iWallet Corp. (IWAL) intrinsic value & 10-year financials

iWallet Corp. (IWAL) has a Graham intrinsic value of $5.56 per share. At $0.02 on Oct 17, 2026, the stock trades 100% below that value. Over the last 10 fiscal years revenue shrank 34.9% a year to $0, with an average return on invested capital of -43.3%.

Graham intrinsic value
$5.56
Share price (Oct 17, 2026)
$0.02
Price vs Graham value
100% below
Market cap
$177.2K
Revenue (FY2025)
$0
Revenue growth (10-yr CAGR)
-34.9%
ROIC (10-yr avg)
-43.3%
Free cash flow (FY2025)
—

IWAL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $0 -$1.1M — — — 162.3%
FY2024 $0 -$108.1K — — — 18.3%
FY2023 $0 -$267.9K — — — 37.7%
FY2022 $10.1K -$106.7K — — -362.6% 12.5%
FY2021 $69.4K -$346.8K — — -293.6% 44.1%
FY2020 $0 -$70.2K — — — 9.5%
FY2019 — — — — — —
FY2014 $154.6K -$2.4M — — — -954.3%
FY2013 $85.8K -$226.9K — — — 141.1%
FY2012 $0 -$137.7K — — — 139.2%

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

Executive summary

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

iWallet Corp has earned high returns on invested capital, averaging 43.8% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

iWallet Corp 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, iWallet Corp is modeled at -34.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.56 per share.

IWAL stock: frequently asked questions

What is the intrinsic value of iWallet Corp. (IWAL) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -34.9% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, IWAL's intrinsic value is about $5.56 per share.

Is IWAL stock undervalued?

At $0.02 (close on Oct 17, 2026), IWAL trades 100% below its Graham value of $5.56. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has iWallet Corp. grown?

Revenue went from $0 in fiscal 2012 to $0 in fiscal 2025, a compound annual growth rate of -34.9%. Net income was -$1.1M in fiscal 2025.

What is IWAL's return on invested capital?

Average ROIC over the last 10 fiscal years was -43.3%, and average return on equity was -43.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this IWAL data come from?

From iWallet Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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