SolarMax Technology, Inc. (SMXT) intrinsic value & 10-year financials
SolarMax Technology, Inc. (SMXT) has a Graham intrinsic value of $0.33 per share. At $4.91 on Oct 17, 2026, the stock trades 1388% above that value. Over the last 5 fiscal years revenue grew 26.7% a year to $91.0M, with an average return on invested capital of 78.7%.
- Graham intrinsic value
- $0.33
- Share price (Oct 17, 2026)
- $4.91
- Price vs Graham value
- 1388% above
- Market cap
- $245.4M
- Revenue (FY2025)
- $91.0M
- Revenue growth (5-yr CAGR)
- 26.7%
- ROIC (10-yr avg)
- 78.7%
- Free cash flow (FY2025)
- —
SMXT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $91.0M | -$6.3M | -$0.13 | — | -6.9% | 31.1% |
| FY2024 | $23.0M | -$35.0M | -$0.79 | — | -144.0% | 232.3% |
| FY2023 | $54.1M | $434.8K | $0.01 | $3.8M | 0.9% | -3.3% |
| FY2022 | $44.7M | -$6.9M | -$0.17 | -$2.1M | -17.8% | 54.7% |
| FY2021 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SolarMax Technology, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
SolarMax Technology, Inc. has earned high returns on invested capital, averaging 21.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
SolarMax Technology, 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, SolarMax Technology, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.33 per share.