LivaNova PLC (LIVN) intrinsic value & 10-year financials
LivaNova PLC (LIVN) has a Graham intrinsic value of $16.75 per share. At $77.58 on Oct 17, 2026, the stock trades 363% above that value. Over the last 10 fiscal years revenue grew 4.1% a year to $1.4B, with an average return on invested capital of -2.0%.
- Graham intrinsic value
- $16.75
- Share price (Oct 17, 2026)
- $77.58
- Price vs Graham value
- 363% above
- Market cap
- $4.2B
- Revenue (FY2025)
- $1.4B
- Revenue growth (10-yr CAGR)
- 4.1%
- ROIC (10-yr avg)
- -2.0%
- Free cash flow (FY2025)
- $173.3M
LIVN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.4B | -$242.5M | -$4.45 | $173.3M | 14.4% | 15.7% |
| FY2024 | $1.3B | $63.2M | $1.16 | $135.9M | 10.3% | 5.8% |
| FY2023 | $1.2B | $17.5M | $0.32 | $39.9M | -5.9% | -2.1% |
| FY2022 | $1.0B | -$86.2M | -$1.61 | $43.4M | -7.5% | -5.3% |
| FY2021 | $1.0B | -$135.8M | -$2.68 | $77.1M | -0.1% | -0.1% |
| FY2020 | $934.2M | -$345.0M | -$7.10 | -$114.4M | -28.9% | -16.5% |
| FY2019 | $1.1B | -$155.2M | -$3.21 | -$115.8M | -15.6% | -8.5% |
| FY2018 | $1.1B | -$189.4M | -$3.91 | $82.5M | -22.4% | -10.6% |
| FY2017 | $1.0B | -$25.1M | -$0.52 | $57.2M | 9.5% | 2.7% |
| FY2016 | $964.9M | -$62.8M | -$1.29 | $53.7M | -2.9% | -1.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LivaNova PLC has demonstrated mature, steady growth, with revenue compounding at 4.1% annually over the past decade.
LivaNova PLC has historically struggled to out-earn its cost of capital, averaging just -2.1% ROIC.
LivaNova PLC 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, LivaNova PLC is modeled at 4.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $16.75 per share.