BASANITE, Inc. (BASA) intrinsic value & 10-year financials

BASANITE, Inc. (BASA) has a Graham intrinsic value of $0.28 per share. At $0.02 on Oct 17, 2026, the stock trades 93% below that value.

Graham intrinsic value
$0.28
Share price (Oct 17, 2026)
$0.02
Price vs Graham value
93% below
Market cap
$4.4M
Revenue (FY2024)
—
Revenue growth (10-yr CAGR)
-20.6%
ROIC (10-yr avg)
499.9%
Free cash flow (FY2024)
—

BASA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 — -$1.7M -$0.01 — — 21.7%
FY2023 — -$2.2M -$0.01 — — 34.0%
FY2022 — -$8.0M -$0.03 -$3.0M — 274.5%
FY2021 — -$16.5M — -$6.9M — -7582.8%
FY2020 — -$4.2M — -$3.1M — 4228.1%
FY2019 — -$4.3M — -$3.0M — 7010.7%
FY2018 $87.8K -$5.9M — -$1.4M -3869.5% 483.8%
FY2017 $9.7K -$2.9M — -$2.8M -24333.2% 259.7%
FY2016 $394.2K -$3.7M — -$379.7K -594.9% 215.4%
FY2015 $175.2K -$730.5K — — -240.2% 54.0%

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

Executive summary

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

BASANITE, INC. has earned high returns on invested capital, averaging 15.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

BASANITE, 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, BASANITE, INC. is modeled at -20.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.28 per share.

BASA stock: frequently asked questions

What is the intrinsic value of BASANITE, Inc. (BASA) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -20.6% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, BASA's intrinsic value is about $0.28 per share.

Is BASA stock undervalued?

At $0.02 (close on Oct 17, 2026), BASA trades 93% below its Graham value of $0.28. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is BASA's return on invested capital?

Average ROIC over the last 10 fiscal years was 499.9%, and average return on equity was 838.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BASA data come from?

From BASANITE, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Nov 25, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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