Viomi Technology Co., Ltd. (VIOT) intrinsic value & 10-year financials
Viomi Technology Co., Ltd. (VIOT) has a Graham intrinsic value of CNY 22.25 per share. At CNY 1.39 on Oct 27, 2026, the stock trades 94% below that value. Over the last 10 fiscal years revenue grew 25.6% a year to CNY 2.4B, with an average return on invested capital of 20.0%.
- Graham intrinsic value
- CNY 22.25
- Share price (Oct 27, 2026)
- CNY 1.39
- Price vs Graham value
- 94% below
- Market cap
- CNY 293.2M
- Revenue (FY2025)
- CNY 2.4B
- Revenue growth (10-yr CAGR)
- 25.6%
- ROIC (10-yr avg)
- 20.0%
- Free cash flow (FY2025)
- CNY 113.5M
VIOT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | CNY 2.4B | CNY 141.9M | CNY 0.67 | CNY 113.5M | 5.3% | 17.8% |
| FY2024 | CNY 2.1B | CNY 62.3M | CNY 0.31 | CNY 687.4M | 7.4% | 16.0% |
| FY2023 | CNY 2.5B | -CNY 84.7M | -CNY 0.41 | -CNY 213.4M | 4.4% | 11.9% |
| FY2022 | CNY 3.2B | -CNY 275.5M | -CNY 1.32 | -CNY 479.7M | 1.7% | 5.7% |
| FY2021 | CNY 5.3B | CNY 88.6M | CNY 0.40 | CNY 209.5M | — | 8.4% |
| FY2020 | CNY 5.8B | CNY 173.3M | CNY 0.80 | CNY 137.7M | — | 22.5% |
| FY2019 | CNY 4.6B | CNY 292.2M | CNY 1.35 | CNY 189.4M | — | 57.8% |
| FY2018 | CNY 2.6B | CNY 65.4M | CNY 0.64 | CNY 208.8M | — | — |
| FY2017 | CNY 873.2M | CNY 93.2M | CNY 0.10 | CNY 122.7M | — | — |
| FY2016 | CNY 312.6M | CNY 16.3M | -CNY 0.05 | CNY 13.9M | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in CNY.
Executive summary
Viomi Technology Co., Ltd is a consistent compounder, expanding top-line revenue at 25.6% annually over the past decade.
Viomi Technology Co., Ltd has earned high returns on invested capital, averaging 20.0% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Viomi Technology Co., Ltd 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, Viomi Technology Co., Ltd is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $22.25 per share.