Local Bounti Corporation (LOCL) intrinsic value & 10-year financials

Local Bounti Corporation (LOCL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 258.2% a year to $48.4M, with an average return on invested capital of -83.0%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.93
Market cap
$15.8M
Revenue (FY2025)
$48.4M
Revenue growth (7-yr CAGR)
258.2%
ROIC (10-yr avg)
-83.0%
Free cash flow (FY2025)
-$41.9M

LOCL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $48.4M -$94.4M -$5.61 -$41.9M -129.5% -19.3%
FY2024 $38.1M -$119.9M -$7.07 -$109.5M -154.6% -19.1%
FY2023 $27.6M -$124.0M -$7.80 -$195.4M -424.2% -45.8%
FY2022 $19.5M -$111.1M -$0.64 -$104.8M -485.4% -77.5%
FY2021 $638.0K -$56.1M -$0.53 -$49.8M -7008.9% -651.9%
FY2020 $82.0K -$8.4M -$0.09 -$7.3M -9661.0% 315.4%
FY2019 — — — — — —

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

Executive summary

Local Bounti Corporation/DE revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Local Bounti Corporation/DE has historically struggled to out-earn its cost of capital, averaging just -27.5% ROIC.

Local Bounti Corporation/DE 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, Local Bounti Corporation/DE is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-186.34 per share.

LOCL stock: frequently asked questions

What is the intrinsic value of Local Bounti Corporation (LOCL) stock?

Graham's formula only works with positive earnings. Local Bounti Corporation reported diluted EPS of -$5.61 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Local Bounti Corporation generate free cash flow?

Local Bounti Corporation generated -$41.9M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 6 reported years.

What is LOCL's return on invested capital?

Average ROIC over the last 7 fiscal years was -83.0%, and average return on equity was 16481.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this LOCL data come from?

From Local Bounti Corporation's annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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