Cheniere Energy, Inc. (LNG) intrinsic value & 10-year financials
Cheniere Energy, Inc. (LNG) has a Graham intrinsic value of $801.49 per share. At $289.43 on Oct 16, 2026, the stock trades 64% below that value. Over the last 10 fiscal years revenue grew 35.3% a year to $19.5B, with an average return on invested capital of 13.9%.
- Graham intrinsic value
- $801.49
- Share price (Oct 16, 2026)
- $289.43
- Price vs Graham value
- 64% below
- Market cap
- $63.8B
- Revenue (FY2025)
- $19.5B
- Revenue growth (10-yr CAGR)
- 35.3%
- ROIC (10-yr avg)
- 13.9%
- Free cash flow (FY2025)
- $2.5B
LNG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $19.5B | $5.3B | $24.13 | $2.5B | 46.8% | 23.3% |
| FY2024 | $15.4B | $3.3B | $14.20 | $3.2B | 39.8% | 18.4% |
| FY2023 | $19.8B | $9.9B | $40.72 | $6.3B | 78.3% | 54.1% |
| FY2022 | $33.3B | $1.4B | $5.64 | $8.7B | 13.7% | 14.6% |
| FY2021 | $17.5B | -$2.3B | -$9.25 | $1.5B | -4.0% | -1.9% |
| FY2020 | $9.3B | -$85.0M | -$0.34 | -$574.0M | 28.3% | 9.0% |
| FY2019 | $9.2B | $648.0M | $2.51 | -$1.2B | 25.8% | 8.3% |
| FY2018 | $7.9B | $471.0M | $1.90 | -$1.7B | 25.8% | 7.5% |
| FY2017 | $5.6B | -$393.0M | -$1.68 | -$2.1B | 24.7% | 6.3% |
| FY2016 | $1.3B | -$610.0M | -$2.67 | -$4.8B | -2.3% | -0.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Cheniere Energy, Inc. is a consistent compounder, expanding top-line revenue at 35.3% annually over the past decade.
Cheniere Energy, Inc. returns on capital have been average, hovering around 13.9% ROIC over the decade.
Cheniere Energy, 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, Cheniere Energy, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $801.49 per share.