Sparta Commercial SERVICES, Inc. (SRCO) intrinsic value & 10-year financials
Sparta Commercial SERVICES, Inc. (SRCO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue shrank 5.0% a year to $345.3K, with an average return on invested capital of -152.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.08
- Market cap
- $3.5M
- Revenue (FY2026)
- $345.3K
- Revenue growth (10-yr CAGR)
- -5.0%
- ROIC (10-yr avg)
- -152.1%
- Free cash flow (FY2026)
- —
SRCO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $345.3K | -$2.9M | -$0.06 | — | -611.8% | 34.1% |
| FY2025 | $235.5K | -$2.1M | -$0.06 | — | -520.1% | -1877.1% |
| FY2024 | $192.0K | -$607.3K | -$0.02 | — | -450.2% | -29.2% |
| FY2023 | $256.9K | $1.0M | $0.05 | — | -540.9% | -13.3% |
| FY2022 | $245.5K | -$9.0M | -$0.16 | — | -516.3% | 73.6% |
| FY2021 | $259.7K | -$2.3M | — | — | -460.5% | 40.6% |
| FY2020 | $320.8K | -$787.2K | — | — | -246.9% | 21.1% |
| FY2019 | $384.7K | -$1.7M | — | — | -220.2% | 38.7% |
| FY2018 | $446.2K | -$2.8M | — | — | -188.8% | 86.9% |
| FY2017 | $547.7K | -$2.6M | — | — | -179.8% | 103.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SPARTA COMMERCIAL SERVICES, INC. is facing top-line stagnation, with revenue contracting over the decade.
SPARTA COMMERCIAL SERVICES, INC. has earned high returns on invested capital, averaging 33.8% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
SPARTA COMMERCIAL SERVICES, INC. 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, SPARTA COMMERCIAL SERVICES, INC. is modeled at -5.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-0.06 per share.