Teads Holding Co. (TEAD) intrinsic value & 10-year financials

Teads Holding Co. (TEAD) has a Graham intrinsic value of $5.34 per share. At $0.40 on Oct 17, 2026, the stock trades 93% below that value. Over the last 8 fiscal years revenue grew 11.2% a year to $1.3B, with an average return on invested capital of -18.6%.

Graham intrinsic value
$5.34
Share price (Oct 17, 2026)
$0.40
Price vs Graham value
93% below
Market cap
$36.4M
Revenue (FY2025)
$1.3B
Revenue growth (8-yr CAGR)
11.2%
ROIC (10-yr avg)
-18.6%
Free cash flow (FY2025)
$2.0M

TEAD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $1.3B -$517.1M -$5.69 $2.0M -30.7% -104.2%
FY2024 $889.9M -$711.0K -$0.11 $61.2M -1.4% -2.9%
FY2023 $935.8M $10.2M -$0.06 $3.6M -0.9% -1.7%
FY2022 $992.1M -$24.6M -$0.44 -$9.6M -1.4% -6.9%
FY2021 $1.0B $11.0M $0.20 $47.0M 3.4% -25.4%
FY2020 $767.1M $4.4M $0.08 $51.5M 1.3% -3.3%
FY2019 $687.3M -$20.5M -$1.34 $14.3M -2.1% 14.4%
FY2018 — — — — — —

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

Executive summary

Teads Holding Co. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Teads Holding Co. has historically struggled to out-earn its cost of capital, averaging just -18.6% ROIC.

Teads Holding 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, Teads Holding Co. is modeled at 11.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $5.34 per share.

TEAD stock: frequently asked questions

What is the intrinsic value of Teads Holding Co. (TEAD) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 11.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, TEAD's intrinsic value is about $5.34 per share.

Is TEAD stock undervalued?

At $0.40 (close on Oct 17, 2026), TEAD trades 93% below its Graham value of $5.34. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

Does Teads Holding Co. generate free cash flow?

Teads Holding Co. generated $2.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 6 of the last 7 reported years.

What is TEAD's return on invested capital?

Average ROIC over the last 8 fiscal years was -18.6%, and average return on equity was -42.1%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TEAD data come from?

From Teads Holding Co.'s annual 10-K filings on SEC EDGAR, most recently filed May 8, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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