Nacco Industries Inc. (NC) intrinsic value & 10-year financials
Nacco Industries Inc. (NC) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 11.8% a year to $277.2M, with an average return on invested capital of 11.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $34.28
- Market cap
- $256.4M
- Revenue (FY2025)
- $277.2M
- Revenue growth (10-yr CAGR)
- -11.8%
- ROIC (10-yr avg)
- 11.4%
- Free cash flow (FY2025)
- $2.3M
NC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $277.2M | $17.6M | $2.35 | $2.3M | 7.9% | 4.7% |
| FY2024 | $237.7M | $33.7M | $4.55 | -$32.4M | 15.0% | 9.4% |
| FY2023 | $214.8M | -$39.6M | -$5.29 | $9.1M | -32.7% | -13.3% |
| FY2022 | $241.7M | $74.2M | $10.06 | $25.2M | 29.0% | 19.2% |
| FY2021 | $191.8M | $48.1M | $6.69 | $35.6M | 28.9% | 18.0% |
| FY2020 | $128.4M | $14.8M | $2.10 | -$32.7M | 10.5% | 6.4% |
| FY2019 | $141.0M | $39.6M | $5.66 | $28.1M | 27.5% | 19.9% |
| FY2018 | $135.4M | $34.8M | $5.00 | $33.7M | 32.2% | 21.6% |
| FY2017 | $104.8M | $30.3M | $4.41 | $25.6M | 31.3% | 14.8% |
| FY2016 | $856.4M | $29.6M | $4.32 | $77.8M | 4.9% | 13.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NACCO INDUSTRIES INC is facing top-line stagnation, with revenue contracting over the decade.
NACCO INDUSTRIES INC returns on capital have been average, hovering around 11.4% ROIC over the decade.
NACCO INDUSTRIES 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, NACCO INDUSTRIES INC is modeled at -6.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-9.29 per share.