Inspired Entertainment, Inc. (INSE) intrinsic value & 10-year financials
Inspired Entertainment, Inc. (INSE) has a Graham intrinsic value of $73.74 per share. At $3.27 on Oct 17, 2026, the stock trades 96% below that value. Over the last 10 fiscal years revenue grew 22.9% a year to $304.1M, with an average return on invested capital of 15.2%.
- Graham intrinsic value
- $73.74
- Share price (Oct 17, 2026)
- $3.27
- Price vs Graham value
- 96% below
- Market cap
- $95.0M
- Revenue (FY2025)
- $304.1M
- Revenue growth (10-yr CAGR)
- 22.9%
- ROIC (10-yr avg)
- 15.2%
- Free cash flow (FY2025)
- $16.3M
INSE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $304.1M | -$17.0M | -$0.58 | $16.3M | 10.0% | 9.9% |
| FY2024 | $297.1M | $64.8M | $2.22 | $14.7M | 10.3% | 11.9% |
| FY2023 | $323.0M | $7.6M | $0.26 | $12.7M | 12.4% | 11.9% |
| FY2022 | $285.4M | $22.3M | $0.77 | $13.5M | 17.1% | 22.3% |
| FY2021 | $208.9M | -$36.7M | -$1.60 | -$5.4M | -0.3% | -2.3% |
| FY2020 | $199.8M | -$29.2M | -$1.45 | $37.5M | 3.2% | -6.1% |
| FY2019 | $153.4M | -$37.0M | -$1.88 | $20.2M | 8.5% | 124.1% |
| FY2018 | $141.4M | -$20.6M | $0.59 | $9.4M | -5.2% | -7.4% |
| FY2017 | $122.5M | -$49.1M | — | $3.1M | -9.7% | -11.0% |
| FY2016 | $47.7M | -$59.9M | — | $9.2M | -2.7% | -1.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Inspired Entertainment, Inc. is a consistent compounder, expanding top-line revenue at 22.8% annually over the past decade.
Inspired Entertainment, Inc. has earned high returns on invested capital, averaging 15.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Inspired Entertainment, Inc. 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, Inspired Entertainment, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $73.74 per share.