Recon Technology, Ltd. (RCON) intrinsic value & 10-year financials

Recon Technology, Ltd. (RCON) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue shrank 19.6% a year to $6.4M, with an average return on invested capital of -28.2%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.99
Market cap
$5.6M
Revenue (FY2016)
$6.4M
Revenue growth (6-yr CAGR)
-19.6%
ROIC (10-yr avg)
-28.2%
Free cash flow (FY2016)
-$70.2K

RCON 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2016 $6.4M -$6.2M -$1.09 -$70.2K -93.4% -99.6%
FY2015 $8.5M -$5.2M -$1.06 -$2.8M -68.9% -38.9%
FY2014 $15.2M $131.1K $0.03 -$1.4M 3.0% 1.6%
FY2013 $12.4M $6.4K $0.00 $3.9M -0.7% -0.3%
FY2012 — -$567.9K — — — -4.0%
FY2011 — — — — — —

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

Executive summary

Recon Technology, Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Recon Technology, Ltd has historically struggled to out-earn its cost of capital, averaging just -28.2% ROIC.

Recon Technology, Ltd 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, Recon Technology, Ltd is modeled at -19.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.80 per share.

RCON stock: frequently asked questions

What is the intrinsic value of Recon Technology, Ltd. (RCON) stock?

Graham's formula only works with positive earnings. Recon Technology, Ltd. reported diluted EPS of -$1.09 in fiscal 2016, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Recon Technology, Ltd. generate free cash flow?

Recon Technology, Ltd. generated -$70.2K of free cash flow (operating cash flow minus capital expenditures) in fiscal 2016. Free cash flow was positive in 1 of the last 4 reported years.

What is RCON's return on invested capital?

Average ROIC over the last 6 fiscal years was -28.2%, and average return on equity was -21.4%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this RCON data come from?

From Recon Technology, Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed Oct 15, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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