Sealsq Corp. (LAES) intrinsic value & 10-year financials
Sealsq Corp. (LAES) has a Graham intrinsic value of $62.43 per share. Over the last 7 fiscal years revenue grew 5.0% a year to $18.3M, with an average return on invested capital of 611.7%.
- Graham intrinsic value
- $62.43
- Revenue (FY2025)
- $18.3M
- Revenue growth (7-yr CAGR)
- 5.0%
- ROIC (10-yr avg)
- 611.7%
- Free cash flow (FY2025)
- -$32.0M
LAES 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $18.3M | -$34.2M | — | -$32.0M | -218.1% | -159.1% |
| FY2024 | $11.0M | -$21.2M | -$0.60 | -$11.8M | -156.6% | 3407.5% |
| FY2023 | $30.1M | -$3.3M | -$0.21 | -$6.1M | -13.8% | 324.8% |
| FY2022 | $23.2M | $5.8M | $3.92 | -$1.9M | 11.1% | -30.3% |
| FY2021 | $17.0M | -$4.8M | -$3.72 | -$3.6M | -29.7% | 35.6% |
| FY2020 | $14.3M | -$9.2M | -$7.09 | -$3.1M | -60.0% | 91.6% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SEALSQ Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
SEALSQ Corp returns on capital have been average, hovering around 8.2% ROIC over the decade.
SEALSQ 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, SEALSQ Corp is modeled at 5.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $62.43 per share.