Optex Systems Holdings Inc. (OPXS) intrinsic value & 10-year financials
Optex Systems Holdings Inc. (OPXS) has a Graham intrinsic value of $24.58 per share. At $9.82 on Oct 17, 2026, the stock trades 60% below that value. Over the last 10 fiscal years revenue grew 10.2% a year to $41.3M, with an average return on invested capital of 15.5%.
- Graham intrinsic value
- $24.58
- Share price (Oct 17, 2026)
- $9.82
- Price vs Graham value
- 60% below
- Market cap
- $68.0M
- Revenue (FY2025)
- $41.3M
- Revenue growth (10-yr CAGR)
- 10.2%
- ROIC (10-yr avg)
- 15.5%
- Free cash flow (FY2025)
- $6.4M
OPXS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $41.3M | $5.1M | $0.74 | $6.4M | 17.3% | 29.9% |
| FY2024 | $34.0M | $3.8M | $0.55 | $1.1M | 14.2% | 21.4% |
| FY2023 | $25.7M | $2.3M | $0.34 | -$672.0K | 10.9% | 15.3% |
| FY2022 | $22.4M | $1.3M | $0.16 | $1.8M | 7.4% | 8.8% |
| FY2021 | $18.2M | $2.1M | $0.18 | $207.0K | -2.7% | -3.9% |
| FY2020 | $25.9M | $1.8M | $0.14 | $3.8M | 11.1% | 21.7% |
| FY2019 | $24.5M | $5.7M | $0.45 | $17.0K | 13.0% | — |
| FY2018 | $20.9M | $1.4M | $0.11 | $872.0K | 7.1% | — |
| FY2017 | $18.5M | -$304.0K | -$0.06 | -$133.0K | 1.1% | — |
| FY2016 | $17.3M | -$236.0K | — | -$573.0K | -1.2% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Optex Systems Holdings Inc is a consistent compounder, expanding top-line revenue at 10.2% annually over the past decade.
Optex Systems Holdings Inc has earned high returns on invested capital, averaging 15.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Optex Systems Holdings 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, Optex Systems Holdings Inc is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $24.58 per share.