New Concept Energy, Inc. (GBR) intrinsic value & 10-year financials
New Concept Energy, Inc. (GBR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 16.2% a year to $155.0K, with an average return on invested capital of -27.3%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.72
- Market cap
- $3.7K
- Revenue (FY2025)
- $155.0K
- Revenue growth (10-yr CAGR)
- -16.2%
- ROIC (10-yr avg)
- -27.3%
- Free cash flow (FY2025)
- —
GBR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $155.0K | -$46.0K | -$0.01 | — | -171.0% | -1.0% |
| FY2024 | $146.0K | -$18.0K | -$0.01 | -$84.0K | -162.3% | -0.4% |
| FY2023 | $152.0K | -$21.0K | -$0.01 | $11.0K | -159.9% | -0.5% |
| FY2022 | $212.0K | $181.0K | $0.04 | — | -76.4% | -3.6% |
| FY2021 | $101.0K | $70.0K | $0.01 | — | -332.7% | -7.5% |
| FY2020 | $101.0K | $1.9M | — | — | -363.4% | -10.3% |
| FY2019 | $590.0K | -$2.4M | — | $301.0K | -473.4% | -75.8% |
| FY2018 | $682.0K | -$484.0K | — | — | -75.5% | -19.2% |
| FY2017 | $791.0K | -$3.2M | — | $202.0K | -413.4% | -136.5% |
| FY2016 | $764.0K | $48.0K | — | -$366.0K | -100.7% | -18.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
New Concept Energy, Inc. is facing top-line stagnation, with revenue contracting over the decade.
New Concept Energy, Inc. has historically struggled to out-earn its cost of capital, averaging just -27.3% ROIC.
New Concept Energy, Inc. 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, New Concept Energy, Inc. is modeled at -16.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.83 per share.