Interlink Electronics Inc. (LINK) intrinsic value & 10-year financials

Interlink Electronics Inc. (LINK) has a Graham intrinsic value of $1.39 per share. At $4.16 on Oct 17, 2026, the stock trades 199% above that value. Over the last 10 fiscal years revenue grew 0.0% a year to $11.9M, with an average return on invested capital of -4.2%.

Graham intrinsic value
$1.39
Share price (Oct 17, 2026)
$4.16
Price vs Graham value
199% above
Market cap
$62.1M
Revenue (FY2025)
$11.9M
Revenue growth (10-yr CAGR)
0.0%
ROIC (10-yr avg)
-4.2%
Free cash flow (FY2025)
-$168.0K

LINK 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $11.9M -$1.6M -$0.13 -$168.0K -15.4% -21.4%
FY2024 $11.7M -$2.0M -$0.24 -$544.0K -17.6% -24.0%
FY2023 $13.9M -$383.0K -$0.08 -$239.0K -3.1% -7.0%
FY2022 $7.5M $1.7M $0.19 -$957.0K -8.9% -19.9%
FY2021 $7.5M -$734.0K -$0.12 $72.0K -1.1% -3.2%
FY2020 $6.9M $113.0K $0.02 $32.0K 1.6% 3.7%
FY2019 $7.3M -$457.0K -$0.07 -$139.0K -2.9% -7.6%
FY2018 — — — — — —
FY2017 $11.2M $1.3M — $1.7M 19.2% 12.2%
FY2016 $11.9M $2.9M — $1.7M 24.0% 29.7%

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

Executive summary

INTERLINK ELECTRONICS INC is facing top-line stagnation, with revenue contracting over the decade.

INTERLINK ELECTRONICS INC has historically struggled to out-earn its cost of capital, averaging just -4.2% ROIC.

INTERLINK ELECTRONICS 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, INTERLINK ELECTRONICS INC is modeled at 0.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.39 per share.

LINK stock: frequently asked questions

What is the intrinsic value of Interlink Electronics Inc. (LINK) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 0.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, LINK's intrinsic value is about $1.39 per share.

Is LINK stock undervalued?

At $4.16 (close on Oct 17, 2026), LINK trades 199% above its Graham value of $1.39. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Interlink Electronics Inc. grown?

Revenue went from $11.9M in fiscal 2016 to $11.9M in fiscal 2025, a compound annual growth rate of 0.0%. Net income was -$1.6M in fiscal 2025.

Does Interlink Electronics Inc. generate free cash flow?

Interlink Electronics Inc. generated -$168.0K of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 4 of the last 9 reported years.

What is LINK's return on invested capital?

Average ROIC over the last 10 fiscal years was -4.2%, and average return on equity was 0.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LINK data come from?

From Interlink Electronics Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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