue)