Sohu.com Ltd. (SOHU) intrinsic value & 10-year financials
Sohu.com Ltd. (SOHU) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 10.9% a year to $584.3M, with an average return on invested capital of 6.2%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $584.3M
- Revenue growth (10-yr CAGR)
- -10.9%
- ROIC (10-yr avg)
- 6.2%
- Free cash flow (FY2025)
- -$5.3M
SOHU 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $584.3M | $394.1M | $13.96 | -$5.3M | -16.1% | -4.9% |
| FY2024 | $598.4M | -$100.3M | -$3.13 | -$49.3M | -18.3% | -15.0% |
| FY2023 | $600.7M | -$30.4M | -$0.89 | -$28.8M | -14.5% | -7.9% |
| FY2022 | $733.9M | -$17.3M | -$0.50 | $23.7M | -0.1% | -0.1% |
| FY2021 | $835.6M | $927.7M | $23.49 | -$69.0M | 11.7% | 42.6% |
| FY2020 | $749.9M | -$86.1M | -$2.19 | $88.9M | 9.8% | 28.5% |
| FY2019 | $1.8B | -$149.3M | -$3.83 | $165.3M | 0.0% | 0.3% |
| FY2018 | $1.9B | -$160.1M | -$4.13 | -$17.1M | -8.5% | — |
| FY2017 | $1.9B | -$554.5M | -$14.30 | $108.8M | -11.2% | — |
| FY2016 | $1.7B | -$224.0M | -$5.83 | $134.6M | -7.1% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Sohu.com Ltd is facing top-line stagnation, with revenue contracting over the decade.
Sohu.com Ltd has historically struggled to out-earn its cost of capital, averaging just 6.2% ROIC.
Over the decade, Sohu.com Ltd shows that management has aggressively returned capital to shareholders by retiring 27.1% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Sohu.com Ltd is modeled at -12.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-191.50 per share.