Keel Infrastructure Corp. (KEEL) intrinsic value & 10-year financials
Keel Infrastructure Corp. (KEEL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue grew 38.0% a year to $229.3M, with an average return on invested capital of -17.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $2.31
- Market cap
- $1.3B
- Revenue (FY2025)
- $229.3M
- Revenue growth (4-yr CAGR)
- 38.0%
- ROIC (10-yr avg)
- -17.1%
- Free cash flow (FY2025)
- -$326.9M
KEEL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $229.3M | -$284.5M | -$0.52 | -$326.9M | -65.2% | -24.1% |
| FY2024 | $133.3M | -$28.4M | -$0.07 | -$428.6M | -21.0% | -6.8% |
| FY2023 | $120.4M | -$55.5M | -$0.21 | -$155.3M | -41.5% | -20.3% |
| FY2022 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Keel Infrastructure Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Keel Infrastructure Corp. has historically struggled to out-earn its cost of capital, averaging just -17.1% ROIC.
Keel Infrastructure 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, Keel Infrastructure Corp. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-17.27 per share.