Saker Aviation Services, Inc. (SKAS) intrinsic value & 10-year financials

Saker Aviation Services, Inc. (SKAS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 23.8% a year to $1.3M, with an average return on invested capital of 10.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$5.16
Market cap
$5.1M
Revenue (FY2025)
$1.3M
Revenue growth (10-yr CAGR)
-23.8%
ROIC (10-yr avg)
10.6%
Free cash flow (FY2025)
-$610.3K

SKAS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.3M -$1.1M -$1.09 -$610.3K -108.4% -14.9%
FY2024 $9.2M $1.3M $1.24 -$667.7K 28.7% 18.5%
FY2023 $8.8M $2.4M $2.47 $3.3M 39.7% 30.8%
FY2022 $7.6M $1.2M $1.26 $1.7M 9.6% 25.2%
FY2021 $5.4M $726.2K $0.71 $732.2K 12.0% 21.3%
FY2020 $3.5M -$1.7M -$1.71 -$1.6M -42.5% -50.2%
FY2019 $11.6M $667.6K $0.65 $949.3K 9.1% 25.6%
FY2018 $11.1M $311.5K $0.30 $666.1K 4.4% 9.1%
FY2017 $12.0M $477.6K $0.01 -$78.8K 9.1% 14.9%
FY2016 $14.7M $880.4K $0.03 $2.2M 12.2% 26.1%

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

Executive summary

Saker Aviation Services, Inc. is facing top-line stagnation, with revenue contracting over the decade.

Saker Aviation Services, Inc. returns on capital have been average, hovering around 10.6% ROIC over the decade.

Over the decade, Saker Aviation Services, Inc. shows that management has aggressively returned capital to shareholders by retiring 97.0% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, Saker Aviation Services, Inc. is modeled at -23.8% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-41.91 per share.

SKAS stock: frequently asked questions

What is the intrinsic value of Saker Aviation Services, Inc. (SKAS) stock?

Graham's formula only works with positive earnings. Saker Aviation Services, Inc. reported diluted EPS of -$1.09 in fiscal 2025, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

How fast has Saker Aviation Services, Inc. grown?

Revenue went from $14.7M in fiscal 2016 to $1.3M in fiscal 2025, a compound annual growth rate of -23.8%. Net income was -$1.1M in fiscal 2025.

Does Saker Aviation Services, Inc. generate free cash flow?

Saker Aviation Services, Inc. generated -$610.3K of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 10 reported years.

What is SKAS's return on invested capital?

Average ROIC over the last 10 fiscal years was 10.6%, and average return on equity was 8.8%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SKAS data come from?

From Saker Aviation Services, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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