Dogness (International) Corp. (DOGZ) intrinsic value & 10-year financials
Dogness (International) Corp. (DOGZ) has a Graham intrinsic value of $1.22 per share. Over the last 10 fiscal years revenue grew 2.8% a year to $20.7M, with an average return on invested capital of 8.0%.
- Graham intrinsic value
- $1.22
- Revenue (FY2025)
- $20.7M
- Revenue growth (10-yr CAGR)
- 2.8%
- ROIC (10-yr avg)
- 8.0%
- Free cash flow (FY2025)
- -$453.1K
DOGZ 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $20.7M | -$5.1M | -$0.38 | -$453.1K | -32.8% | -6.4% |
| FY2024 | $14.8M | -$6.1M | -$0.55 | -$2.7M | -50.7% | -8.3% |
| FY2023 | $17.6M | -$7.2M | -$0.18 | -$10.4M | -54.4% | -9.9% |
| FY2022 | $27.1M | $3.2M | $0.10 | -$9.1M | 0.3% | 0.1% |
| FY2021 | $24.3M | $1.5M | $0.05 | $3.0M | 7.6% | 2.2% |
| FY2020 | $19.2M | -$8.4M | -$0.33 | -$3.0M | -45.5% | -15.5% |
| FY2019 | $26.2M | $1.4M | $0.05 | -$4.4M | 2.4% | 0.8% |
| FY2018 | $30.1M | $4.6M | $0.22 | -$9.9M | 19.7% | 14.1% |
| FY2017 | $21.2M | $4.9M | $0.33 | $1.9M | 27.4% | 41.6% |
| FY2016 | $16.1M | $3.5M | $0.23 | $2.7M | 22.6% | 61.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Dogness (International) Corp has demonstrated mature, steady growth, with revenue compounding at 2.8% annually over the past decade.
Dogness (International) Corp has historically struggled to out-earn its cost of capital, averaging just 2.1% ROIC.
Over the decade, Dogness (International) Corp shows that management has aggressively returned capital to shareholders by retiring 10.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Dogness (International) Corp is modeled at 2.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.22 per share.