Fatpipe Inc. (FATN) intrinsic value & 10-year financials
Fatpipe Inc. (FATN) has a Graham intrinsic value of $4.80 per share. At $5.00 on Oct 17, 2026, the stock trades 4% above that value. Over the last 4 fiscal years revenue grew 3.7% a year to $19.2M, with an average return on invested capital of 20.6%.
- Graham intrinsic value
- $4.80
- Share price (Oct 17, 2026)
- $5.00
- Price vs Graham value
- 4% above
- Market cap
- $70.0M
- Revenue (FY2026)
- $19.2M
- Revenue growth (4-yr CAGR)
- 3.7%
- ROIC (10-yr avg)
- 20.6%
- Free cash flow (FY2026)
- -$832.9K
FATN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $19.2M | $5.0M | $0.35 | -$832.9K | 18.7% | 15.9% |
| FY2025 | $16.3M | $2.0M | $0.15 | -$520.9K | 21.3% | 13.0% |
| FY2024 | $17.9M | $4.4M | $0.35 | -$382.6K | 31.6% | 33.0% |
| FY2023 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Fatpipe Inc/UT revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Fatpipe Inc/UT has earned high returns on invested capital, averaging 20.6% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Fatpipe Inc/UT 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, Fatpipe Inc/UT is modeled at 3.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.80 per share.