R F Industries Ltd. (RFIL) intrinsic value & 10-year financials
R F Industries Ltd. (RFIL) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 11.5% a year to $80.6M, with an average return on invested capital of 3.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $7.03
- Market cap
- $75.7M
- Revenue (FY2025)
- $80.6M
- Revenue growth (10-yr CAGR)
- 11.5%
- ROIC (10-yr avg)
- 3.0%
- Free cash flow (FY2025)
- $4.3M
RFIL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $80.6M | $75.0K | $0.01 | $4.3M | 2.2% | 1.8% |
| FY2024 | $64.9M | -$6.6M | -$0.63 | $2.4M | -4.4% | -4.7% |
| FY2023 | $72.2M | -$3.1M | -$0.30 | $1.7M | -5.3% | -4.1% |
| FY2022 | $85.3M | $1.4M | $0.14 | $217.0K | 2.6% | 4.2% |
| FY2021 | $57.4M | $6.2M | $0.61 | -$3.3M | 7.7% | 16.1% |
| FY2020 | $43.0M | -$81.0K | -$0.01 | $4.3M | -0.9% | -1.0% |
| FY2019 | $55.3M | $3.5M | $0.36 | -$3.2M | 8.1% | 11.6% |
| FY2018 | $50.2M | $5.8M | $0.61 | $5.0M | 14.8% | 24.2% |
| FY2017 | $174.0K | $382.0K | $0.04 | $1.4M | 213.2% | 1.3% |
| FY2016 | $30.2M | -$4.1M | -$0.47 | -$1.7M | -15.5% | -18.9% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
R F INDUSTRIES LTD is a consistent compounder, expanding top-line revenue at 11.5% annually over the past decade.
R F INDUSTRIES LTD has historically struggled to out-earn its cost of capital, averaging just 3.1% ROIC.
R F INDUSTRIES LTD 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, R F INDUSTRIES LTD is modeled at -15.9% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.20 per share.