NETSOL TECHNOLOGIES INC
NTWKdata completeness 100%15 fiscal years on fileNETSOL TECHNOLOGIES INC earns about 9% on invested capital, barely covering its ~9% cost of capital, with a roughly flat share count. The estimate methods put fair value between $0.61 and $1.94 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $54.9M1 | $57.2M2 | $52.4M3 | $61.4M4 | $66.1M4 |
| Net income | $1.78M5 | −$851,1566 | −$5.24M7 | $683,8738 | $2.92M8 |
| Operating cash flow | $15.7M9 | $3.06M10 | $2.01M11 | $2.91M12 | $447,26712 |
| Capital expenditure | $2.55M13 | $2.61M14 | $1.64M15 | $515,40416 | $1.38M16 |
| Free cash flow (derived) | $13.2M9 | $451,41710 | $370,13311 | $2.39M12 | −$935,50312 |
| Total debt | $2.93M17 | $1.7M18 | $668,93819 | $113,68420 | $153,23621 |
| Cash & equivalents | $33.7M22 | $24M23 | $15.5M24 | $19.1M25 | $17.4M25 |
| Diluted shares | 11.5M | 11.3M | 11.3M | 11.4M | 11.6M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $32.68 of net worth that earned you $2.53 and generated −$0.81 of cash last year, against $0.13 of debt.
It earned about 9% on invested capital against a ~9% cost of capital — roughly what it costs to fund the business, so the numbers show no clear edge.
seeing a moat in the numbers →Share count is roughly flat over 5 years — little dilution, little buyback. Total debt has fallen 95% — deleveraging.
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 $0.61 and $1.94 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)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth0.0%
- fcfBase$370,133
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$370,133
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$683,873
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $1.94 |
| Base | 0.0% | $1.94 |
| Bull | 5.0% | $2.05 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 0.0%= 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 2021-06-30 · accession 0001493152-22-026889 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-06-30 · accession 0001493152-23-033429 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-06-30 · accession 0001493152-24-038751 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-06-30 · accession 0001493152-25-015950 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2021-06-30 · accession 0001493152-22-026889 (NetIncomeLoss)
- 10-K · period ending 2022-06-30 · accession 0001493152-23-033429 (NetIncomeLoss)
- 10-K · period ending 2023-06-30 · accession 0001493152-24-038751 (NetIncomeLoss)
- 10-K · period ending 2024-06-30 · accession 0001493152-25-015950 (NetIncomeLoss)
- 10-K · period ending 2021-06-30 · accession 0001493152-22-026889 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-06-30 · accession 0001493152-23-033429 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-06-30 · accession 0001493152-24-038751 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-06-30 · accession 0001493152-25-015950 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-06-30 · accession 0001493152-22-026889 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-06-30 · accession 0001493152-23-033429 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-06-30 · accession 0001493152-24-038751 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-06-30 · accession 0001493152-25-015950 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-06-30 · accession 0001493152-21-023957 (LongTermDebtCurrent)
- 10-K · period ending 2022-06-30 · accession 0001493152-22-026889 (LongTermDebtCurrent)
- 10-K · period ending 2023-06-30 · accession 0001493152-23-033429 (LongTermDebtNoncurrent)
- 10-K · period ending 2024-06-30 · accession 0001493152-24-038751 (LongTermDebtNoncurrent)
- 10-K · period ending 2025-06-30 · accession 0001493152-25-015950 (LongTermDebtNoncurrent)
- 10-K · period ending 2021-06-30 · accession 0001493152-22-026889 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-06-30 · accession 0001493152-23-033429 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-06-30 · accession 0001493152-24-038751 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-06-30 · accession 0001493152-25-015950 (CashAndCashEquivalentsAtCarryingValue)