Lifevantage Corp
LFVNdata completeness 88%16 fiscal years on fileData notes: no data for concept 'investmentsAtFairValue'; no data for concept 'netInvestmentIncome'; no data for concept 'gainsOnRealEstateSales'; no data for concept 'realEstateImpairment'
Lifevantage Corp earns about 34% on invested capital, far above its ~9% cost of capital, and has bought back 3% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $2.47 and $33.29 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|
| Revenue | $206.4M1 | $213.4M2 | $200.2M3 | $228.5M4 | $182.6M4 |
| Net income | $3.12M5 | $2.54M6 | $2.94M7 | $9.81M8 | $5.07M8 |
| Operating cash flow | $7.96M9 | $6.83M10 | $12.2M11 | $11.9M12 | $10.2M12 |
| Capital expenditure | $1.53M13 | $3.07M14 | $2.25M15 | $1.37M16 | $3.57M16 |
| Free cash flow (derived) | $6.43M9 | $3.76M10 | $9.95M11 | $10.5M12 | $6.67M12 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $20.2M17 | $21.6M18 | $16.9M19 | $20.2M19 | $14.9M20 |
| Diluted shares | 13.1M | 12.6M | 13.0M | 13.0M | 12.7M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $26.44 of net worth that earned you $3.99 and generated $5.25 of cash last year.
It earned about 34% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is down 3% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $2.47 and $33.29 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate5.0%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth15.7%
- fcfBase$9.95M
assumptions (10)
- riskFreeRate5.0%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth15.7%
- fcfBase$9.95M
assumptions (8)
- riskFreeRate5.0%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$3.12M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $11.89 |
| Base | 15.7% | $21.77 |
| Bull | 20.0% | $25.54 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 15.7%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 10-K · period ending 2022-06-30 · accession 0000849146-23-000102 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-06-30 · accession 0000849146-24-000073 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-06-30 · accession 0000849146-25-000068 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2025-06-30 · accession 0001193125-26-371257 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-06-30 · accession 0000849146-23-000102 (NetIncomeLoss)
- 10-K · period ending 2023-06-30 · accession 0000849146-24-000073 (NetIncomeLoss)
- 10-K · period ending 2024-06-30 · accession 0000849146-25-000068 (NetIncomeLoss)
- 10-K · period ending 2025-06-30 · accession 0001193125-26-371257 (NetIncomeLoss)
- 10-K · period ending 2022-06-30 · accession 0000849146-23-000102 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-06-30 · accession 0000849146-24-000073 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-06-30 · accession 0000849146-25-000068 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2025-06-30 · accession 0001193125-26-371257 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-06-30 · accession 0000849146-23-000102 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-06-30 · accession 0000849146-24-000073 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-06-30 · accession 0000849146-25-000068 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2025-06-30 · accession 0001193125-26-371257 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-06-30 · accession 0000849146-23-000102 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-06-30 · accession 0000849146-24-000073 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-06-30 · accession 0000849146-25-000068 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2026-06-30 · accession 0001193125-26-371257 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)