Microvast Holdings, Inc. (MVST) intrinsic value & 10-year financials
Microvast Holdings, Inc. (MVST) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 8 fiscal years revenue grew 33.2% a year to $427.5M, with an average return on invested capital of -43.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.52
- Market cap
- $168.3M
- Revenue (FY2025)
- $427.5M
- Revenue growth (8-yr CAGR)
- 33.2%
- ROIC (10-yr avg)
- -43.0%
- Free cash flow (FY2025)
- $56.1M
MVST 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $427.5M | -$29.2M | -$0.09 | $56.1M | 1.6% | 1.4% |
| FY2024 | $379.8M | -$195.5M | -$0.61 | -$24.9M | -30.6% | -22.0% |
| FY2023 | $306.6M | -$106.3M | -$0.34 | -$262.1M | -34.8% | -20.2% |
| FY2022 | $204.5M | -$158.2M | -$0.52 | -$204.8M | -78.2% | -48.4% |
| FY2021 | $152.0M | -$206.5M | -$1.26 | -$132.9M | -127.7% | -173.2% |
| FY2020 | $107.5M | $1.4M | -$0.82 | -$19.4M | -0.9% | -14.4% |
| FY2019 | $76.4M | $3.4M | — | -$21.9M | -1.0% | -24.5% |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Microvast Holdings, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Microvast Holdings, Inc. has historically struggled to out-earn its cost of capital, averaging just -18.5% ROIC.
Microvast Holdings, 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, Microvast Holdings, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-2.99 per share.