Inneova Holdings Ltd. (INEO) intrinsic value & 10-year financials

Inneova Holdings Ltd. (INEO) has a Graham intrinsic value of $2.37 per share. At $0.53 on Oct 27, 2026, the stock trades 78% below that value. Over the last 5 fiscal years revenue grew 4.3% a year to $58.4M, with an average return on invested capital of 28.3%.

Graham intrinsic value
$2.37
Share price (Oct 27, 2026)
$0.53
Price vs Graham value
78% below
Market cap
$7.7M
Revenue (FY2025)
$58.4M
Revenue growth (5-yr CAGR)
4.3%
ROIC (10-yr avg)
28.3%
Free cash flow (FY2025)
$4.4M

INEO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $58.4M -$397.0K -$0.03 $4.4M -0.1% -0.1%
FY2024 $58.3M $8.0K $0.16 $1.9M 1.3% 1.6%
FY2023 $59.5M $1.6M $0.18 $1.2M 4.2% 11.0%
FY2022 $51.4M $1.5M $0.00 -$2.3M 3.1% 100.7%
FY2021 — — — — — —

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

Executive summary

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

INNEOVA Holdings Ltd has historically struggled to out-earn its cost of capital, averaging just 4.2% ROIC.

INNEOVA Holdings 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, INNEOVA Holdings Ltd is modeled at 4.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $2.37 per share.

INEO stock: frequently asked questions

What is the intrinsic value of Inneova Holdings Ltd. (INEO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 4.3% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, INEO's intrinsic value is about $2.37 per share.

Is INEO stock undervalued?

At $0.53 (close on Oct 27, 2026), INEO trades 78% below its Graham value of $2.37. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Inneova Holdings Ltd. generate free cash flow?

Inneova Holdings Ltd. generated $4.4M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 4 reported years.

What is INEO's return on invested capital?

Average ROIC over the last 5 fiscal years was 28.3%, and average return on equity was 46.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this INEO data come from?

From Inneova Holdings Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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