enVVeno Medical Corp. (NVNO) intrinsic value & 10-year financials

enVVeno Medical Corp. (NVNO) has a Graham intrinsic value of $3,909.84 per share. At $7.47 on Oct 17, 2026, the stock trades 100% below that value.

Graham intrinsic value
$3,909.84
Share price (Oct 17, 2026)
$7.47
Price vs Graham value
100% below
Market cap
$4.4M
Revenue (FY2025)
—
Revenue growth (10-yr CAGR)
-72.8%
ROIC (10-yr avg)
409.4%
Free cash flow (FY2025)
-$15.6M

NVNO 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 — -$19.5M -$33.06 -$15.6M — -59.5%
FY2024 — -$21.8M -$1.27 -$16.9M — -51.5%
FY2023 — -$23.5M -$1.91 -$18.9M — -59.4%
FY2022 — -$24.7M -$2.20 -$15.7M — -133.5%
FY2021 — -$16.5M — -$12.2M — 5587.1%
FY2020 — -$9.1M — -$7.9M — 1054.7%
FY2019 $31.2K -$7.6M — -$6.3M -24566.5% -3042.2%
FY2018 $186.6K -$13.0M — -$6.4M -4210.5% 286.8%
FY2017 $422.1K -$7.8M — -$4.2M -1445.9% 101.5%
FY2016 — — — — — —

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

enVVeno Medical Corp revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

enVVeno Medical Corp has historically struggled to out-earn its cost of capital, averaging just -18.2% ROIC.

enVVeno Medical 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, enVVeno Medical Corp is modeled at -72.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3909.84 per share.

NVNO stock: frequently asked questions

What is the intrinsic value of enVVeno Medical Corp. (NVNO) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a -72.8% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, NVNO's intrinsic value is about $3,909.84 per share.

Is NVNO stock undervalued?

At $7.47 (close on Oct 17, 2026), NVNO trades 100% below its Graham value of $3,909.84. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does enVVeno Medical Corp. generate free cash flow?

enVVeno Medical Corp. generated -$15.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 9 reported years.

What is NVNO's return on invested capital?

Average ROIC over the last 10 fiscal years was 409.4%, and average return on equity was -67.7%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this NVNO data come from?

From enVVeno Medical Corp.'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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