Micware Co., Ltd. (MWC) intrinsic value & 10-year financials
Micware Co., Ltd. (MWC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 3 fiscal years revenue reached to $140.3M, with an average return on invested capital of 27.0%.
- Graham intrinsic value
- —
- Revenue (FY2026)
- $140.3M
- ROIC (10-yr avg)
- 27.0%
- Free cash flow (FY2026)
- $11.6M
MWC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $140.3M | $10.3M | $0.18 | $11.6M | 10.8% | 27.0% |
| FY2025 | — | — | — | — | — | — |
| FY2024 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Micware Co., Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Micware Co., Ltd. has earned high returns on invested capital, averaging 27.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Micware Co., Ltd. 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
Micware Co., Ltd. is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.