Vestand Inc. (VSTD) intrinsic value & 10-year financials

Vestand Inc. (VSTD) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 5 fiscal years revenue grew 25.2% a year to $12.8M, with an average return on invested capital of -35.6%.

Graham intrinsic value
—
Share price (Oct 17, 2026)
$0.00
Market cap
$1.7K
Revenue (FY2024)
$12.8M
Revenue growth (5-yr CAGR)
25.2%
ROIC (10-yr avg)
-35.6%
Free cash flow (FY2024)
$113.7K

VSTD 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2024 $12.8M -$2.7M -$1.98 $113.7K -19.9% -39.8%
FY2023 $9.2M -$3.0M -$2.29 -$6.1M -38.1% -59.1%
FY2022 $8.3M -$3.5M -$3.23 -$5.3M -45.7% -185.5%
FY2021 $6.5M -$1.6M — -$702.5K -28.5% 141.9%
FY2020 — — — — — —

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

Executive summary

Vestand Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.

Vestand Inc. returns on capital have been average, hovering around 10.3% ROIC over the decade.

Vestand Inc. 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, Vestand Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-65.77 per share.

VSTD stock: frequently asked questions

What is the intrinsic value of Vestand Inc. (VSTD) stock?

Graham's formula only works with positive earnings. Vestand Inc. reported diluted EPS of -$1.98 in fiscal 2024, so no Graham value is shown. The 10-year table shows revenue and cash-flow trends instead.

Does Vestand Inc. generate free cash flow?

Vestand Inc. generated $113.7K of free cash flow (operating cash flow minus capital expenditures) in fiscal 2024. Free cash flow was positive in 1 of the last 4 reported years.

What is VSTD's return on invested capital?

Average ROIC over the last 5 fiscal years was -35.6%, and average return on equity was -94.6%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this VSTD data come from?

From Vestand Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Aug 20, 2025. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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