Minerva Gold Inc. (MINR) intrinsic value & 10-year financials

Minerva Gold Inc. (MINR) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue grew 28.9% a year to $33.5K, with an average return on invested capital of -6.1%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.13
Market cap
$853.4K
Revenue (FY2026)
$33.5K
Revenue growth (6-yr CAGR)
28.9%
ROIC (10-yr avg)
-6.1%
Free cash flow (FY2026)
-$10.1K

MINR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $33.5K -$9.4K $0.00 -$10.1K — 20.6%
FY2025 $26.0K -$7.1K $0.00 -$4.9K — 19.1%
FY2024 $0 -$35.7K — — — 225.4%
FY2023 $0 -$17.7K — -$17.2K — -163.0%
FY2022 $0 -$15.7K — -$16.3K — -132.8%
FY2021 — — — — — —

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

Executive summary

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

Minerva Gold Inc. has historically struggled to out-earn its cost of capital, averaging just -18.5% ROIC.

Minerva Gold 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, Minerva Gold Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.00 per share.

MINR stock: frequently asked questions

What is the intrinsic value of Minerva Gold Inc. (MINR) stock?

Graham's formula only works with positive earnings. Minerva Gold Inc. reported diluted EPS of $0.00 in fiscal 2026, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Minerva Gold Inc. generate free cash flow?

Minerva Gold Inc. generated -$10.1K of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 0 of the last 4 reported years.

What is MINR's return on invested capital?

Average ROIC over the last 6 fiscal years was -6.1%, and average return on equity was -6.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MINR data come from?

From Minerva Gold Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 11, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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