Alpha & Omega Semiconductor Ltd. (AOSL) intrinsic value & 10-year financials
Alpha & Omega Semiconductor Ltd. (AOSL) has a Graham intrinsic value of $8.88 per share. At $21.75 on Oct 17, 2026, the stock trades 145% above that value. Over the last 10 fiscal years revenue grew 8.4% a year to $696.2M, with an average return on invested capital of 4.0%.
- Graham intrinsic value
- $8.88
- Share price (Oct 17, 2026)
- $21.75
- Price vs Graham value
- 145% above
- Market cap
- $639.6M
- Revenue (FY2025)
- $696.2M
- Revenue growth (10-yr CAGR)
- 8.4%
- ROIC (10-yr avg)
- 4.0%
- Free cash flow (FY2025)
- -$7.5M
AOSL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $696.2M | -$97.0M | -$3.30 | -$7.5M | -4.1% | -3.5% |
| FY2024 | $657.3M | -$11.1M | -$0.39 | -$11.4M | -0.6% | -0.5% |
| FY2023 | $691.3M | $12.4M | $0.42 | -$90.0M | 3.3% | 2.2% |
| FY2022 | $777.6M | $453.2M | $16.07 | $80.9M | 13.1% | 19.1% |
| FY2021 | $656.9M | $58.1M | $2.13 | $56.0M | 9.8% | 18.7% |
| FY2020 | $464.9M | -$6.6M | -$0.27 | -$83.0K | -3.0% | -5.5% |
| FY2019 | $450.9M | $1.9M | $0.08 | — | -1.6% | -2.0% |
| FY2018 | $421.6M | $14.3M | $0.57 | — | 2.0% | 4.5% |
| FY2017 | $383.3M | $13.8M | $0.56 | — | 3.4% | 6.7% |
| FY2016 | $335.7M | -$2.9M | -$0.13 | $18.3M | 0.4% | 0.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ALPHA & OMEGA SEMICONDUCTOR Ltd is a consistent compounder, expanding top-line revenue at 8.4% annually over the past decade.
ALPHA & OMEGA SEMICONDUCTOR Ltd has historically struggled to out-earn its cost of capital, averaging just 4.0% ROIC.
ALPHA & OMEGA SEMICONDUCTOR Ltd 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, ALPHA & OMEGA SEMICONDUCTOR Ltd is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $8.88 per share.