NewLake Capital Partners, Inc. (NLCP) intrinsic value & 10-year financials
NewLake Capital Partners, Inc. (NLCP) has a Graham intrinsic value of $42.52 per share. At $13.74 on Oct 17, 2026, the stock trades 68% below that value. Over the last 7 fiscal years revenue grew 33.5% a year to $49.5M, with an average return on invested capital of 3.4%.
- Graham intrinsic value
- $42.52
- Share price (Oct 17, 2026)
- $13.74
- Price vs Graham value
- 68% below
- Market cap
- $288.4M
- Revenue (FY2025)
- $49.5M
- Revenue growth (7-yr CAGR)
- 33.5%
- ROIC (10-yr avg)
- 3.4%
- Free cash flow (FY2025)
- —
NLCP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $49.5M | $26.3M | $1.28 | — | 55.0% | 6.7% |
| FY2024 | $48.9M | $26.1M | $1.27 | — | 54.8% | 6.5% |
| FY2023 | $46.3M | $24.6M | $1.16 | — | 53.2% | 5.9% |
| FY2022 | $42.4M | $22.0M | $1.03 | — | 53.1% | 5.2% |
| FY2021 | $27.6M | $11.6M | $0.65 | — | 41.7% | 4.1% |
| FY2020 | $11.7M | -$10.4M | -$1.50 | — | -90.8% | -7.8% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NewLake Capital Partners, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
NewLake Capital Partners, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.4% ROIC.
NewLake Capital Partners, Inc. 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, NewLake Capital Partners, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $42.52 per share.