Iveda Solutions, Inc. (IVDA) intrinsic value & 10-year financials
Iveda Solutions, Inc. (IVDA) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 5.2% a year to $5.3M, with an average return on invested capital of 71.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.23
- Market cap
- $833.3K
- Revenue (FY2025)
- $5.3M
- Revenue growth (10-yr CAGR)
- 5.2%
- ROIC (10-yr avg)
- 71.0%
- Free cash flow (FY2025)
- —
IVDA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $5.3M | -$3.2M | -$0.88 | — | -61.1% | -1275.0% |
| FY2024 | $6.0M | -$4.0M | -$1.81 | -$4.4M | -67.6% | -459.6% |
| FY2023 | $6.5M | -$3.2M | -$0.20 | -$3.5M | -52.5% | -357.1% |
| FY2022 | $4.5M | -$3.3M | -$0.26 | -$5.4M | -74.5% | 559.7% |
| FY2021 | $1.9M | -$3.0M | — | -$2.0M | -142.1% | 125.1% |
| FY2020 | $1.5M | -$1.6M | — | -$167.5K | -82.8% | 51.9% |
| FY2019 | — | — | — | — | — | — |
| FY2015 | $3.1M | -$3.8M | — | -$2.7M | -108.6% | 257.4% |
| FY2014 | $2.2M | -$5.7M | — | -$5.3M | -226.9% | 3108.8% |
| FY2013 | $3.3M | -$6.8M | — | -$3.8M | -203.3% | -1372.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Iveda Solutions, Inc. has demonstrated mature, steady growth, with revenue compounding at 5.2% annually over the past decade.
Iveda Solutions, Inc. has earned high returns on invested capital, averaging 20.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Iveda Solutions, 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, Iveda Solutions, Inc. is modeled at 5.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-14.35 per share.