Cineverse Corp. (CNVS) intrinsic value & 10-year financials
Cineverse Corp. (CNVS) has a Graham intrinsic value of $5.31 per share. At $1.61 on Oct 17, 2026, the stock trades 70% below that value. Over the last 10 fiscal years revenue shrank 3.2% a year to $78.2M, with an average return on invested capital of 19.3%.
- Graham intrinsic value
- $5.31
- Share price (Oct 17, 2026)
- $1.61
- Price vs Graham value
- 70% below
- Market cap
- $28.7M
- Revenue (FY2025)
- $78.2M
- Revenue growth (10-yr CAGR)
- -3.2%
- ROIC (10-yr avg)
- 19.3%
- Free cash flow (FY2025)
- —
CNVS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $78.2M | $3.8M | $0.16 | — | 10.1% | 28.7% |
| FY2024 | $49.1M | -$21.3M | -$1.78 | -$11.7M | -32.0% | -50.1% |
| FY2023 | $68.0M | -$9.7M | -$1.13 | -$9.5M | -13.1% | -28.0% |
| FY2022 | $56.1M | $2.3M | $0.01 | $4.6M | -1.7% | -4.9% |
| FY2021 | $600.0K | -$62.8M | -$0.49 | -$26.5M | -2245.5% | 211.4% |
| FY2020 | $1.4M | -$14.7M | -$0.34 | — | -310.6% | 75.2% |
| FY2019 | $53.5M | -$16.2M | — | — | -10.5% | -29.1% |
| FY2018 | $67.7M | -$18.5M | — | — | 1.1% | 1.7% |
| FY2017 | $90.4M | -$15.1M | — | — | 7.5% | 8.4% |
| FY2016 | $104.4M | -$41.7M | — | — | -20.2% | -20.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Cineverse Corp. is facing top-line stagnation, with revenue contracting over the decade.
Cineverse Corp. has historically struggled to out-earn its cost of capital, averaging just -1.7% ROIC.
Cineverse Corp. 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, Cineverse Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.31 per share.