Kaanapali Land LLC (KANP) intrinsic value & 10-year financials

Kaanapali Land LLC (KANP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 29.2% a year to $375.0K, with an average return on invested capital of -3.5%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$29.70
Market cap
$54.8M
Revenue (FY2025)
$375.0K
Revenue growth (10-yr CAGR)
-29.2%
ROIC (10-yr avg)
-3.5%
Free cash flow (FY2025)
-$7.5M

KANP 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $375.0K -$3.7M -$2.02 -$7.5M -1433.6% -5.4%
FY2024 $300.0K -$1.1M -$0.59 -$5.8M -2514.7% -7.6%
FY2023 $2.3M $3.7M $2.01 $6.3M 2.2% 0.1%
FY2022 $7.7M $2.9M $1.55 $2.6M 6.7% 0.6%
FY2021 $3.6M $245.0K $0.13 -$1.4M 1.2% 0.0%
FY2020 $3.4M -$3.7M -$2.03 -$6.1M -162.8% -5.5%
FY2019 $4.2M -$3.6M — -$5.5M — -4.4%
FY2018 $6.4M -$2.9M — -$2.0M — -3.5%
FY2017 $16.0M $10.7M — $9.2M — 13.3%
FY2016 $8.4M -$16.7M — -$1.2M — -22.1%

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

Executive summary

KAANAPALI LAND LLC is facing top-line stagnation, with revenue contracting over the decade.

KAANAPALI LAND LLC has historically struggled to out-earn its cost of capital, averaging just -3.5% ROIC.

KAANAPALI LAND LLC 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, KAANAPALI LAND LLC is modeled at -29.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-86.53 per share.

KANP stock: frequently asked questions

What is the intrinsic value of Kaanapali Land LLC (KANP) stock?

Graham's formula only works with positive earnings. Kaanapali Land LLC reported diluted EPS of -$2.02 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Kaanapali Land LLC grown?

Revenue went from $8.4M in fiscal 2016 to $375.0K in fiscal 2025, a compound annual growth rate of -29.2%. Net income was -$3.7M in fiscal 2025.

Does Kaanapali Land LLC generate free cash flow?

Kaanapali Land LLC generated -$7.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 10 reported years.

What is KANP's return on invested capital?

Average ROIC over the last 10 fiscal years was -3.5%, and average return on equity was -1.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this KANP data come from?

From Kaanapali Land LLC's annual 10-K filings on SEC EDGAR, most recently filed May 13, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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