Element Solutions Inc. (ESI) intrinsic value & 10-year financials
Element Solutions Inc. (ESI) has a Graham intrinsic value of $25.60 per share. At $35.05 on Oct 17, 2026, the stock trades 37% above that value. Over the last 10 fiscal years revenue grew 4.2% a year to $2.6B, with an average return on invested capital of 4.8%.
- Graham intrinsic value
- $25.60
- Share price (Oct 17, 2026)
- $35.05
- Price vs Graham value
- 37% above
- Market cap
- $8.5B
- Revenue (FY2025)
- $2.6B
- Revenue growth (10-yr CAGR)
- 4.2%
- ROIC (10-yr avg)
- 4.8%
- Free cash flow (FY2025)
- $227.6M
ESI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.6B | $190.8M | $0.79 | $227.6M | 13.4% | 6.5% |
| FY2024 | $2.5B | $244.2M | $1.01 | $293.6M | 14.0% | 7.4% |
| FY2023 | $2.3B | $118.1M | $0.49 | $280.9M | 7.4% | 3.9% |
| FY2022 | $2.5B | $187.2M | $0.76 | $248.1M | 12.8% | 5.6% |
| FY2021 | $2.4B | $203.7M | $0.82 | $279.7M | 12.5% | 6.4% |
| FY2020 | $1.9B | $75.7M | $0.30 | $247.2M | 12.6% | 6.2% |
| FY2019 | $1.8B | $92.9M | $0.35 | $141.2M | 13.6% | 2.8% |
| FY2018 | $2.0B | -$324.4M | -$1.13 | -$29.2M | 12.7% | 3.3% |
| FY2017 | $1.9B | -$296.2M | -$1.04 | $122.7M | 11.8% | 2.9% |
| FY2016 | $1.8B | -$73.7M | -$0.65 | $128.5M | 14.3% | 3.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Element Solutions Inc has demonstrated mature, steady growth, with revenue compounding at 4.1% annually over the past decade.
Element Solutions Inc has historically struggled to out-earn its cost of capital, averaging just 4.8% ROIC.
Over the decade, Element Solutions Inc shows that management has aggressively returned capital to shareholders by retiring 11.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Element Solutions Inc is modeled at 14.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $25.60 per share.