Brazil Potash Corp. (GRO) intrinsic value & 10-year financials

Brazil Potash Corp. (GRO) has a Graham intrinsic value of $26.00 per share.

Graham intrinsic value
$26.00
Revenue (FY2025)
—
ROIC (10-yr avg)
-27.1%
Free cash flow (FY2025)
-$13.2M

GRO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$52.2M $1.23 -$13.2M — -37.4%
FY2024 — -$46.4M $1.28 -$11.3M — -35.2%
FY2023 — -$13.2M $0.37 -$8.2M — -10.3%
FY2022 — -$32.6M $0.93 -$8.2M — -25.4%
FY2021 — — — — — —

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

Executive summary

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

Brazil Potash Corp. 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.

Brazil Potash 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, Brazil Potash Corp. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $26.00 per share.

GRO stock: frequently asked questions

What is the intrinsic value of Brazil Potash Corp. (GRO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, GRO's intrinsic value is about $26.00 per share.

Does Brazil Potash Corp. generate free cash flow?

Brazil Potash Corp. generated -$13.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 4 reported years.

What is GRO's return on invested capital?

Average ROIC over the last 5 fiscal years was -27.1%, and average return on equity was -26.5%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this GRO data come from?

From Brazil Potash Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Apr 7, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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