HeartSciences Inc. (HSCS) intrinsic value & 10-year financials

HeartSciences Inc. (HSCS) has a Graham intrinsic value of $364.99 per share. At $3.02 on Oct 17, 2026, the stock trades 99% below that value. Over the last 6 fiscal years revenue shrank 26.0% a year to $4.3K, with an average return on invested capital of 168.8%.

Graham intrinsic value
$364.99
Share price (Oct 17, 2026)
$3.02
Price vs Graham value
99% below
Market cap
$2.8M
Revenue (FY2026)
$4.3K
Revenue growth (6-yr CAGR)
-26.0%
ROIC (10-yr avg)
168.8%
Free cash flow (FY2026)
-$7.4M

HSCS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $4.3K -$9.1M — -$7.4M -194787.4% -391.6%
FY2025 $4.3K -$8.8M -$9.34 -$7.4M -192013.1% -378.2%
FY2024 $18.6K -$6.6M -$19.00 -$6.1M -33902.0% -518.0%
FY2023 $5.2K -$6.4M -$0.80 -$5.8M -118698.3% 1596.9%
FY2022 $14.4K -$4.8M -$1.45 -$3.6M -32765.6% 535.1%
FY2021 — — — — — —

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

Executive summary

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

HeartSciences Inc. has historically struggled to out-earn its cost of capital, averaging just 1.7% ROIC.

HeartSciences 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, HeartSciences Inc. is modeled at -26.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $364.99 per share.

HSCS stock: frequently asked questions

What is the intrinsic value of HeartSciences Inc. (HSCS) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -26.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, HSCS's intrinsic value is about $364.99 per share.

Is HSCS stock undervalued?

At $3.02 (close on Oct 17, 2026), HSCS trades 99% below its Graham value of $364.99. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does HeartSciences Inc. generate free cash flow?

HeartSciences Inc. generated -$7.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 0 of the last 5 reported years.

What is HSCS's return on invested capital?

Average ROIC over the last 6 fiscal years was 168.8%, and average return on equity was -861.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this HSCS data come from?

From HeartSciences Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 23, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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