Decoy Therapeutics Inc. (DCOY) intrinsic value & 10-year financials

Decoy Therapeutics Inc. (DCOY) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$1.17
Market cap
$113.5K
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
12.7%
ROIC (10-yr avg)
-122.2%
Free cash flow (FY2025)
-$5.4M

DCOY 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$12.5M -$129.10 -$5.4M — -340.9%
FY2024 — -$5.6M -$5.79 -$4.5M — -164.0%
FY2023 — -$12.5M -$3.84 — — -160.1%
FY2022 $0 -$31.6M -$14.88 — — -128.7%
FY2021 $1.8M -$12.8M -$0.31 -$10.2M -696.3% -41.9%
FY2020 $5.2M -$7.4M -$0.50 -$10.3M -148.8% -44.9%
FY2019 $3.5M -$6.9M — -$11.6M -238.5% -83.2%
FY2018 $838.1K -$21.9M — -$23.6M -2633.7% -114.2%
FY2017 $1.3M -$34.4M — -$27.8M -2724.6% -77.9%
FY2016 $1.0M -$39.5M — -$32.6M -3946.5% -66.6%

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

Executive summary

Decoy Therapeutics Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Decoy Therapeutics Inc. has historically struggled to out-earn its cost of capital, averaging just -56.4% ROIC.

Decoy Therapeutics Inc. 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, Decoy Therapeutics Inc. is modeled at 12.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-3782.48 per share.

DCOY stock: frequently asked questions

What is the intrinsic value of Decoy Therapeutics Inc. (DCOY) stock?

Graham's formula only works with positive earnings. Decoy Therapeutics Inc. reported diluted EPS of -$129.10 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Decoy Therapeutics Inc. generate free cash flow?

Decoy Therapeutics Inc. generated -$5.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 8 reported years.

What is DCOY's return on invested capital?

Average ROIC over the last 10 fiscal years was -122.2%, and average return on equity was -120.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DCOY data come from?

From Decoy Therapeutics Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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