Maui Land & Pineapple Co. Inc. (MLP) intrinsic value & 10-year financials
Maui Land & Pineapple Co. Inc. (MLP) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 9.4% a year to $19.5M, with an average return on invested capital of 11.7%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $14.70
- Market cap
- $285.9M
- Revenue (FY2025)
- $19.5M
- Revenue growth (10-yr CAGR)
- -9.4%
- ROIC (10-yr avg)
- 11.7%
- Free cash flow (FY2025)
- -$484.0K
MLP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $19.5M | -$10.6M | — | -$484.0K | -23.4% | -16.7% |
| FY2024 | $11.6M | -$7.4M | -$0.38 | -$1.5M | -63.6% | -27.9% |
| FY2023 | $10.9M | -$3.1M | -$0.15 | -$2.2M | -30.6% | -9.8% |
| FY2022 | $21.0M | $1.8M | — | $6.2M | 45.8% | 53.4% |
| FY2021 | $12.4M | -$3.4M | — | $1.3M | 13.2% | 8.8% |
| FY2020 | $7.5M | -$2.6M | — | $1.7M | -33.8% | -12.0% |
| FY2019 | $10.0M | -$10.4M | — | $782.0K | -7.9% | -2.9% |
| FY2018 | $4.8M | $498.0K | — | $571.0K | -79.6% | -6.1% |
| FY2017 | $18.9M | $10.9M | — | — | 58.7% | 39.4% |
| FY2016 | $47.4M | $21.8M | — | $33.6M | 49.6% | 90.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
MAUI LAND & PINEAPPLE CO INC is facing top-line stagnation, with revenue contracting over the decade.
MAUI LAND & PINEAPPLE CO INC returns on capital have been average, hovering around 11.7% ROIC over the decade.
MAUI LAND & PINEAPPLE CO 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, MAUI LAND & PINEAPPLE CO INC is modeled at -9.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.82 per share.