Alkaline Water Co. Inc. (WTER) intrinsic value & 10-year financials
Alkaline Water Co. Inc. (WTER) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 69.0% a year to $63.8M, with an average return on invested capital of 1545.2%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $0.02
- Market cap
- $210.7K
- Revenue (FY2023)
- $63.8M
- Revenue growth (10-yr CAGR)
- 69.0%
- ROIC (10-yr avg)
- 1545.2%
- Free cash flow (FY2023)
- -$11.9M
WTER 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2023 | $63.8M | -$27.4M | -$2.99 | -$11.9M | -34.5% | 750.4% |
| FY2022 | $60.6M | -$39.6M | -$0.40 | -$32.8M | -64.4% | -6465.7% |
| FY2021 | $40.1M | -$16.4M | -$0.24 | -$14.9M | -39.5% | 4296.0% |
| FY2020 | $41.1M | -$14.8M | — | -$14.1M | -34.9% | 504.4% |
| FY2019 | $32.2M | -$8.6M | — | -$9.5M | -25.0% | -145.8% |
| FY2018 | $19.8M | -$6.7M | — | -$2.9M | -29.9% | -1034.2% |
| FY2017 | $12.8M | -$3.5M | — | -$2.8M | -19.9% | -292.8% |
| FY2016 | $7.1M | -$8.3M | — | -$3.5M | -105.5% | -921.7% |
| FY2015 | $3.7M | -$7.1M | — | -$3.5M | -186.8% | 17478.3% |
| FY2014 | $567.8K | -$4.5M | — | -$2.0M | — | 1282.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ALKALINE WATER Co INC is a consistent compounder, expanding top-line revenue at 69.0% annually over the past decade.
ALKALINE WATER Co INC has historically struggled to out-earn its cost of capital, averaging just 1.0% ROIC.
ALKALINE WATER Co 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, ALKALINE WATER Co INC is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-99.31 per share.