Bgin Blockchain Ltd. (BGIN) intrinsic value & 10-year financials
Bgin Blockchain Ltd. (BGIN) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue shrank 73.7% a year to $15.3M, with an average return on invested capital of -12.8%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $15.3M
- Revenue growth (4-yr CAGR)
- -73.7%
- ROIC (10-yr avg)
- -12.8%
- Free cash flow (FY2025)
- -$171.1M
BGIN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $15.3M | -$177.0M | -$1.62 | -$171.1M | -1154.4% | -285.6% |
| FY2024 | $192.2M | $66.1M | $0.61 | -$212.3M | 42.5% | 70.3% |
| FY2023 | $219.8M | $139.8M | $1.30 | -$38.0M | 79.0% | 177.0% |
| FY2022 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BGIN BLOCKCHAIN Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
BGIN BLOCKCHAIN Ltd has earned high returns on invested capital, averaging 23.1% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
BGIN BLOCKCHAIN Ltd 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, BGIN BLOCKCHAIN Ltd is modeled at -73.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-73.05 per share.