Sequans Communications (SQNS) intrinsic value & 10-year financials
Sequans Communications (SQNS) has a Graham intrinsic value of $1.95 per share. Over the last 10 fiscal years revenue grew 1.4% a year to $36.8M, with an average return on invested capital of 271.2%.
- Graham intrinsic value
- $1.95
- Revenue (FY2024)
- $36.8M
- Revenue growth (10-yr CAGR)
- 1.4%
- ROIC (10-yr avg)
- 271.2%
- Free cash flow (FY2024)
- —
SQNS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2024 | $36.8M | $57.6M | $0.20 | — | 188.8% | — |
| FY2023 | $33.6M | -$41.0M | -$0.18 | — | -88.8% | — |
| FY2022 | $60.6M | -$9.0M | -$0.05 | — | -6.3% | — |
| FY2021 | $50.9M | -$20.3M | -$0.14 | — | -36.0% | — |
| FY2020 | $50.9M | -$54.5M | -$0.48 | — | -48.5% | — |
| FY2019 | $30.9M | -$36.7M | -$0.39 | — | -90.6% | — |
| FY2018 | $40.2M | -$36.2M | -$0.39 | — | -78.3% | — |
| FY2017 | $48.3M | -$26.2M | -$0.34 | — | -40.5% | — |
| FY2016 | $45.6M | -$24.8M | -$0.39 | — | -43.3% | — |
| FY2015 | $32.5M | -$27.4M | -$0.46 | — | -72.7% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SEQUANS COMMUNICATIONS has demonstrated mature, steady growth, with revenue compounding at 1.4% annually over the past decade.
SEQUANS COMMUNICATIONS 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
SEQUANS COMMUNICATIONS 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, SEQUANS COMMUNICATIONS is modeled at 1.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.95 per share.