Data Storage Corp. (DTST) intrinsic value & 10-year financials

Data Storage Corp. (DTST) has a Graham intrinsic value of $87.69 per share. At $3.01 on Oct 17, 2026, the stock trades 97% below that value. Over the last 10 fiscal years revenue shrank 12.0% a year to $1.4M, with an average return on invested capital of -8.8%.

Graham intrinsic value
$87.69
Share price (Oct 17, 2026)
$3.01
Price vs Graham value
97% below
Market cap
$21.9M
Revenue (FY2025)
$1.4M
Revenue growth (10-yr CAGR)
-12.0%
ROIC (10-yr avg)
-8.8%
Free cash flow (FY2025)
-$3.2M

DTST 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.4M $19.2M $2.64 -$3.2M -258.4% -15.6%
FY2024 $25.4M $523.2K $0.07 -$60.3K 0.3% 0.4%
FY2023 $25.0M $381.6K $0.05 $2.3M -0.7% 2.1%
FY2022 $23.9M -$4.4M -$0.64 $536.5K -17.1% -31.0%
FY2021 $14.9M $267.8K $0.03 -$816.5K -5.2% -6.1%
FY2020 $9.3M $200.0K $0.00 $929.6K -0.0% 7.9%
FY2019 $8.5M $69.9K $0.00 $759.3K 2.4% 2.0%
FY2018 $8.9M $259.8K $0.00 — 3.8% 14.7%
FY2017 $8.3M -$188.5K $0.00 — -1.0% -10.7%
FY2016 $4.4M -$893.4K — — -13.7% -51.6%

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

Executive summary

Data Storage Corp is facing top-line stagnation, with revenue contracting over the decade.

Data Storage Corp has historically struggled to out-earn its cost of capital, averaging just -8.8% ROIC.

Data Storage Corp 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, Data Storage Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $87.69 per share.

DTST stock: frequently asked questions

What is the intrinsic value of Data Storage Corp. (DTST) 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, DTST's intrinsic value is about $87.69 per share.

Is DTST stock undervalued?

At $3.01 (close on Oct 17, 2026), DTST trades 97% below its Graham value of $87.69. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has Data Storage Corp. grown?

Revenue went from $4.4M in fiscal 2016 to $1.4M in fiscal 2025, a compound annual growth rate of -12.0%. Net income was $19.2M in fiscal 2025.

Does Data Storage Corp. generate free cash flow?

Data Storage Corp. generated -$3.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 7 reported years.

What is DTST's return on invested capital?

Average ROIC over the last 10 fiscal years was -8.8%, and average return on equity was 1.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this DTST data come from?

From Data Storage Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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