Atlantic American Corp. (AAME) intrinsic value & 10-year financials
Atlantic American Corp. (AAME) has a Graham intrinsic value of $0.59 per share. At $1.05 on Oct 17, 2026, the stock trades 78% above that value. Over the last 10 fiscal years revenue grew 1.4% a year to $188.2M, with an average return on invested capital of -0.2%.
- Graham intrinsic value
- $0.59
- Share price (Oct 17, 2026)
- $1.05
- Price vs Graham value
- 78% above
- Market cap
- $21.4M
- Revenue (FY2024)
- $188.2M
- Revenue growth (10-yr CAGR)
- 1.4%
- ROIC (10-yr avg)
- -0.2%
- Free cash flow (FY2024)
- $4.6M
AAME 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $188.2M | -$4.3M | -$0.23 | $4.6M | -2.6% | -3.9% |
| FY2023 | $186.8M | -$171.0K | -$0.03 | $2.5M | 0.8% | 0.7% |
| FY2022 | $187.9M | $1.5M | $0.06 | $6.3M | 5.1% | 5.8% |
| FY2021 | $199.6M | $4.3M | $0.19 | $981.0K | -0.7% | -0.8% |
| FY2020 | $195.3M | $12.2M | $0.56 | $8.7M | 5.9% | 6.9% |
| FY2019 | $198.2M | -$386.0K | -$0.04 | -$1.9M | -3.8% | -6.5% |
| FY2018 | $185.6M | -$704.0K | — | $4.2M | -2.1% | -2.7% |
| FY2017 | $181.1M | $4.5M | — | $2.5M | -2.1% | -2.9% |
| FY2016 | $166.1M | $2.6M | — | $920.0K | 0.6% | 0.7% |
| FY2015 | $165.9M | $4.4M | — | $1.9M | 0.5% | 0.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ATLANTIC AMERICAN CORP has demonstrated mature, steady growth, with revenue compounding at 1.4% annually over the past decade.
ATLANTIC AMERICAN CORP has historically struggled to out-earn its cost of capital, averaging just -0.2% ROIC.
ATLANTIC AMERICAN CORP capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ATLANTIC AMERICAN CORP is modeled at 1.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.59 per share.