Magnachip Semiconductor Corp. (MX) intrinsic value & 10-year financials

Magnachip Semiconductor Corp. (MX) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 13.9% a year to $178.9M, with an average return on invested capital of 5.7%.

Graham intrinsic value
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Share price (Oct 17, 2026)
$2.56
Market cap
$92.7M
Revenue (FY2025)
$178.9M
Revenue growth (10-yr CAGR)
-13.9%
ROIC (10-yr avg)
5.7%
Free cash flow (FY2025)
-$54.2M

MX 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $178.9M -$29.7M -$0.82 -$54.2M -20.0% -12.5%
FY2024 $231.7M -$54.3M -$1.44 -$17.7M -22.9% -25.8%
FY2023 $230.1M -$36.6M -$0.89 -$10.0M -25.1% -22.4%
FY2022 $337.7M -$8.0M -$0.18 -$18.2M -1.6% -2.7%
FY2021 $474.2M $56.7M $1.21 $55.5M 17.6% 31.2%
FY2020 $507.1M $345.0M $7.54 -$28.6M 5.3% 14.1%
FY2019 $792.2M -$21.8M -$0.64 $27.5M 3.1% 16.2%
FY2018 $750.9M -$3.9M -$0.11 $10.3M 6.3% 16.4%
FY2017 $679.7M $84.9M $2.02 -$52.9M 5.8% 38.6%
FY2016 $688.0M -$29.6M -$0.85 -$9.4M 0.4% 4.2%

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

Executive summary

MAGNACHIP SEMICONDUCTOR Corp is facing top-line stagnation, with revenue contracting over the decade.

MAGNACHIP SEMICONDUCTOR Corp has historically struggled to out-earn its cost of capital, averaging just 5.7% ROIC.

MAGNACHIP SEMICONDUCTOR Corp 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, MAGNACHIP SEMICONDUCTOR Corp is modeled at -13.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-20.15 per share.

MX stock: frequently asked questions

What is the intrinsic value of Magnachip Semiconductor Corp. (MX) stock?

Graham's formula only works with positive earnings. Magnachip Semiconductor Corp. reported diluted EPS of -$0.82 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Magnachip Semiconductor Corp. grown?

Revenue went from $688.0M in fiscal 2016 to $178.9M in fiscal 2025, a compound annual growth rate of -13.9%. Net income was -$29.7M in fiscal 2025.

Does Magnachip Semiconductor Corp. generate free cash flow?

Magnachip Semiconductor Corp. generated -$54.2M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 3 of the last 10 reported years.

What is MX's return on invested capital?

Average ROIC over the last 10 fiscal years was 5.7%, and average return on equity was 22.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this MX data come from?

From Magnachip Semiconductor Corp.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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