Zoned Properties, Inc. (ZDPY) intrinsic value & 10-year financials
Zoned Properties, Inc. (ZDPY) has a Graham intrinsic value of $1.27 per share. At $0.47 on Oct 17, 2026, the stock trades 63% below that value. Over the last 10 fiscal years revenue grew 9.3% a year to $4.1M, with an average return on invested capital of -12.3%.
- Graham intrinsic value
- $1.27
- Share price (Oct 17, 2026)
- $0.47
- Price vs Graham value
- 63% below
- Market cap
- $5.7M
- Revenue (FY2025)
- $4.1M
- Revenue growth (10-yr CAGR)
- 9.3%
- ROIC (10-yr avg)
- -12.3%
- Free cash flow (FY2025)
- —
ZDPY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $4.1M | -$2.9M | -$0.24 | — | -45.5% | -26.0% |
| FY2024 | $3.8M | $574.0K | $0.06 | $571.7K | 29.1% | 4.8% |
| FY2023 | $405.1K | -$540.3K | -$0.04 | $81.5K | 41.8% | -38.4% |
| FY2022 | $1.8M | -$574.4K | -$0.05 | $868.1K | -6.1% | -40.8% |
| FY2021 | $1.3M | -$165.8K | -$0.01 | $486.6K | 3.5% | -2.8% |
| FY2020 | $1.1M | -$78.3K | -$0.01 | $169.1K | 3.4% | -1.3% |
| FY2019 | $1.1M | -$12.3K | $0.00 | — | 0.1% | -0.2% |
| FY2018 | $50.2K | -$2.0M | -$0.12 | — | -3910.8% | -29.5% |
| FY2017 | $2.1M | $1.4M | $0.07 | $51.3K | 33.0% | 19.7% |
| FY2016 | $1.9M | -$501.6K | -$0.03 | -$5.6K | -14.7% | -8.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Zoned Properties, Inc. is a consistent compounder, expanding top-line revenue at 9.3% annually over the past decade.
Zoned Properties, Inc. has historically struggled to out-earn its cost of capital, averaging just -12.3% ROIC.
Over the decade, Zoned Properties, Inc. shows that management has aggressively returned capital to shareholders by retiring 29.7% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Zoned Properties, Inc. is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.27 per share.