Netsol Technologies Inc. (NTWK) intrinsic value & 10-year financials
Netsol Technologies Inc. (NTWK) has a Graham intrinsic value of $0.66 per share. At $6.21 on Oct 17, 2026, the stock trades 841% above that value. Over the last 10 fiscal years revenue grew 0.3% a year to $66.1M, with an average return on invested capital of 0.8%.
- Graham intrinsic value
- $0.66
- Share price (Oct 17, 2026)
- $6.21
- Price vs Graham value
- 841% above
- Market cap
- $71.9M
- Revenue (FY2025)
- $66.1M
- Revenue growth (10-yr CAGR)
- 0.3%
- ROIC (10-yr avg)
- 0.8%
- Free cash flow (FY2025)
- -$935.5K
NTWK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $66.1M | $2.9M | $0.25 | -$935.5K | 5.3% | 12.8% |
| FY2024 | $61.4M | $683.9K | $0.06 | $2.4M | 5.7% | 10.2% |
| FY2023 | $52.4M | -$5.2M | -$0.46 | $370.1K | -16.8% | -43.5% |
| FY2022 | $57.2M | -$851.2K | -$0.08 | $451.4K | -1.9% | -2.3% |
| FY2021 | $54.9M | $1.8M | $0.15 | $13.2M | 5.0% | 5.0% |
| FY2020 | $56.4M | $937.1K | $0.08 | $2.6M | 1.9% | 1.2% |
| FY2019 | $67.8M | $8.6M | $0.74 | $2.2M | 10.1% | 12.4% |
| FY2018 | $60.9M | $4.3M | $0.38 | $13.3M | 5.0% | 4.6% |
| FY2017 | $65.4M | -$5.0M | -$0.46 | -$1.7M | -1.5% | -1.7% |
| FY2016 | $64.6M | $3.4M | $0.32 | -$1.7M | 9.8% | 9.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
NETSOL TECHNOLOGIES INC has demonstrated mature, steady growth, with revenue compounding at 0.3% annually over the past decade.
NETSOL TECHNOLOGIES INC has historically struggled to out-earn its cost of capital, averaging just 0.8% ROIC.
NETSOL TECHNOLOGIES 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, NETSOL TECHNOLOGIES INC is modeled at -2.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.66 per share.