United States Antimony Corp. (UAMY) intrinsic value & 10-year financials

United States Antimony Corp. (UAMY) has a Graham intrinsic value of $0.13 per share. At $2.85 on Oct 17, 2026, the stock trades 2092% above that value. Over the last 10 fiscal years revenue grew 14.2% a year to $39.3M, with an average return on invested capital of -17.2%.

Graham intrinsic value
$0.13
Share price (Oct 17, 2026)
$2.85
Price vs Graham value
2092% above
Market cap
$352.4M
Revenue (FY2025)
$39.3M
Revenue growth (10-yr CAGR)
14.2%
ROIC (10-yr avg)
-17.2%
Free cash flow (FY2025)
-$37.5M

UAMY 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $39.3M -$4.3M -$0.04 -$37.5M -21.5% -13.9%
FY2024 $14.9M -$1.7M -$0.02 $1.8M -16.0% -19.5%
FY2023 $8.7M -$6.3M -$0.06 -$6.3M -81.3% -52.6%
FY2022 $11.0M $428.7K — -$2.0M 3.2% 2.8%
FY2021 $7.7M -$60.5K — -$3.1M -8.5% -0.7%
FY2020 $5.2M -$3.3M — -$1.5M -63.1% -43.8%
FY2019 $8.3M -$3.7M — -$798.6K -45.3% -34.7%
FY2018 $9.0M $873.2K — -$1.6M 6.1% 4.3%
FY2017 $10.2M -$1.1M — $351.2K -9.4% -7.6%
FY2016 $11.9M -$1.3M — -$170.0K -6.9% -6.2%

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

Executive summary

UNITED STATES ANTIMONY CORP is a consistent compounder, expanding top-line revenue at 14.2% annually over the past decade.

UNITED STATES ANTIMONY CORP has historically struggled to out-earn its cost of capital, averaging just -17.2% ROIC.

UNITED STATES ANTIMONY CORP 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, UNITED STATES ANTIMONY CORP is modeled at 14.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $0.13 per share.

UAMY stock: frequently asked questions

What is the intrinsic value of United States Antimony Corp. (UAMY) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 14.2% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, UAMY's intrinsic value is about $0.13 per share.

Is UAMY stock undervalued?

At $2.85 (close on Oct 17, 2026), UAMY trades 2092% above its Graham value of $0.13. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has United States Antimony Corp. grown?

Revenue went from $11.9M in fiscal 2016 to $39.3M in fiscal 2025, a compound annual growth rate of 14.2%. Net income was -$4.3M in fiscal 2025.

Does United States Antimony Corp. generate free cash flow?

United States Antimony Corp. generated -$37.5M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 2 of the last 10 reported years.

What is UAMY's return on invested capital?

Average ROIC over the last 10 fiscal years was -17.2%, and average return on equity was -12.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this UAMY data come from?

From United States Antimony Corp.'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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