Nano Labs Ltd (NA) intrinsic value & 10-year financials
Nano Labs Ltd (NA) has a Graham intrinsic value of CNY 226.53 per share. Over the last 7 fiscal years revenue grew 66.2% a year to CNY 27.0M, with an average return on invested capital of -62.2%.
- Graham intrinsic value
- CNY 226.53
- Revenue (FY2025)
- CNY 27.0M
- Revenue growth (7-yr CAGR)
- 66.2%
- ROIC (10-yr avg)
- -62.2%
- Free cash flow (FY2025)
- -CNY 108.3M
NA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | CNY 27.0M | CNY 135.5M | CNY 6.82 | -CNY 108.3M | 264.4% | 20.9% |
| FY2024 | CNY 40.6M | -CNY 113.2M | -CNY 14.06 | -CNY 175.7M | -242.7% | -51.2% |
| FY2023 | CNY 78.3M | -CNY 252.8M | -CNY 4.29 | -CNY 239.0M | -332.9% | -324.8% |
| FY2022 | CNY 983.2M | CNY 31.1M | CNY 0.29 | -CNY 292.5M | 2.1% | -25.8% |
| FY2021 | CNY 39.4M | -CNY 174.9M | -CNY 1.95 | CNY 63.0M | -453.3% | 69.7% |
| FY2020 | CNY 2.1M | -CNY 37.7M | -CNY 0.48 | -CNY 4.0M | -1735.9% | — |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in CNY.
Executive summary
Nano Labs Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Nano Labs Ltd has historically struggled to out-earn its cost of capital, averaging just 2.1% ROIC.
Nano Labs Ltd 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, Nano Labs Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $226.53 per share.