VALUE LINE INC VALU
Value Line, Inc. is a New York corporation headquartered in New York City and formed in 1982. The Company's core business is producing investment periodicals and their underlying research and making available certain Value Line copyrights, Value Line trademarks and Value Line Proprietary Ranks and other proprietary information, to third parties under written agreements for use in third-party managed and marketed investment products and for other purposes. Value Line markets under well-known brands including Value Line®, the Value Line logo®, The Value Line Investment Survey®, Smart Research, Smarter Investing™ and The Most Trusted Name in Investment Research®. The name "Value Line" as used to describe the Company, its products, and its subsidiaries, is a registered trademark of the Company. Effective December 23, 2010, EULAV Asset Management Trust ("EAM") was established to provide investment management services to the Value Line Funds accounts and provides distribution, marketing, and administrative services to the Value Line Funds. Value Line holds substantial non-voting revenues and non-voting profits interests in EAM.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.4M | $35.1M | $37.5M | $39.7M | $40.5M | $40.4M | $40.3M | $36.3M | $35.9M | $34.6M |
| Total operating expenses | $29.4M | $29.1M | $28.3M | $28.2M | $29.7M | $32.9M | $31.2M | $30.8M | $33.3M | $35.2M |
| Operating income | $4.0M | $6.0M | $9.1M | $11.5M | $10.8M | $7.5M | $9.1M | $5.4M | $2.6M | $7.5M |
| Pre-tax income | $29.4M | $27.5M | $25.2M | $23.8M | $30.6M | $30.3M | $20.7M | $16.3M | $17.6M | $15.5M |
| Income tax | $7.8M | $6.9M | $6.2M | $5.7M | $6.8M | $7.0M | $5.7M | $4.3M | $2.8M | $5.1M |
| Net income | $21.6M | $20.7M | $19.0M | $18.1M | $23.8M | $23.3M | $14.9M | $12.0M | $14.7M | $10.4M |
| EPS, basic | 2.30 | 2.20 | 2.02 | 1.91 | 2.50 | 2.43 | 1.55 | — | — | — |
| EPS, diluted | — | — | — | — | — | 1.55 | 1.24 | 1.24 | 1.52 | 1.07 |
| Shares, diluted (wtd. avg.) | $9.4M | $9.4M | $9.4M | $9.5M | $9.5M | $9.6M | $9.6M | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $24.2M | $34.1M | $4.4M | $7.9M | $30.0M | $19.2M | $5.4M | $7.0M | $6.4M | $7.0M |
| Short-term investments | $23.7M | $33.6M | $4.1K | $7.2M | $29.0M | $18.2M | $2.1M | $5.6M | $5.0M | $6.1M |
| Receivables | $1.0M | $1.3M | $1.3M | $2.1M | $1.7M | $4.0M | $4.4M | $1.5M | $1.0M | $1.0M |
| Total current assets | $89.2M | $79.9M | $71.0M | $66.1M | $61.3M | $51.2M | $40.5M | $31.4M | $26.6M | $25.8M |
| Property, plant and equipment | $2.2M | $3.5M | $4.4M | $5.8M | $7.1M | $8.3M | $9.5M | $1.1M | $1.4M | $1.2M |
| Total assets | $151.9M | $144.5M | $136.0M | $131.1M | $128.7M | $121.1M | $109.7M | $91.8M | $86.8M | $86.7M |
| Accounts payable | $1.8M | $1.5M | $1.4M | $1.3M | $1.3M | $2.1M | $2.1M | $2.1M | $1.9M | $1.3M |
| Short-term debt | — | — | — | — | $0 | $2.3M | $194.0K | — | — | — |
| Total current liabilities | $22.8M | $23.7M | $22.3M | $23.3M | $23.8M | $27.9M | $26.8M | $25.4M | $24.9M | $24.6M |
| Long-term debt | — | — | — | — | — | — | $2.1M | — | — | — |
| Total liabilities | $44.0M | $44.9M | $45.2M | $47.4M | $49.1M | $54.1M | $56.2M | $44.3M | $43.2M | $48.9M |
| Retained earnings | $122.6M | $113.4M | $104.2M | $96.0M | $87.6M | $72.5M | $50.2M | $48.6M | $44.9M | $39.2M |
| Total equity | $107.9M | $99.7M | $90.8M | $83.7M | $79.6M | $67.0M | $53.5M | $47.5M | $43.5M | $37.9M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.6M | $20.2M | $17.9M | $18.2M | $24.6M | $16.4M | $13.7M | $11.5M | $9.9M | $4.0M |
| Depreciation and amortisation | $1.3M | $1.3M | $1.4M | $1.3M | $1.3M | $1.3M | $266.0K | $367.0K | $1.1M | $4.6M |
| Capital expenditure | $0 | $178.0K | $15.0K | $30.0K | $11.0K | $33.0K | $2.0K | $11.0K | $408.0K | $1.3M |
| Investing cash flow | -$15.3M | $21.2M | -$10.0M | -$26.1M | -$3.4M | $7.4M | -$8.7M | -$3.0M | -$1.2M | -$2.8M |
| Financing cash flow | -$13.2M | -$11.8M | -$11.1M | -$14.2M | -$10.9M | -$9.6M | -$6.6M | -$8.0M | -$9.3M | -$7.4M |
| Dividends paid | $12.2M | $11.3M | $10.6M | $9.5M | $8.4M | $8.1M | $7.7M | $7.4M | $8.9M | $6.6M |
| Buybacks | $928.0K | $453.0K | $523.0K | $4.7M | $2.5M | $1.5M | $1.2M | $608.0K | $354.0K | $741.0K |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-028394.
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