Imac Holdings, Inc. (BACK) intrinsic value & 10-year financials

Imac Holdings, Inc. (BACK) has a Graham intrinsic value of $484.72 per share. Over the last 8 fiscal years revenue shrank 53.0% a year to $72.0K, with an average return on invested capital of -21.8%.

Graham intrinsic value
$484.72
Share price (Oct 17, 2026)
$0.00
Market cap
$942
Revenue (FY2024)
$72.0K
Revenue growth (8-yr CAGR)
-53.0%
ROIC (10-yr avg)
-21.8%
Free cash flow (FY2024)
—

BACK 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $72.0K -$9.0M -$5.76 — -7804.7% 253.1%
FY2023 — -$9.4M -$8.47 — — -101.6%
FY2022 $16.2M -$18.3M -$19.43 -$10.6M -112.9% -149.4%
FY2021 $14.4M -$10.5M — -$8.3M -70.2% -74.1%
FY2020 $12.8M -$5.0M — -$6.1M -50.4% -35.7%
FY2019 $15.1M -$6.5M — -$5.3M -40.9% -120.5%
FY2018 $6.7M -$3.1M — -$3.4M -53.0% 75.5%
FY2017 — — — — — —

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

Executive summary

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

IMAC Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -57.6% ROIC.

IMAC Holdings, 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, IMAC Holdings, Inc. is modeled at -53.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $484.72 per share.

BACK stock: frequently asked questions

What is the intrinsic value of Imac Holdings, Inc. (BACK) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -53.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, BACK's intrinsic value is about $484.72 per share.

What is BACK's return on invested capital?

Average ROIC over the last 8 fiscal years was -21.8%, and average return on equity was -99.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BACK data come from?

From Imac Holdings, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Dec 17, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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