Upay (UPYY) intrinsic value & 10-year financials
Upay (UPYY) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 3.0% a year to $746.3K, with an average return on invested capital of 48.4%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.90
- Market cap
- $15.5M
- Revenue (FY2026)
- $746.3K
- Revenue growth (10-yr CAGR)
- 3.0%
- ROIC (10-yr avg)
- 48.4%
- Free cash flow (FY2026)
- -$290.0K
UPYY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $746.3K | -$1.4M | -$0.08 | -$290.0K | -60.8% | 92.3% |
| FY2025 | $715.3K | -$540.1K | -$0.03 | -$764.7K | -71.1% | 140.6% |
| FY2024 | $1.4M | -$736.2K | -$0.04 | -$169.7K | -48.9% | 214.1% |
| FY2023 | $1.4M | -$135.5K | -$0.01 | -$369.1K | -6.6% | 6.5% |
| FY2022 | $1.5M | -$368.9K | -$0.02 | $784.7K | -22.1% | 42.0% |
| FY2021 | $1.1M | -$179.5K | — | -$90.7K | -15.7% | 147.7% |
| FY2020 | $1.4M | -$20.7K | $0.00 | -$402.9K | -0.3% | 5.4% |
| FY2019 | $1.1M | -$39.9K | $0.00 | $300.2K | -3.5% | -32.1% |
| FY2018 | $778.3K | -$94.0K | — | $149.4K | -11.7% | -97.7% |
| FY2017 | $572.9K | -$60.9K | — | $55.8K | -8.6% | -34.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
UPAY has demonstrated mature, steady growth, with revenue compounding at 3.0% annually over the past decade.
UPAY has earned high returns on invested capital, averaging 27.2% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
UPAY 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, UPAY is modeled at 3.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-1.00 per share.