SmartKem, Inc. (SMTK) intrinsic value & 10-year financials
SmartKem, Inc. (SMTK) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 7 fiscal years revenue grew 49.3% a year to $697.0K, with an average return on invested capital of 42442.9%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.53
- Market cap
- $4.3M
- Revenue (FY2025)
- $697.0K
- Revenue growth (7-yr CAGR)
- 49.3%
- ROIC (10-yr avg)
- 42442.9%
- Free cash flow (FY2025)
- -$7.9M
SMTK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $697.0K | -$10.5M | -$1.29 | -$7.9M | -1841.5% | 566.5% |
| FY2024 | $82.0K | -$10.3M | -$6.00 | -$8.2M | -12761.0% | 1702.8% |
| FY2023 | $27.0K | -$8.5M | -$6.32 | -$8.1M | -37003.7% | -1436.9% |
| FY2022 | $40.0K | -$11.5M | -$0.40 | -$9.1M | -24235.0% | -603.8% |
| FY2021 | $18.0K | -$17.1M | -$0.68 | -$10.9M | -90566.7% | -2604.7% |
| FY2020 | $94.0K | -$23.1M | -$0.90 | -$4.2M | -4840.4% | 257033.3% |
| FY2019 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SmartKem, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
SmartKem, Inc. has earned high returns on invested capital, averaging 424.4% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
SmartKem, 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, SmartKem, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-42.85 per share.