MindWalk Holdings Corp. (HYFT) intrinsic value & 10-year financials

MindWalk Holdings Corp. (HYFT) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue grew 8.2% a year to CAD 24.5M, with an average return on invested capital of -57.4%.

Graham intrinsic value
—
Revenue (FY2025)
CAD 24.5M
Revenue growth (5-yr CAGR)
8.2%
ROIC (10-yr avg)
-57.4%
Free cash flow (FY2025)
-CAD 7.2M

HYFT 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 CAD 24.5M -CAD 30.2M -CAD 0.91 -CAD 7.2M — -105.1%
FY2024 CAD 24.5M -CAD 27.2M -CAD 1.06 -CAD 5.6M — -59.3%
FY2023 CAD 20.7M -CAD 26.6M -CAD 1.07 -CAD 21.3M — -39.9%
FY2022 CAD 19.4M -CAD 16.7M -CAD 0.85 -CAD 11.0M — -25.3%
FY2021 — — — — — —

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

Executive summary

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

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

MindWalk Holdings 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, MindWalk Holdings Corp. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-19.23 per share.

HYFT stock: frequently asked questions

What is the intrinsic value of MindWalk Holdings Corp. (HYFT) stock?

Graham's formula only works with positive earnings. MindWalk Holdings Corp. reported diluted EPS of -CAD 0.91 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does MindWalk Holdings Corp. generate free cash flow?

MindWalk Holdings Corp. generated -CAD 7.2M 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 HYFT's return on invested capital?

Average ROIC over the last 5 fiscal years was -57.4%, and average return on equity was -57.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this HYFT data come from?

From MindWalk Holdings Corp.'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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