Hawkeye Digital, Inc. (HWKE) intrinsic value & 10-year financials

Hawkeye Digital, Inc. (HWKE) has a Graham intrinsic value of $1.15 per share. At $0.80 on Oct 17, 2026, the stock trades 30% below that value.

Graham intrinsic value
$1.15
Share price (Oct 17, 2026)
$0.80
Price vs Graham value
30% below
Market cap
$7.0M
Revenue (FY2025)
—
Revenue growth (9-yr CAGR)
-15.3%
ROIC (10-yr avg)
-9.1%
Free cash flow (FY2025)
—

HWKE 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$523.3K -$0.06 — — 9.5%
FY2024 $0 -$578.7K -$0.08 — — 14.6%
FY2023 $0 -$1.2M — — — 48.4%
FY2022 $0 -$1.3M — — — 76.1%
FY2021 $2.6M -$4.7M — — -101.8% 462.9%
FY2020 $3.0M -$2.6M — — -39.4% -384.2%
FY2019 $0 -$1.9M — -$721.3K — -290.9%
FY2018 — -$42.4K — — — -9.0%
FY2017 — — — — — —

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

Executive summary

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

Hawkeye Systems, Inc. has earned high returns on invested capital, averaging 17.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Hawkeye Systems, 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, Hawkeye Systems, Inc. is modeled at -15.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.15 per share.

HWKE stock: frequently asked questions

What is the intrinsic value of Hawkeye Digital, Inc. (HWKE) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -15.3% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, HWKE's intrinsic value is about $1.15 per share.

Is HWKE stock undervalued?

At $0.80 (close on Oct 17, 2026), HWKE trades 30% below its Graham value of $1.15. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

What is HWKE's return on invested capital?

Average ROIC over the last 9 fiscal years was -9.1%, and average return on equity was -29.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this HWKE data come from?

From Hawkeye Digital, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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