Ai Financial Corp. (AIFC) intrinsic value & 10-year financials
Ai Financial Corp. (AIFC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 16.9% a year to $24.8M, with an average return on invested capital of -64.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.35
- Market cap
- $20.4M
- Revenue (FY2025)
- $24.8M
- Revenue growth (10-yr CAGR)
- -16.9%
- ROIC (10-yr avg)
- -64.4%
- Free cash flow (FY2025)
- -$7.2M
AIFC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $24.8M | -$344.5M | -$5.91 | -$7.2M | -92.0% | -3.1% |
| FY2024 | $12.5M | -$6.2M | -$0.11 | — | -60.3% | -91.9% |
| FY2023 | $0 | -$7.8M | -$0.39 | — | — | -424.6% |
| FY2022 | $39.6M | $11.0M | $0.70 | -$3.9M | 13.2% | 56.4% |
| FY2021 | $33.9M | -$8.5M | -$0.92 | -$1.1M | -26.6% | -98.4% |
| FY2019 | $35.1M | -$12.0M | -$1.36 | -$3.7M | -35.4% | -62.0% |
| FY2018 | $36.8M | -$5.6M | -$0.15 | $3.7M | -16.6% | -24.8% |
| FY2017 | $36.4M | -$378.0K | $0.00 | $1.2M | -0.6% | -0.6% |
| FY2016 | $103.6M | -$1.8M | -$0.05 | $2.3M | -0.5% | -3.7% |
| FY2015 | $130.9M | $795.0K | $0.03 | $2.8M | 1.9% | 8.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AI Financial Corp is facing top-line stagnation, with revenue contracting over the decade.
AI Financial Corp has historically struggled to out-earn its cost of capital, averaging just -22.4% ROIC.
AI Financial Corp has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AI Financial Corp is modeled at -16.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-15.19 per share.