Can B Corp. (NASC) intrinsic value & 10-year financials

Can B Corp. (NASC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 45.0% a year to $2.2M, with an average return on invested capital of -781.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.01
Market cap
$188.9K
Revenue (FY2023)
$2.2M
Revenue growth (10-yr CAGR)
45.0%
ROIC (10-yr avg)
-781.6%
Free cash flow (FY2023)
-$1.3M

NASC 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2023 $2.2M -$9.7M -$0.77 -$1.3M -347.3% -244.4%
FY2022 $6.7M -$14.9M -$4.18 — -211.9% -294.4%
FY2021 $4.6M -$12.2M — -$7.9M -223.0% -219.0%
FY2020 $1.7M -$5.7M -$1.36 -$2.0M -255.9% -95.2%
FY2019 $2.3M -$4.6M -$2.20 -$3.5M -198.8% -71.9%
FY2018 $668.6K -$4.1M — -$800.0K -510.9% -467.6%
FY2017 $122.7K -$2.1M — — -580.7% 47.0%
FY2016 $95.1K -$665.0K — — — 323.4%
FY2015 $110.4K -$3.6M — — — -6012.3%
FY2014 — — — — — —

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

Executive summary

Can B Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Can B Corp has historically struggled to out-earn its cost of capital, averaging just -21.0% ROIC.

Can B Corp 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, Can B Corp is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-25.58 per share.

NASC stock: frequently asked questions

What is the intrinsic value of Can B Corp. (NASC) stock?

Graham's formula only works with positive earnings. Can B Corp. reported diluted EPS of -$0.77 in fiscal 2023, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Can B Corp. generate free cash flow?

Can B Corp. generated -$1.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2023. Free cash flow was positive in 0 of the last 5 reported years.

What is NASC's return on invested capital?

Average ROIC over the last 10 fiscal years was -781.6%, and average return on equity was -884.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NASC data come from?

From Can B Corp.'s annual 10-K filings on SEC EDGAR, most recently filed Nov 19, 2024. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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