ReposiTrak, Inc. (TRAK) intrinsic value & 10-year financials
ReposiTrak, Inc. (TRAK) has a Graham intrinsic value of $9.31 per share. At $7.20 on Oct 17, 2026, the stock trades 23% below that value. Over the last 10 fiscal years revenue grew 5.5% a year to $22.6M, with an average return on invested capital of 14.7%.
- Graham intrinsic value
- $9.31
- Share price (Oct 17, 2026)
- $7.20
- Price vs Graham value
- 23% below
- Market cap
- $137.8M
- Revenue (FY2025)
- $22.6M
- Revenue growth (10-yr CAGR)
- 5.5%
- ROIC (10-yr avg)
- 14.7%
- Free cash flow (FY2025)
- $8.4M
TRAK 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $22.6M | $7.0M | $0.35 | $8.4M | 27.5% | 26.4% |
| FY2024 | $20.5M | $6.0M | $0.29 | $6.9M | 24.6% | 21.6% |
| FY2023 | $19.1M | $5.6M | $0.27 | $8.7M | 26.7% | 22.0% |
| FY2022 | $18.0M | $4.0M | $0.18 | $6.1M | 24.5% | 19.7% |
| FY2021 | $21.0M | $4.1M | $0.18 | $5.3M | 13.8% | 12.7% |
| FY2020 | $20.0M | $1.6M | $0.05 | $3.5M | 7.4% | 6.1% |
| FY2019 | $21.2M | $3.9M | $0.16 | $3.1M | 18.8% | 15.6% |
| FY2018 | $22.0M | $3.4M | $0.14 | $2.0M | 16.0% | 9.0% |
| FY2017 | $18.9M | $3.8M | $0.15 | $299.7K | 20.6% | 11.5% |
| FY2016 | $14.0M | $666.5K | $0.00 | $422.2K | 4.9% | 2.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ReposiTrak, Inc. has demonstrated mature, steady growth, with revenue compounding at 5.5% annually over the past decade.
ReposiTrak, Inc. returns on capital have been average, hovering around 14.7% ROIC over the decade.
ReposiTrak, 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, ReposiTrak, Inc. is modeled at 11.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.31 per share.