Spectral Capital Corp. (FCCN) intrinsic value & 10-year financials

Spectral Capital Corp. (FCCN) has a Graham intrinsic value of $0.33 per share. At $2.30 on Oct 17, 2026, the stock trades 597% above that value. Over the last 10 fiscal years revenue grew 571.1% a year to $21.8M, with an average return on invested capital of 113.2%.

Graham intrinsic value
$0.33
Share price (Oct 17, 2026)
$2.30
Price vs Graham value
597% above
Market cap
$175.7M
Revenue (FY2025)
$21.8M
Revenue growth (10-yr CAGR)
571.1%
ROIC (10-yr avg)
113.2%
Free cash flow (FY2025)
-$1.5M

FCCN 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $21.8M $918.4K $0.01 -$1.5M -13.4% -14.1%
FY2024 $0 -$3.3M -$0.06 -$1.7M — 373.4%
FY2023 $0 -$215.4K — — — 533.1%
FY2022 $98.3K -$241.0K -$0.01 — — 47.7%
FY2021 $0 -$172.2K -$0.00 — — 18.0%
FY2020 $48 -$167.8K — — — 21.4%
FY2019 $239 -$177.8K — — -74872.4% 29.2%
FY2018 $0 -$177.5K — — — 41.1%
FY2017 $0 -$189.6K — — — 45.0%
FY2016 — -$183.5K — — — 36.8%

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

Executive summary

SPECTRAL CAPITAL Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

SPECTRAL CAPITAL Corp has earned high returns on invested capital, averaging 23.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

SPECTRAL CAPITAL 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, SPECTRAL CAPITAL Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.33 per share.

FCCN stock: frequently asked questions

What is the intrinsic value of Spectral Capital Corp. (FCCN) 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, FCCN's intrinsic value is about $0.33 per share.

Is FCCN stock undervalued?

At $2.30 (close on Oct 17, 2026), FCCN trades 597% above its Graham value of $0.33. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

Does Spectral Capital Corp. generate free cash flow?

Spectral Capital Corp. generated -$1.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 2 reported years.

What is FCCN's return on invested capital?

Average ROIC over the last 10 fiscal years was 113.2%, and average return on equity was 158.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this FCCN data come from?

From Spectral Capital Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Jun 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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