Tiziana Life Sciences Ltd. (TLSA) intrinsic value & 10-year financials

Tiziana Life Sciences Ltd. (TLSA) has no Graham intrinsic value right now because the formula needs positive earnings.

Graham intrinsic value
—
Revenue (FY2024)
—
ROIC (10-yr avg)
443.4%
Free cash flow (FY2024)
-$1.5M

TLSA 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 — -$11.9M -$0.11 -$1.5M — —
FY2023 — -$17.7M -$0.17 — — —
FY2022 — -$15.4M -$0.15 — — —
FY2021 — -$23.4M -$0.24 -$21.8M — —
FY2020 — -$26.1M -$0.16 -$11.3M — 607.0%
FY2019 — -$9.3M -$6.83 -$6.8M — 186.9%
FY2018 — -$8.0M -$6.27 — — 244.4%
FY2017 — -$8.7M -$8.59 -$7.5M — 499.2%
FY2016 — -$9.8M -$11.35 — — 679.5%
FY2015 — — — — — —

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

Executive summary

Tiziana Life Sciences Ltd revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Tiziana Life Sciences Ltd has historically struggled to out-earn its cost of capital, averaging just 4.4% ROIC.

Tiziana Life Sciences Ltd capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.

Benjamin Graham lens

Tiziana Life Sciences Ltd is evaluated under Benjamin Graham's defensive framework using SEC EDGAR fundamentals using an 8.5 + 2g earnings multiple and a 5.1% AAA bond-yield baseline.

TLSA stock: frequently asked questions

What is the intrinsic value of Tiziana Life Sciences Ltd. (TLSA) stock?

Graham's formula only works with positive earnings. Tiziana Life Sciences Ltd. reported diluted EPS of -$0.11 in fiscal 2024, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Tiziana Life Sciences Ltd. generate free cash flow?

Tiziana Life Sciences Ltd. generated -$1.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 0 of the last 5 reported years.

What is TLSA's return on invested capital?

Average ROIC over the last 10 fiscal years was 443.4%, and average return on equity was -41.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this TLSA data come from?

From Tiziana Life Sciences Ltd.'s annual 10-K filings on SEC EDGAR, most recently filed May 1, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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