People Inc. (IAC) intrinsic value & 10-year financials

People Inc. (IAC) has a Graham intrinsic value of $17.63 per share. Over the last 9 fiscal years revenue shrank 0.8% a year to $2.4B, with an average return on invested capital of -3.7%.

Graham intrinsic value
$17.63
Revenue (FY2025)
$2.4B
Revenue growth (9-yr CAGR)
-0.8%
ROIC (10-yr avg)
-3.7%
Free cash flow (FY2025)
$44.8M

IAC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $2.4B -$104.0M -$1.30 $44.8M -4.1% -1.7%
FY2024 $3.8B -$539.9M -$6.49 $289.0M -0.1% -0.0%
FY2023 $4.4B $265.9M $2.97 $48.2M -6.0% -2.6%
FY2022 $5.2B -$1.2B -$13.55 -$222.5M -9.1% -5.0%
FY2021 $3.7B $597.5M $6.31 $28.7M -3.7% -1.9%
FY2020 $3.0B $269.7M $2.97 $93.0M -18.8% -18.6%
FY2019 $2.7B $22.9M $0.27 $153.9M -1.9% -1.2%
FY2018 $2.5B $292.4M $2.90 $314.8M 1.4% 1.4%
FY2017 — — — — — —

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

Executive summary

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

People Inc has historically struggled to out-earn its cost of capital, averaging just -3.7% ROIC.

People 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, People Inc is modeled at -0.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.63 per share.

IAC stock: frequently asked questions

What is the intrinsic value of People Inc. (IAC) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -0.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, IAC's intrinsic value is about $17.63 per share.

Does People Inc. generate free cash flow?

People Inc. generated $44.8M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 7 of the last 8 reported years.

What is IAC's return on invested capital?

Average ROIC over the last 9 fiscal years was -3.7%, and average return on equity was 0.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this IAC data come from?

From People Inc.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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