Intercure Ltd. (INCR) intrinsic value & 10-year financials
Intercure Ltd. (INCR) has a Graham intrinsic value of $32.88 per share. Over the last 7 fiscal years revenue grew 93.0% a year to $238.8M, with an average return on invested capital of -3.1%.
- Graham intrinsic value
- $32.88
- Revenue (FY2024)
- $238.8M
- Revenue growth (7-yr CAGR)
- 93.0%
- ROIC (10-yr avg)
- -3.1%
- Free cash flow (FY2024)
- -$71.3M
INCR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $238.8M | -$72.8M | -$1.48 | -$71.3M | -28.1% | -10.9% |
| FY2023 | $355.6M | -$63.5M | -$1.36 | -$56.2M | -11.7% | -8.0% |
| FY2022 | $388.7M | $43.7M | $0.99 | $31.5M | 13.0% | 11.7% |
| FY2021 | $219.7M | $7.3M | $0.11 | $11.0M | 12.8% | 4.7% |
| FY2020 | $65.0M | -$36.0M | -$1.42 | -$13.0M | -59.0% | -14.2% |
| FY2019 | $8.9M | -$5.9M | -$0.25 | -$39.7M | -38.3% | -2.2% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Intercure Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Intercure Ltd. has historically struggled to out-earn its cost of capital, averaging just -3.3% ROIC.
Intercure Ltd. 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, Intercure Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $32.88 per share.