Northann Corp. (NCL) intrinsic value & 10-year financials
Northann Corp. (NCL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue shrank 14.4% a year to $15.3M, with an average return on invested capital of -27.6%.
- Graham intrinsic value
- —
- Revenue (FY2024)
- $15.3M
- Revenue growth (4-yr CAGR)
- -14.4%
- ROIC (10-yr avg)
- -27.6%
- Free cash flow (FY2024)
- —
NCL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $15.3M | -$4.4M | -$0.17 | — | -10.9% | -26.0% |
| FY2023 | $14.0M | -$7.1M | -$0.35 | — | -34.1% | -82.3% |
| FY2022 | $21.0M | $929.1K | $0.05 | — | 9.9% | 25.3% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Northann Corp. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Northann Corp. has historically struggled to out-earn its cost of capital, averaging just -27.6% ROIC.
Northann 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, Northann Corp. is modeled at -14.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.88 per share.