AgEagle Aerial Systems Inc. (UAVS) intrinsic value & 10-year financials

AgEagle Aerial Systems Inc. (UAVS) has a Graham intrinsic value of $3.65 per share. At $0.70 on Oct 17, 2026, the stock trades 81% below that value. Over the last 10 fiscal years revenue grew 77.9% a year to $12.8M, with an average return on invested capital of 1392.8%.

Graham intrinsic value
$3.65
Share price (Oct 17, 2026)
$0.70
Price vs Graham value
81% below
Market cap
$802.9K
Revenue (FY2025)
$12.8M
Revenue growth (10-yr CAGR)
77.9%
ROIC (10-yr avg)
1392.8%
Free cash flow (FY2025)
-$10.0M

UAVS 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $12.8M -$5.3M — -$10.0M -115.0% 13243.4%
FY2024 $13.4M -$35.0M -$46.24 -$6.6M -94.3% -439.2%
FY2023 $13.7M -$42.4M -$8.04 -$11.2M -284.9% -152.7%
FY2022 $19.1M -$58.3M -$13.97 -$20.4M -336.6% -121.0%
FY2021 $9.8M -$30.1M — -$13.0M -310.3% -91.3%
FY2020 $1.3M -$4.9M — -$2.4M -383.6% -189.4%
FY2019 $296.7K -$2.5M — -$1.8M -850.1% -46.8%
FY2018 $107.8K -$2.1M — -$1.8M -1911.3% 26.3%
FY2017 $116.0K $8.3M $0.11 -$1.3M -2299.1% 62.7%
FY2016 $71.7K -$13.2M -$1.92 — -15534.6% 1635.8%

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

Executive summary

AgEagle Aerial Systems Inc. is a consistent compounder, expanding top-line revenue at 77.9% annually over the past decade.

AgEagle Aerial Systems Inc. has historically struggled to out-earn its cost of capital, averaging just -2.9% ROIC.

AgEagle Aerial Systems 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, AgEagle Aerial Systems Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $3.65 per share.

UAVS stock: frequently asked questions

What is the intrinsic value of AgEagle Aerial Systems Inc. (UAVS) 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, UAVS's intrinsic value is about $3.65 per share.

Is UAVS stock undervalued?

At $0.70 (close on Oct 17, 2026), UAVS trades 81% below its Graham value of $3.65. On Graham's terms that leaves a margin of safety. A formula is a starting point for research, not a recommendation.

How fast has AgEagle Aerial Systems Inc. grown?

Revenue went from $71.7K in fiscal 2016 to $12.8M in fiscal 2025, a compound annual growth rate of 77.9%. Net income was -$5.3M in fiscal 2025.

Does AgEagle Aerial Systems Inc. generate free cash flow?

AgEagle Aerial Systems Inc. generated -$10.0M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2025. Free cash flow was positive in 0 of the last 9 reported years.

What is UAVS's return on invested capital?

Average ROIC over the last 10 fiscal years was 1392.8%, and average return on equity was -174.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this UAVS data come from?

From AgEagle Aerial Systems Inc.'s annual 10-K filings on SEC EDGAR, most recently filed May 15, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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