Goldgroup Mining Inc. (GORO) intrinsic value & 10-year financials
Goldgroup Mining Inc. (GORO) has a Graham intrinsic value of $1.19 per share. At $3.39 on Oct 17, 2026, the stock trades 185% above that value. Over the last 10 fiscal years revenue grew 2.0% a year to $99.8M, with an average return on invested capital of -5.2%.
- Graham intrinsic value
- $1.19
- Share price (Oct 17, 2026)
- $3.39
- Price vs Graham value
- 185% above
- Market cap
- $465.5M
- Revenue (FY2025)
- $99.8M
- Revenue growth (10-yr CAGR)
- 2.0%
- ROIC (10-yr avg)
- -5.2%
- Free cash flow (FY2025)
- $644.0K
GORO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $99.8M | -$6.5M | -$0.05 | $644.0K | -3.1% | -8.6% |
| FY2024 | $65.7M | -$56.5M | -$0.61 | -$8.2M | -71.9% | -76.2% |
| FY2023 | $97.7M | -$16.0M | -$0.18 | -$17.7M | -22.3% | -15.4% |
| FY2022 | $138.7M | -$6.3M | -$0.07 | -$4.1M | 1.6% | 1.0% |
| FY2021 | $125.2M | $8.0M | $0.11 | $14.2M | 14.1% | 13.5% |
| FY2020 | $90.7M | $4.4M | $0.06 | $8.4M | -0.8% | -0.4% |
| FY2019 | $135.4M | $5.8M | $0.09 | -$18.1M | 11.0% | 5.5% |
| FY2018 | $115.3M | $9.3M | $0.16 | -$17.8M | 14.4% | 8.7% |
| FY2017 | $110.2M | $4.2M | — | $10.2M | 25.9% | 15.5% |
| FY2016 | $83.2M | $4.4M | $0.08 | $2.8M | 10.3% | 4.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GOLD RESOURCE CORP has demonstrated mature, steady growth, with revenue compounding at 2.0% annually over the past decade.
GOLD RESOURCE CORP has historically struggled to out-earn its cost of capital, averaging just -5.2% ROIC.
GOLD RESOURCE CORP 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, GOLD RESOURCE CORP is modeled at 2.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.19 per share.