Fly-E Group, Inc.
FLYE · Consumer Discretionary · $9.1M mkt cap · FY2025 filings · Shallow moat ·
On the watchlist
The five investor questions
2023–2025: revenue 21774937.00 to 25427163.00, increasing; diluted EPS 0.31 to -1.10, decreasing. Diluted EPS was derived from net income and diluted weighted-average shares in 3 years where the direct tag was absent.
Median gross margin 40.7% over 3y, very stable.
Median ROIC 32.2%, above the 12% hurdle in 67% of years.
Net cash position — no leverage risk.
Owner earnings trend unclear, share count growing (dilution).
Price vs. owner-earnings value range
- Owner earnings (normalized)
- $1.4M
- Value range / share
- $3.11–$3.11
- Conservative high estimate / share
- $3.11
- Recent price
- $1.85
- Price vs. high estimate
- 41% below high estimate
Conservative range under moat-index@2.0.0: low end 11.1×, high end capped at 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
4 years of fundamentals
The business, in plain English
Fly-E Group, Inc. booked $25.4M of revenue in FY2025 in the Consumer Discretionary sector and kept 41.1% of it as gross profit — a solid-margin business by that measure. After every other cost, −20.8% of each revenue dollar reached the bottom line.
It earned −39.6% on invested capital in FY2025, with a median of 32.2% across 3 filed years. The Returns on Capital filter above scores it 88/100.
The balance sheet carried $100835 of total debt in FY2025. Balance-Sheet Safety scores it 55/100.
Put together: Returns on Capital is the strongest of the five filters (88/100) and Capital Discipline the weakest (24/100), which is how FLYE lands at 56/100 — a Shallow moat.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Gaps in a line mean that item isn’t in FLYE’s filings for that year — the series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Moat Score history
Tier changesSame-methodology crossings of the Wide / Narrow / Shallow bars
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record can’t be backfilled, which is exactly why it’s worth keeping.
Track record
How Fly-E Group, Inc.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored FLYE on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the 1 year FLYE rated Wide-moat (2024), the median forward total return that followed — measured only after each year’s filings were public — was:
- 1 year −89% vs the S&P 500’s 17% (price basis) · median over 1 year
- 3 years None of the 1 year it rated Wide has a fully elapsed 3-year window with a benchmark to compare against yet.
- 5 years None of the 1 year it rated Wide has a fully elapsed 5-year window with a benchmark to compare against yet.
These are medians computed from the data, not a claim about any one year. The company figures are total returns (dividends reinvested); the S&P 500 is the price-only ^GSPC index, which excludes dividends and so understates the index — the gap flatters the company. A quality rating is not a return forecast, and past returns don’t predict future ones. Educational only, not investment advice.
Consumer Discretionary context
#165 of 482 scored Consumer Discretionary companies, ranked by Moat Score.
Nearest peers by Moat Score
- #163LEEN Leopard Energy, Inc.56.8 out of 100, Shallow moatShallow moat
- #164VSXY VICTORIA'S SECRET & CO.56.4 out of 100, Shallow moatShallow moat
- #166TXT Textron Inc.55.4 out of 100, Shallow moatShallow moat
- #167JOUT Johnson Outdoors Inc.55.4 out of 100, Shallow moatShallow moat
Compare FLYE with its nearest peers →All Consumer Discretionary companies on the Index →
Common questions about FLYE
- Does Fly-E Group, Inc. have an economic moat?
- Based on its FY2025 SEC filings, the Moat Index scores Fly-E Group, Inc. (FLYE) 56.4 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 46, pricing power 69, returns on capital 88, balance-sheet safety 55, capital discipline 24.
- Is FLYE trading below the conservative owner-earnings estimate?
- The owner-earnings value range is $3.11–$3.11 per share. It capitalizes normalized owner earnings at a 9% rate; the low end assumes 0% growth and the high end uses 0% growth, capped at 4% and 18×. Versus a recent price of $1.85, that is 41% below high estimate relative to the high estimate. This is a conservative educational estimate from primary SEC filings, not intrinsic value as a fact or investment advice.
- How has FLYE's Moat Score changed over time?
- The record logs 5 readings since Jul 18, 2026; the latest reads 56.4 out of 100 (shallow moat). No tier changes on record yet. (A methodology upgrade on Jul 20, 2026 re-based the score; readings across engine versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.