Functional Brands Inc. (MEHA) intrinsic value & 10-year financials

Functional Brands Inc. (MEHA) has a Graham intrinsic value of $0.09 per share. Over the last 3 fiscal years revenue grew 0.7% a year to $6.6M, with an average return on invested capital of 18.4%.

Graham intrinsic value
$0.09
Share price (Oct 17, 2026)
$0.00
Market cap
$374.5K
Revenue (FY2025)
$6.6M
Revenue growth (3-yr CAGR)
0.7%
ROIC (10-yr avg)
18.4%
Free cash flow (FY2025)
-$1.3M

MEHA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $6.6M $758.5K $0.01 -$1.3M -21.2% 73.6%
FY2024 $6.6M -$559.4K -$0.01 $109 -3.5% -36.9%
FY2023 — — — — — —

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

Executive summary

Functional Brands Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Functional Brands Inc. has earned high returns on invested capital, averaging 18.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.

Functional Brands Inc. 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, Functional Brands Inc. is modeled at 0.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.09 per share.

MEHA stock: frequently asked questions

What is the intrinsic value of Functional Brands Inc. (MEHA) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 0.7% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, MEHA's intrinsic value is about $0.09 per share.

Does Functional Brands Inc. generate free cash flow?

Functional Brands Inc. generated -$1.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 1 of the last 2 reported years.

What is MEHA's return on invested capital?

Average ROIC over the last 3 fiscal years was 18.4%, and average return on equity was 656.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MEHA data come from?

From Functional Brands Inc.'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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