Cbak Energy Technology Ltd. (CBAT) intrinsic value & 10-year financials
Cbak Energy Technology Ltd. (CBAT) has a Graham intrinsic value of $4.32 per share. At $1.03 on Oct 17, 2026, the stock trades 76% below that value. Over the last 10 fiscal years revenue grew 38.6% a year to $195.2M, with an average return on invested capital of -459.7%.
- Graham intrinsic value
- $4.32
- Share price (Oct 17, 2026)
- $1.03
- Price vs Graham value
- 76% below
- Market cap
- $91.9M
- Revenue (FY2025)
- $195.2M
- Revenue growth (10-yr CAGR)
- 38.6%
- ROIC (10-yr avg)
- -459.7%
- Free cash flow (FY2025)
- $3.9M
CBAT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $195.2M | -$9.4M | -$0.10 | $3.9M | -9.4% | -12.8% |
| FY2024 | $176.6M | $11.8M | $0.13 | $22.5M | 5.0% | 6.2% |
| FY2023 | $204.4M | -$2.4M | -$0.03 | $15.4M | -3.5% | -3.1% |
| FY2022 | $248.7M | -$9.4M | -$0.11 | $2.7M | -4.6% | -7.8% |
| FY2021 | $52.7M | $61.6M | $0.70 | -$23.5M | -22.2% | -12.3% |
| FY2020 | $37.6M | -$7.8M | -$0.13 | -$10.8M | -22.6% | -14.4% |
| FY2019 | $22.2M | -$10.8M | — | -$23.7M | -45.5% | -3419.5% |
| FY2018 | $24.4M | -$1.9M | — | $1.4M | -55.0% | -146.5% |
| FY2017 | $58.4M | -$21.5M | -$0.92 | -$5.8M | -36.3% | -906.1% |
| FY2016 | $10.4M | -$12.7M | -$0.71 | -$19.8M | -116.9% | -80.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CBAK Energy Technology, Inc. is a consistent compounder, expanding top-line revenue at 38.6% annually over the past decade.
CBAK Energy Technology, Inc. has historically struggled to out-earn its cost of capital, averaging just -31.4% ROIC.
CBAK Energy Technology, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CBAK Energy Technology, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.32 per share.