Srx Global Inc. (SRXH) intrinsic value & 10-year financials

Srx Global Inc. (SRXH) has a Graham intrinsic value of $0.36 per share. At $1.19 on Oct 17, 2026, the stock trades 231% above that value. Over the last 10 fiscal years revenue grew 271.9% a year to $6.5M, with an average return on invested capital of -30.8%.

Graham intrinsic value
$0.36
Share price (Oct 17, 2026)
$1.19
Price vs Graham value
231% above
Market cap
$25.1M
Revenue (FY2025)
$6.5M
Revenue growth (10-yr CAGR)
271.9%
ROIC (10-yr avg)
-30.8%
Free cash flow (FY2025)
—

SRXH 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $6.5M -$45.0M -$2.13 — -174.6% -432.1%
FY2024 $35.0M -$168.0K -$0.01 -$4.4M -17.1% -63.1%
FY2023 $38.6M -$22.8M -$2.48 $79.0K -54.9% -110.2%
FY2022 $54.7M -$39.3M -$0.10 -$20.8M -71.0% -101.6%
FY2021 $46.0M $3.4M $0.01 -$12.2M -37.6% -72.4%
FY2020 $42.6M -$59.3M -$0.56 -$7.7M -64.2% -223.9%
FY2019 $15.6M -$184.5M — -$21.1M -233.2% -317.9%
FY2018 $14.8M -$6.0M — -$6.9M -34.9% 849.7%
FY2017 $1.7K -$1.7M -$0.00 -$39.8K -30221.3% 83.1%
FY2016 $48 -$933.8K -$0.00 -$430.6K -957670.8% 80.0%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

SRx Health Solutions, Inc. is a consistent compounder, expanding top-line revenue at 271.9% annually over the past decade.

SRx Health Solutions, Inc. has historically struggled to out-earn its cost of capital, averaging just -18.5% ROIC.

Over the decade, SRx Health Solutions, Inc. shows that management has aggressively returned capital to shareholders by retiring 97.7% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, SRx Health Solutions, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.36 per share.

SRXH stock: frequently asked questions

What is the intrinsic value of Srx Global Inc. (SRXH) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 15.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SRXH's intrinsic value is about $0.36 per share.

Is SRXH stock undervalued?

At $1.19 (close on Oct 17, 2026), SRXH trades 231% above its Graham value of $0.36. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Srx Global Inc. grown?

Revenue went from $48 in fiscal 2016 to $6.5M in fiscal 2025, a compound annual growth rate of 271.9%. Net income was -$45.0M in fiscal 2025.

What is SRXH's return on invested capital?

Average ROIC over the last 10 fiscal years was -30.8%, and average return on equity was 337.3%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SRXH data come from?

From Srx Global Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 14, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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