Alector, Inc. (ALEC) intrinsic value & 10-year financials
Alector, Inc. (ALEC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 28.3% a year to $21.0M, with an average return on invested capital of -95.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $1.84
- Market cap
- $189.5M
- Revenue (FY2025)
- $21.0M
- Revenue growth (10-yr CAGR)
- 28.3%
- ROIC (10-yr avg)
- -95.9%
- Free cash flow (FY2025)
- -$184.1M
ALEC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $21.0M | -$142.9M | -$1.39 | -$184.1M | -741.3% | -261.0% |
| FY2024 | $100.6M | -$119.0M | -$1.23 | -$231.2M | -144.2% | -133.3% |
| FY2023 | $97.1M | -$130.4M | -$1.56 | -$186.5M | -156.3% | -163.6% |
| FY2022 | $133.6M | -$133.3M | -$1.62 | -$24.4M | -103.2% | -258.2% |
| FY2021 | $207.1M | -$36.3M | -$0.45 | $295.3M | -18.0% | -27.4% |
| FY2020 | $21.1M | -$190.2M | -$2.45 | -$171.8M | -925.1% | -95.7% |
| FY2019 | $21.2M | -$105.4M | — | -$114.6M | -539.2% | -78.1% |
| FY2018 | $27.5M | -$52.2M | — | $125.6M | -208.3% | 69.9% |
| FY2017 | $2.9M | -$32.5M | — | -$18.6M | -1137.8% | 84.4% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Alector, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Alector, Inc. has historically struggled to out-earn its cost of capital, averaging just -48.8% ROIC.
Alector, 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, Alector, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-46.17 per share.