Natures Sunshine Products Inc. (NATR) intrinsic value & 10-year financials
Natures Sunshine Products Inc. (NATR) has a Graham intrinsic value of $35.21 per share. At $12.64 on Oct 17, 2026, the stock trades 64% below that value. Over the last 10 fiscal years revenue grew 3.9% a year to $480.1M, with an average return on invested capital of 13.3%.
- Graham intrinsic value
- $35.21
- Share price (Oct 17, 2026)
- $12.64
- Price vs Graham value
- 64% below
- Market cap
- $233.4M
- Revenue (FY2025)
- $480.1M
- Revenue growth (10-yr CAGR)
- 3.9%
- ROIC (10-yr avg)
- 13.3%
- Free cash flow (FY2025)
- $28.8M
NATR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $480.1M | $19.5M | $1.06 | $28.8M | 5.2% | 19.7% |
| FY2024 | $454.4M | $7.7M | $0.40 | $14.3M | 4.4% | 11.5% |
| FY2023 | $445.3M | $15.1M | $0.77 | $30.7M | 4.2% | 15.8% |
| FY2022 | $421.9M | -$390.0K | -$0.02 | -$6.9M | 3.9% | 8.3% |
| FY2021 | $444.1M | $30.2M | $1.42 | $27.9M | 7.8% | 36.8% |
| FY2020 | $385.2M | $23.0M | $1.07 | $32.8M | 5.6% | 23.7% |
| FY2019 | $362.2M | $6.9M | $0.34 | $3.4M | 4.5% | 8.4% |
| FY2018 | $364.8M | -$1.2M | -$0.04 | $17.0M | 1.5% | 3.5% |
| FY2017 | $342.0M | -$13.8M | -$0.69 | $5.0M | 0.4% | 0.7% |
| FY2016 | $341.2M | $675.0K | $0.11 | -$7.6M | 2.9% | 4.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NATURES SUNSHINE PRODUCTS INC has demonstrated mature, steady growth, with revenue compounding at 3.9% annually over the past decade.
NATURES SUNSHINE PRODUCTS INC returns on capital have been average, hovering around 13.3% ROIC over the decade.
NATURES SUNSHINE PRODUCTS INC 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, NATURES SUNSHINE PRODUCTS INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $35.21 per share.