Sol-Gel Technologies Ltd. (SLGL) intrinsic value & 10-year financials
Sol-Gel Technologies Ltd. (SLGL) has a Graham intrinsic value of $4.65 per share. Over the last 10 fiscal years revenue grew 47.0% a year to $3.8M, with an average return on invested capital of 31.8%.
- Graham intrinsic value
- $4.65
- Revenue (FY2025)
- $3.8M
- Revenue growth (10-yr CAGR)
- 47.0%
- ROIC (10-yr avg)
- 31.8%
- Free cash flow (FY2025)
- $275.0K
SLGL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.8M | -$6.1M | -$2.19 | $275.0K | -198.4% | -67.0% |
| FY2024 | $3.8M | -$10.6M | -$0.38 | -$13.9M | -316.2% | -56.4% |
| FY2023 | $1.6M | -$27.2M | -$1.01 | -$17.9M | -1885.8% | -94.3% |
| FY2022 | $0 | -$14.9M | -$0.65 | -$9.7M | — | -45.1% |
| FY2021 | $3.3M | $3.2M | $0.14 | -$7.8M | 89.7% | 7.3% |
| FY2020 | $8.7M | -$29.3M | -$1.30 | -$25.7M | -348.6% | -67.6% |
| FY2019 | $22.8M | -$24.6M | -$1.26 | -$23.1M | -113.8% | -58.4% |
| FY2018 | $129.0K | -$32.2M | — | -$24.5M | -25985.3% | -422.9% |
| FY2017 | $174.0K | -$31.6M | — | -$26.0M | -18179.9% | -954.4% |
| FY2016 | — | -$20.8M | — | -$18.9M | — | 2077.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Sol-Gel Technologies Ltd. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Sol-Gel Technologies Ltd. has historically struggled to out-earn its cost of capital, averaging just -37.5% ROIC.
Sol-Gel Technologies 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, Sol-Gel Technologies Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.65 per share.