Avita Medical, Inc. (AVHHL) intrinsic value & 10-year financials

Avita Medical, Inc. (AVHHL) has a Graham intrinsic value of AUD 46.50 per share. Over the last 10 fiscal years revenue grew 72.6% a year to AUD 70.9M, with an average return on invested capital of -890.4%.

Graham intrinsic value
AUD 46.50
Revenue (FY2025)
AUD 70.9M
Revenue growth (10-yr CAGR)
72.6%
ROIC (10-yr avg)
-890.4%
Free cash flow (FY2025)
-AUD 32.2M

AVHHL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 AUD 70.9M -AUD 48.6M -AUD 1.74 -AUD 32.2M -60.0% -158.2%
FY2024 AUD 63.9M -AUD 61.8M -AUD 2.39 -AUD 58.1M -88.6% -108.8%
FY2023 AUD 50.1M -AUD 35.4M AUD 1.40 -AUD 39.4M -85.1% -63.0%
FY2022 AUD 34.4M -AUD 26.7M AUD 1.07 -AUD 19.5M -79.9% -75.7%
FY2021 AUD 29.2M -AUD 26.6M AUD 1.17 -AUD 26.8M -90.8% -820.9%
FY2020 AUD 14.3M -AUD 42.0M AUD 2.07 -AUD 23.3M -299.2% -6285.6%
FY2019 AUD 5.5M -AUD 25.1M AUD 1.56 -AUD 20.3M -466.4% -145.7%
FY2018 AUD 929.0K -AUD 12.7M AUD 1.37 -AUD 13.3M -1489.9% -142.1%
FY2017 AUD 901.4K -AUD 11.5M -AUD 1.72 -AUD 9.0M — -213.5%
FY2016 — — — — — —

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

Executive summary

AVITA Medical, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

AVITA Medical, Inc. has historically struggled to out-earn its cost of capital, averaging just -53.4% ROIC.

AVITA Medical, 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, AVITA Medical, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $46.50 per share.

AVHHL stock: frequently asked questions

What is the intrinsic value of Avita Medical, Inc. (AVHHL) 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, AVHHL's intrinsic value is about AUD 46.50 per share.

Does Avita Medical, Inc. generate free cash flow?

Avita Medical, Inc. generated -AUD 32.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 9 reported years.

What is AVHHL's return on invested capital?

Average ROIC over the last 10 fiscal years was -890.4%, and average return on equity was -14.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this AVHHL data come from?

From Avita Medical, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

Similar surgical & medical instruments & apparatus stocks