Gulf RESOURCES, Inc. (GURE) intrinsic value & 10-year financials
Gulf RESOURCES, Inc. (GURE) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 28.8% a year to $7.7M, with an average return on invested capital of -7.5%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $3.12
- Market cap
- $3.4M
- Revenue (FY2024)
- $7.7M
- Revenue growth (10-yr CAGR)
- -28.8%
- ROIC (10-yr avg)
- -7.5%
- Free cash flow (FY2024)
- -$59.9M
GURE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $7.7M | -$58.9M | -$54.88 | -$59.9M | -277.8% | -14.8% |
| FY2023 | $30.0M | -$61.8M | -$58.16 | — | -39.6% | -7.6% |
| FY2022 | $66.1M | $10.1M | — | $13.6M | 24.9% | 5.3% |
| FY2021 | $55.0M | -$924.7K | — | -$6.8M | 9.5% | 1.3% |
| FY2020 | $28.2M | -$8.4M | — | -$12.4M | -34.3% | -4.7% |
| FY2019 | $10.6M | -$25.8M | — | -$75.9M | -219.8% | -16.1% |
| FY2018 | $2.6M | -$70.0M | -$1.49 | -$17.9M | -3219.8% | -60.2% |
| FY2017 | $107.5M | $2.6M | $0.05 | $44.8M | 10.4% | 1.5% |
| FY2016 | $149.3M | $36.2M | $0.78 | $38.2M | 32.0% | 10.5% |
| FY2015 | $162.3M | $34.1M | $0.74 | $47.5M | 27.8% | 10.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GULF RESOURCES, INC. is facing top-line stagnation, with revenue contracting over the decade.
GULF RESOURCES, INC. has historically struggled to out-earn its cost of capital, averaging just -13.8% ROIC.
Over the decade, GULF RESOURCES, INC. shows that management has aggressively returned capital to shareholders by retiring 97.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GULF RESOURCES, INC. is modeled at -28.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2.12 per share.