American Superconductor Corp. /DE/ (AMSC) intrinsic value & 10-year financials
American Superconductor Corp. /DE/ (AMSC) has a Graham intrinsic value of $101.31 per share. At $25.67 on Oct 17, 2026, the stock trades 75% below that value. Over the last 10 fiscal years revenue grew 90.6% a year to $299.2M, with an average return on invested capital of -17.4%.
- Graham intrinsic value
- $101.31
- Share price (Oct 17, 2026)
- $25.67
- Price vs Graham value
- 75% below
- Market cap
- $1.1B
- Revenue (FY2026)
- $299.2M
- Revenue growth (10-yr CAGR)
- 90.6%
- ROIC (10-yr avg)
- -17.4%
- Free cash flow (FY2026)
- $18.3M
AMSC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $299.2M | $133.8M | $3.05 | $18.3M | 3.8% | 4.3% |
| FY2025 | $222.8M | $6.0M | $0.16 | $25.9M | -0.5% | -1.2% |
| FY2024 | $145.6M | -$11.1M | -$0.37 | $1.2M | -7.8% | -19.5% |
| FY2023 | $106.0M | -$35.0M | -$1.26 | -$23.7M | -31.1% | -49.9% |
| FY2022 | $108.4M | -$19.2M | -$0.00 | -$19.9M | -19.4% | -31.1% |
| FY2021 | $87.1M | -$22.7M | -$0.00 | -$10.4M | -26.6% | -43.6% |
| FY2020 | $63.8M | -$17.1M | -$0.00 | -$20.1M | -36.2% | -85.3% |
| FY2019 | $56.2M | $26.8M | $0.00 | $41.8M | 60.5% | 251.4% |
| FY2018 | $48.4M | -$32.8M | -$0.00 | -$27.4M | -66.4% | -120.6% |
| FY2017 | $900.0K | -$27.4M | -$0.00 | -$11.9M | -3060.2% | -78.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
AMERICAN SUPERCONDUCTOR CORP /DE/ is a consistent compounder, expanding top-line revenue at 90.6% annually over the past decade.
AMERICAN SUPERCONDUCTOR CORP /DE/ has historically struggled to out-earn its cost of capital, averaging just -42.3% ROIC.
Over the decade, AMERICAN SUPERCONDUCTOR CORP /DE/ shows that management has aggressively returned capital to shareholders by retiring 99.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, AMERICAN SUPERCONDUCTOR CORP /DE/ is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $101.31 per share.