Blue Line Protection Group, Inc. (BLPG) intrinsic value & 10-year financials

Blue Line Protection Group, Inc. (BLPG) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 5.8% a year to $4.4M, with an average return on invested capital of 53.7%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.04
Market cap
$797.7K
Revenue (FY2024)
$4.4M
Revenue growth (10-yr CAGR)
5.8%
ROIC (10-yr avg)
53.7%
Free cash flow (FY2024)
$262.5K

BLPG 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $4.4M $241.7K $0.01 $262.5K 7.9% -30.7%
FY2023 $4.4M $351.2K $0.01 $628.3K 17.3% -21.6%
FY2022 $3.9M -$294.5K -$0.02 $335.7K 2.1% 12.7%
FY2021 $4.7M $1.8M $0.07 $837.4K 27.0% -44.5%
FY2020 $4.1M -$934.6K -$0.06 $423.8K 19.2% 21.4%
FY2019 $4.1M -$1.6M $0.00 -$422.7K -7.5% 45.3%
FY2018 $4.1M -$1.3M -$0.00 -$1.1M -20.4% 33.5%
FY2017 $3.9M -$2.7M — -$755.1K -26.6% 99.0%
FY2016 $2.8M -$2.4M — -$1.5M -71.0% 665.2%
FY2015 $2.6M -$1.3M -$0.00 -$686.0K -45.1% -242.9%

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

Executive summary

Blue Line Protection Group, Inc. has demonstrated mature, steady growth, with revenue compounding at 5.8% annually over the past decade.

Blue Line Protection Group, Inc. returns on capital have been average, hovering around 11.9% ROIC over the decade.

Over the decade, Blue Line Protection Group, Inc. shows that management has aggressively returned capital to shareholders by retiring 97.1% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Blue Line Protection Group, Inc. is modeled at -47.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.75 per share.

BLPG stock: frequently asked questions

What is the intrinsic value of Blue Line Protection Group, Inc. (BLPG) stock?

Graham's formula only works with positive earnings. Blue Line Protection Group, Inc. reported diluted EPS of $0.01 in fiscal 2024, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Blue Line Protection Group, Inc. grown?

Revenue went from $2.6M in fiscal 2015 to $4.4M in fiscal 2024, a compound annual growth rate of 5.8%. Net income was $241.7K in fiscal 2024.

Does Blue Line Protection Group, Inc. generate free cash flow?

Blue Line Protection Group, Inc. generated $262.5K of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 5 of the last 10 reported years.

What is BLPG's return on invested capital?

Average ROIC over the last 10 fiscal years was 53.7%, and average return on equity was 144.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this BLPG data come from?

From Blue Line Protection Group, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 6, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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