Delcath SYSTEMS, Inc. (DCTH) intrinsic value & 10-year financials
Delcath SYSTEMS, Inc. (DCTH) has a Graham intrinsic value of $2.33 per share. At $14.08 on Oct 17, 2026, the stock trades 504% above that value. Over the last 10 fiscal years revenue grew 51.8% a year to $85.2M, with an average return on invested capital of 659.2%.
- Graham intrinsic value
- $2.33
- Share price (Oct 17, 2026)
- $14.08
- Price vs Graham value
- 504% above
- Market cap
- $562.1M
- Revenue (FY2025)
- $85.2M
- Revenue growth (10-yr CAGR)
- 51.8%
- ROIC (10-yr avg)
- 659.2%
- Free cash flow (FY2025)
- $21.0M
DCTH 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $85.2M | $2.7M | $0.07 | $21.0M | 0.8% | 1.0% |
| FY2024 | $37.2M | -$26.4M | -$0.93 | -$19.2M | -33.4% | -49.1% |
| FY2023 | $2.1M | -$47.7M | -$2.94 | -$31.3M | -1849.0% | -494.6% |
| FY2022 | $2.7M | -$36.5M | -$4.12 | -$25.2M | -1245.1% | 797.9% |
| FY2021 | $3.6M | -$25.6M | -$3.59 | -$22.7M | -690.0% | 294.0% |
| FY2020 | — | -$24.2M | -$8.35 | -$23.6M | — | 191.8% |
| FY2019 | — | -$8.9M | -$3.06 | -$23.7M | — | 118.4% |
| FY2018 | — | -$19.2M | -$0.01 | -$14.8M | — | 155.1% |
| FY2017 | $2.7M | -$45.1M | -$0.02 | -$15.9M | -669.1% | 4474.1% |
| FY2016 | $2.0M | -$18.0M | — | -$14.5M | -825.3% | 1103.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DELCATH SYSTEMS, INC. is a consistent compounder, expanding top-line revenue at 51.8% annually over the past decade.
DELCATH SYSTEMS, INC. returns on capital have been average, hovering around 10.0% ROIC over the decade.
DELCATH SYSTEMS, 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, DELCATH SYSTEMS, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.33 per share.