Spindletop Oil & Gas Co. (SPND) intrinsic value & 10-year financials
Spindletop Oil & Gas Co. (SPND) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 0.2% a year to $4.4M, with an average return on invested capital of -2.8%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $4.70
- Revenue (FY2025)
- $4.4M
- Revenue growth (10-yr CAGR)
- -0.2%
- ROIC (10-yr avg)
- -2.8%
- Free cash flow (FY2025)
- —
SPND 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.4M | -$1.9M | — | — | -73.9% | -16.3% |
| FY2024 | $4.3M | -$629.0K | — | — | -41.7% | -8.1% |
| FY2023 | $5.1M | $7.0K | — | $770.0K | -19.4% | -2.9% |
| FY2022 | $8.4M | $669.0K | — | $1.5M | -0.5% | -0.1% |
| FY2021 | $6.6M | $1.0M | — | $2.4M | 6.1% | 2.5% |
| FY2020 | $4.2M | -$894.0K | — | — | -44.3% | -8.4% |
| FY2019 | $5.6M | -$646.0K | — | -$250.0K | — | -3.8% |
| FY2018 | $6.7M | $264.0K | — | — | — | 1.5% |
| FY2017 | $5.6M | -$3.0K | — | — | — | -0.0% |
| FY2016 | $4.5M | $1.3M | — | — | — | 7.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SPINDLETOP OIL & GAS CO is facing top-line stagnation, with revenue contracting over the decade.
SPINDLETOP OIL & GAS CO has historically struggled to out-earn its cost of capital, averaging just -2.8% ROIC.
SPINDLETOP OIL & GAS CO 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, SPINDLETOP OIL & GAS CO is modeled at -0.2% normalized earnings growth with a 5.1% bond-yield adjustment.