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Intellinetics, Inc (INLX) Fair Value & Analysis

Technology · US · Market cap $26.4M

II Intellinetics, Inc logo Intellinetics, Inc INLX · US
Price$5.38
Fair Value$1.87
Upside-65.2%
Quality47/100
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Mixed Growth
Loss-making · -14.3% net margin
Low debt · generates free cash flow
Trails peers (1/11)
Narrow moat 12/100
Evidence: Low Range $1.37 – $2.37 Share as image

Fair value as of: Jul 18, 2026

From 7 valuation models · updated 24 days ago

Fair value updated Jul 18, 2026, revised from $7.60 to $1.87 (−75.4%) since Jun 24, 2026. Share price −10.6% over the past month.

Below-average quality, and screening another 65% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($2.37). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

$15.40 $3.31 Fair Value $1.87 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range $3.31 – $15.40 · fair‑value band $1.37 – $2.37 · the $5.38 price screens above the $1.87 fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Intellinetics, Inc (INLX) currently trades at $5.38, while our model-based Fair Value estimate is $1.87, implying the stock looks roughly 65.2% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Intellinetics, Inc generated revenue of $16.2M at a net margin of -14.3%. Revenue declined 8.0% year over year. It earns a return on equity of -22.3%. Fundamentals as of Jul 18, 2026

Our scenario range runs from $1.37 (bear case) to $2.37 (bull case); at $5.38, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 63% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -27% fair-value upside, at -65%, INLX screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF $1.29 $2.19 $3.63 80
Rev-Margin DCF $1.21 $2.30 $3.90 74
NCAV (Graham) $1.27 $1.70 $2.53 50
All 7 models by family
DCF Models
FCF DCF $1.36 $2.09 $3.88 38
5Y Revenue Exit $1.21 $2.22 $4.01 39
10Y Revenue Exit $1.21 $2.27 $3.61 36
Multiples
EV/Revenue $1.12 $1.62 $2.13 43
Asset-Based
NCAV (Graham) $1.27 $1.70 $2.53 50
Growth DCF
Growth DCF $1.29 $2.19 $3.63 80
Rev-Margin DCF $1.21 $2.30 $3.90 74

Widest divergence: DCF Models ($2.22) versus Multiples ($1.62). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) $16.2M
Revenue growth (YoY) -8.0%
Net margin -14.3%
Return on equity -22.3%
Free cash flow $579K FY2025
Operating margin -30.3%
More key figures
EPS (TTM) $-0.5400
EPS growth (YoY) -40.9%
Net cash $873K FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 49 · Market factors (momentum, volatility) 19

Profitability 34
Margins and returns on capital today
Quality Growth 23
Are margins and returns improving?
Cashflow 35
Earnings quality: real cash, not paper profit
Fin. Strength 62
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 7
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 70
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Intellinetics, Inc. designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates through two segments, Software and Document Conversion.

Full company description

Intellinetics, Inc. designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates through two segments, Software and Document Conversion. The company's software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audio, videos, and emails. Its flagship software suite includes IntelliCloud platform that comprises image processing modules, accounts payable lifecycle automation, records management, workflow, and extended components; and YellowFolder, a specialized content management software solution for the K-12 education market. The company also provides installation, integration, training, and consulting services; ongoing software maintenance and customer support services; and digital scanning, microfilm and microfiche conversion, box storage, and repair and maintenance services, as well as long-term paper and microfilm storage, and retrieval option services. In addition, it offers business process outsourcing services. The company sells its products to resellers and directly to customers; and provides access to its software solutions as a service through the Internet. The company serves businesses; state, county, and municipal governments; and healthcare, K-12 education, public safety, other public sector, risk management, financial services, and others. The company was formerly known as GlobalWise Investments, Inc. and changed its name to Intellinetics, Inc. in September 2014. Intellinetics, Inc. was founded in 1996 and is headquartered in Columbus, Ohio.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Intellinetics, Inc reported revenue of $16.6M in FY2025 versus $11.5M in FY2021, a compound +9.7%/yr. Reported net income was −$1.9M in FY2025.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
$16.6M
Latest YoY
−8.0%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+5.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.0%
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.9%
Revenue +9.7%/yr
FY21 $11.5M
FY22 $14.0M
FY23 $16.9M
FY24 $18.0M
FY25 $16.6M
Net income
FY21 $1.4M
FY22 $24.0K
FY23 $519K
FY24 −$546K
FY25 −$1.9M

INLX screens 65% overvalued. Compare with SAP SE →

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Cite: Fair Value Calculator (2026). "Intellinetics, Inc Fair Value". https://www.fairvalue-calculator.com/stock/INLX

Peer Group

Software - Application · 709 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Below median
Fair Value upside −65% · Below median
Return on assets -8% · Bottom 25%
Net margin (TTM) -14% · Bottom 25%
Operating margin (TTM) -30% · Bottom 25%
Revenue growth -8% · Bottom 25%
Debt / equity 0.24× · Higher than median

Valuation Multiples vs Software - Application median · lower = cheaper

P/B 2.32× · Pricier than median
P/S (TTM) 1.62× · Cheaper than median
P/FCF 45.5× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 0
FUTURE 0 · sector 38
PAST 0 · sector 13
HEALTH 88 · sector 98
DIVIDEND 0 · sector 28

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Application stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

Stock Price Fair Value vs Fair Value
SAP SE SAPS C$12.69 C$16.26 +28%
Shopify Inc SHOP C$173.23 C$20.54 -88%
Uber Technologies, Inc UBER $72.67 $51.11 -30%
Salesforce, Inc CRM $170.77 $182.10 +7%
ServiceNow, Inc NOW $107.71 $33.12 -69%
Cadence Design Systems, Inc CDNS $384.17 $80.41 -79%
Snowflake Inc SNOW $271.87 $34.04 -87%
Adobe Inc ADBE $230.61 $379.48 +65%
Automatic Data Processing, Inc ADP $241.92 $177.51 -27%
Intuit Inc INTU $291.09 $258.69 -11%

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Frequently asked questions

Is Intellinetics, Inc (INLX) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of $1.87 versus a price of $5.38, about −65% (overvalued).
What is the fair value of INLX?
Our model-based fair value for Intellinetics, Inc is $1.87 (as of Jul 18, 2026), built from audited fundamentals. The current price is $5.38.
What is the quality score of INLX?
Intellinetics, Inc has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Intellinetics, Inc (INLX)?
Intellinetics, Inc reported trailing-twelve-month revenue of about $16.2M (latest available figure, as of Jul 18, 2026).
What is the net profit margin of INLX?
The net profit margin of Intellinetics, Inc is about -14.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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