Covista Inc. (CVSA) intrinsic value & 10-year financials

Covista Inc. (CVSA) has a Graham intrinsic value of $233.84 per share. At $126.75 on Oct 17, 2026, the stock trades 46% below that value. Over the last 10 fiscal years revenue grew 32.9% a year to $2.0B, with an average return on invested capital of 8.4%.

Graham intrinsic value
$233.84
Share price (Oct 17, 2026)
$126.75
Price vs Graham value
46% below
Market cap
$4.5B
Revenue (FY2026)
$2.0B
Revenue growth (10-yr CAGR)
32.9%
ROIC (10-yr avg)
8.4%
Free cash flow (FY2026)
$392.7M

CVSA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $2.0B $251.6M $7.04 $392.7M 19.6% 15.1%
FY2025 $1.8B $237.1M $6.18 $287.6M 19.1% 13.6%
FY2024 $1.6B $136.8M $3.39 $246.9M 13.7% 9.1%
FY2023 $1.5B $93.4M $2.05 $165.9M 11.6% 7.2%
FY2022 $1.4B $317.7M $6.57 -$20.6M 5.8% 3.8%
FY2021 $1.1B $76.9M $1.49 $143.5M 14.5% 7.3%
FY2020 $1.1B -$85.3M -$1.58 $63.6M 13.5% 9.6%
FY2019 $1.2B $95.2M $1.60 $140.1M 12.6% 8.0%
FY2018 $160.5M $33.8M $0.54 $172.7M — 2.3%
FY2017 $151.6M $122.3M $1.91 $179.0M — 7.9%

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

Executive summary

Covista Inc. is a consistent compounder, expanding top-line revenue at 32.8% annually over the past decade.

Covista Inc. returns on capital have been average, hovering around 8.4% ROIC over the decade.

Over the decade, Covista Inc. shows that management has aggressively returned capital to shareholders by retiring 44.2% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Covista Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $233.84 per share.

CVSA stock: frequently asked questions

What is the intrinsic value of Covista Inc. (CVSA) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, CVSA's intrinsic value is about $233.84 per share.

Is CVSA stock undervalued?

At $126.75 (close on Oct 17, 2026), CVSA trades 46% below its Graham value of $233.84. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Covista Inc. grown?

Revenue went from $151.6M in fiscal 2017 to $2.0B in fiscal 2026, a compound annual growth rate of 32.9%. Net income was $251.6M in fiscal 2026.

Does Covista Inc. generate free cash flow?

Covista Inc. generated $392.7M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 9 of the last 10 reported years.

What is CVSA's return on invested capital?

Average ROIC over the last 10 fiscal years was 8.4%, and average return on equity was 8.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this CVSA data come from?

From Covista Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 6, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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