Acorn ENERGY, Inc. (ACFN) intrinsic value & 10-year financials
Acorn ENERGY, Inc. (ACFN) has a Graham intrinsic value of $32.88 per share. At $18.33 on Oct 17, 2026, the stock trades 44% below that value. Over the last 10 fiscal years revenue grew 3.2% a year to $11.5M, with an average return on invested capital of 7.2%.
- Graham intrinsic value
- $32.88
- Share price (Oct 17, 2026)
- $18.33
- Price vs Graham value
- 44% below
- Market cap
- $46.5M
- Revenue (FY2025)
- $11.5M
- Revenue growth (10-yr CAGR)
- 3.2%
- ROIC (10-yr avg)
- 7.2%
- Free cash flow (FY2025)
- —
ACFN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $11.5M | $2.5M | $0.99 | — | 17.3% | 42.5% |
| FY2024 | $11.0M | $6.3M | $2.51 | — | 17.6% | -88.5% |
| FY2023 | $8.1M | $119.0K | $0.05 | — | 0.9% | -3.1% |
| FY2022 | $7.0M | -$633.0K | -$0.00 | — | -9.0% | 30.9% |
| FY2021 | $6.8M | -$21.0K | — | — | -0.1% | 1.1% |
| FY2020 | $5.9M | $69.0K | — | — | -5.2% | -3.9% |
| FY2019 | $5.5M | -$618.0K | — | — | -12.7% | 45.7% |
| FY2018 | $5.1M | -$2.0M | — | — | -27.0% | 461.6% |
| FY2017 | $4.3M | -$1.2M | — | — | -43.9% | -212.0% |
| FY2016 | $8.7M | $145.0K | — | -$4.6M | -35.3% | -202.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ACORN ENERGY, INC. has demonstrated mature, steady growth, with revenue compounding at 3.2% annually over the past decade.
ACORN ENERGY, INC. has historically struggled to out-earn its cost of capital, averaging just 3.5% ROIC.
Over the decade, ACORN ENERGY, INC. shows that management has aggressively returned capital to shareholders by retiring 99.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ACORN ENERGY, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $32.88 per share.