Charlie's Holdings, Inc. (CHUC) intrinsic value & 10-year financials
Charlie's Holdings, Inc. (CHUC) has a Graham intrinsic value of $0.66 per share. At $0.10 on Oct 17, 2026, the stock trades 85% below that value. Over the last 10 fiscal years revenue grew 26.2% a year to $20.9M, with an average return on invested capital of 180.1%.
- Graham intrinsic value
- $0.66
- Share price (Oct 17, 2026)
- $0.10
- Price vs Graham value
- 85% below
- Market cap
- $28.0M
- Revenue (FY2025)
- $20.9M
- Revenue growth (10-yr CAGR)
- 26.2%
- ROIC (10-yr avg)
- 180.1%
- Free cash flow (FY2025)
- -$5.8M
CHUC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $20.9M | $4.5M | $0.02 | -$5.8M | -10.4% | -155.1% |
| FY2024 | $8.5M | -$4.2M | -$0.02 | — | -40.6% | -309.6% |
| FY2023 | $16.2M | -$2.1M | -$0.01 | — | -13.6% | -69.0% |
| FY2022 | $26.4M | -$1.6M | -$0.01 | -$1.9M | -6.8% | -47.6% |
| FY2021 | $21.5M | $4.8M | $0.01 | -$1.5M | 2.6% | -75.8% |
| FY2020 | $16.7M | -$7.2M | -$0.04 | -$3.4M | -40.6% | 225.0% |
| FY2019 | $22.7M | -$2.1M | $0.00 | -$2.6M | -25.3% | 532.6% |
| FY2018 | $1.9M | -$3.9M | $0.00 | -$3.1M | -549.1% | 704.3% |
| FY2017 | $3.8M | -$12.4M | — | — | -377.8% | 605.4% |
| FY2016 | $2.6M | -$5.4M | — | -$5.7M | -321.7% | 390.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Charlie's Holdings, Inc. is a consistent compounder, expanding top-line revenue at 26.2% annually over the past decade.
Charlie's Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -17.2% ROIC.
Charlie's Holdings, 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, Charlie's Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.66 per share.