Hongchang International Co., Ltd. (HCIL) intrinsic value & 10-year financials
Hongchang International Co., Ltd. (HCIL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 1.1% a year to $2.9M, with an average return on invested capital of -190.7%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.01
- Market cap
- $3.0M
- Revenue (FY2024)
- $2.9M
- Revenue growth (10-yr CAGR)
- -1.1%
- ROIC (10-yr avg)
- -190.7%
- Free cash flow (FY2024)
- -$11.4M
HCIL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $2.9M | -$472.4K | $0.00 | -$11.4M | -13.4% | -0.8% |
| FY2023 | $2.7M | -$378.8K | $0.00 | -$39.8M | -17.5% | -2.1% |
| FY2022 | $79.0K | -$265.6K | $0.00 | — | -336.6% | 15.7% |
| FY2021 | $96.5K | -$163.0K | $0.00 | — | -168.8% | 12.1% |
| FY2020 | $222.7K | -$548.4K | — | — | -125.2% | 55.3% |
| FY2019 | $163.7K | -$488.4K | — | — | -328.8% | 76.5% |
| FY2018 | — | -$247.8K | — | — | — | 170.1% |
| FY2017 | — | -$54.1K | $0.00 | — | — | 100.0% |
| FY2016 | $188.2K | -$158.5K | $0.00 | — | -153.0% | -100.0% |
| FY2015 | $3.2M | -$3.5M | -$0.04 | — | -50.2% | -2234.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Hongchang International Co., Ltd is facing top-line stagnation, with revenue contracting over the decade.
Hongchang International Co., Ltd returns on capital have been average, hovering around 13.6% ROIC over the decade.
Hongchang International Co., Ltd 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, Hongchang International Co., Ltd is modeled at -1.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.00 per share.