Mama's Creations, Inc. (MAMA) intrinsic value & 10-year financials
Mama's Creations, Inc. (MAMA) has a Graham intrinsic value of $4.32 per share. At $12.87 on Oct 17, 2026, the stock trades 198% above that value. Over the last 10 fiscal years revenue grew 28.4% a year to $171.7M, with an average return on invested capital of 21.7%.
- Graham intrinsic value
- $4.32
- Share price (Oct 17, 2026)
- $12.87
- Price vs Graham value
- 198% above
- Market cap
- $532.6M
- Revenue (FY2026)
- $171.7M
- Revenue growth (10-yr CAGR)
- 28.4%
- ROIC (10-yr avg)
- 21.7%
- Free cash flow (FY2026)
- $9.8M
MAMA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $171.7M | $5.3M | $0.13 | $9.8M | 4.1% | 16.4% |
| FY2025 | $123.3M | $3.7M | $0.09 | $82.0K | 4.0% | 22.8% |
| FY2024 | $103.3M | $6.6M | $0.17 | $10.8M | 8.6% | 58.1% |
| FY2023 | $93.2M | $2.3M | $0.06 | $4.9M | 3.0% | 25.3% |
| FY2022 | $47.1M | -$251.9K | -$0.01 | $47.4K | 0.2% | 0.5% |
| FY2021 | $40.8M | $4.1M | $0.12 | $3.3M | 8.5% | 46.7% |
| FY2020 | $34.8M | $1.5M | $0.04 | $1.5M | 6.0% | 30.3% |
| FY2019 | $28.5M | $550.0K | $0.02 | $409.7K | 5.5% | 14.5% |
| FY2018 | $27.5M | $319.7K | $0.01 | -$159.3K | 3.9% | 7.6% |
| FY2017 | $18.0M | -$289.1K | -$0.02 | $5.9K | 2.3% | -5.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Mama's Creations, Inc. is a consistent compounder, expanding top-line revenue at 28.4% annually over the past decade.
Mama's Creations, Inc. has earned high returns on invested capital, averaging 21.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Mama's Creations, 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, Mama's Creations, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.32 per share.