Vaalco Energy Inc. /DE/ (EGY) intrinsic value & 10-year financials
Vaalco Energy Inc. /DE/ (EGY) has a Graham intrinsic value of $18.60 per share. At $6.20 on Oct 17, 2026, the stock trades 67% below that value. Over the last 10 fiscal years revenue grew 22.1% a year to $359.3M, with an average return on invested capital of -1273.8%.
- Graham intrinsic value
- $18.60
- Share price (Oct 17, 2026)
- $6.20
- Price vs Graham value
- 67% below
- Market cap
- $645.1M
- Revenue (FY2025)
- $359.3M
- Revenue growth (10-yr CAGR)
- 22.1%
- ROIC (10-yr avg)
- -1273.8%
- Free cash flow (FY2025)
- —
EGY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $359.3M | -$41.4M | -$0.40 | — | -5.7% | -4.1% |
| FY2024 | $479.0M | $58.5M | $0.56 | — | 28.5% | 14.6% |
| FY2023 | $455.1M | $60.4M | $0.56 | — | 34.9% | 16.8% |
| FY2022 | $354.3M | $51.9M | $0.73 | — | 48.3% | 28.4% |
| FY2021 | $199.1M | $81.8M | $1.37 | $27.6M | 39.7% | 132.4% |
| FY2020 | $67.2M | -$48.2M | -$0.83 | $23.1M | -40.6% | -50.3% |
| FY2019 | $84.5M | $2.6M | $0.04 | $16.1M | 25.1% | 12.4% |
| FY2018 | $104.9M | $98.2M | $1.62 | $23.0M | 48.9% | -12663.5% |
| FY2017 | $77.0M | $9.7M | $0.16 | $4.8M | 25.9% | -293.5% |
| FY2016 | $59.8M | -$26.6M | -$0.45 | -$12.2M | -7.3% | 68.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
VAALCO ENERGY INC /DE/ is a consistent compounder, expanding top-line revenue at 22.0% annually over the past decade.
VAALCO ENERGY INC /DE/ returns on capital have been average, hovering around 8.9% ROIC over the decade.
Over the decade, VAALCO ENERGY INC /DE/ shows that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, VAALCO ENERGY INC /DE/ is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $18.60 per share.