Advanced Flower Capital Inc. (AFCG) intrinsic value & 10-year financials

Advanced Flower Capital Inc. (AFCG) has a Graham intrinsic value of $25.91 per share. At $3.09 on Oct 17, 2026, the stock trades 88% below that value. Over the last 6 fiscal years revenue grew 121.0% a year to $24.6M, with an average return on invested capital of 5.0%.

Graham intrinsic value
$25.91
Share price (Oct 17, 2026)
$3.09
Price vs Graham value
88% below
Market cap
$68.9M
Revenue (FY2025)
$24.6M
Revenue growth (6-yr CAGR)
121.0%
ROIC (10-yr avg)
5.0%
Free cash flow (FY2025)
—

AFCG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $24.6M -$20.7M -$0.95 — — -11.0%
FY2024 $45.7M $16.8M $0.78 — — 6.4%
FY2023 $64.2M $21.0M $1.02 — — 6.4%
FY2022 $74.7M $35.9M $1.79 — — 11.7%
FY2021 $1.0M $21.0M $1.52 — — 11.5%
FY2020 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

Advanced Flower Capital Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Advanced Flower Capital Inc. has historically struggled to out-earn its cost of capital, averaging just 5.0% ROIC.

Advanced Flower Capital Inc. 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, Advanced Flower Capital Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $25.91 per share.

AFCG stock: frequently asked questions

What is the intrinsic value of Advanced Flower Capital Inc. (AFCG) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, AFCG's intrinsic value is about $25.91 per share.

Is AFCG stock undervalued?

At $3.09 (close on Oct 17, 2026), AFCG trades 88% below its Graham value of $25.91. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is AFCG's return on invested capital?

Average ROIC over the last 6 fiscal years was 5.0%, and average return on equity was 5.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AFCG data come from?

From Advanced Flower Capital Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.