Brainsway Ltd. (BWAY) intrinsic value & 10-year financials
Brainsway Ltd. (BWAY) has a Graham intrinsic value of $1.66 per share. Over the last 9 fiscal years revenue grew 20.5% a year to $41.0M, with an average return on invested capital of -223.7%.
- Graham intrinsic value
- $1.66
- Revenue (FY2024)
- $41.0M
- Revenue growth (9-yr CAGR)
- 20.5%
- ROIC (10-yr avg)
- -223.7%
- Free cash flow (FY2024)
- —
BWAY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $41.0M | $2.9M | $0.05 | — | 3.4% | 2.3% |
| FY2023 | $31.8M | -$4.2M | -$0.13 | — | -15.6% | -11.4% |
| FY2022 | $27.2M | -$13.3M | -$0.40 | — | -46.7% | -24.7% |
| FY2021 | $29.7M | -$6.5M | -$0.21 | -$1.4M | -16.9% | -13.0% |
| FY2020 | $22.1M | -$5.4M | — | -$3.9M | -21.9% | -22.0% |
| FY2019 | $23.1M | -$10.3M | — | -$10.6M | -36.7% | -1037.5% |
| FY2018 | $16.4M | -$6.5M | — | -$5.7M | -31.2% | -625.9% |
| FY2017 | $11.1M | -$7.1M | — | -$4.5M | -59.3% | -57.5% |
| FY2016 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Brainsway Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Brainsway Ltd. has historically struggled to out-earn its cost of capital, averaging just -8.3% ROIC.
Brainsway 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, Brainsway Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.66 per share.