StealthGas Inc. (GASS) intrinsic value & 10-year financials
StealthGas Inc. (GASS) has a Graham intrinsic value of $54.47 per share. At $8.09 on Oct 27, 2026, the stock trades 85% below that value. Over the last 10 fiscal years revenue grew 2.7% a year to $173.2M, with an average return on invested capital of 2.9%.
- Graham intrinsic value
- $54.47
- Share price (Oct 27, 2026)
- $8.09
- Price vs Graham value
- 85% below
- Market cap
- $290.4M
- Revenue (FY2025)
- $173.2M
- Revenue growth (10-yr CAGR)
- 2.7%
- ROIC (10-yr avg)
- 2.9%
- Free cash flow (FY2025)
- $84.8M
GASS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $173.2M | $60.6M | $1.64 | $84.8M | 31.8% | 9.9% |
| FY2024 | $167.3M | $69.9M | $1.90 | -$2.7M | 35.8% | 11.4% |
| FY2023 | $143.5M | $51.9M | $1.37 | $77.4M | 31.9% | 7.8% |
| FY2022 | $152.8M | $34.3M | $0.90 | $42.3M | 21.4% | 4.6% |
| FY2021 | $150.2M | -$35.1M | -$0.93 | $15.8M | -20.6% | -4.3% |
| FY2020 | $145.0M | $12.0M | $0.31 | $4.0M | 16.1% | 1.4% |
| FY2019 | $144.3M | $2.1M | — | $27.8M | 15.0% | 0.2% |
| FY2018 | $164.3M | -$12.3M | -$0.31 | -$70.5M | 6.4% | -1.4% |
| FY2017 | $152.3M | -$1.2M | — | -$8.3M | 10.2% | -0.1% |
| FY2016 | $136.5M | -$7.8M | — | -$20.1M | 5.2% | -0.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
StealthGas Inc. has demonstrated mature, steady growth, with revenue compounding at 2.7% annually over the past decade.
StealthGas Inc. has historically struggled to out-earn its cost of capital, averaging just 2.9% ROIC.
StealthGas Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, StealthGas Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $54.47 per share.