Athene Holding Ltd. (ATHS) intrinsic value & 10-year financials
Athene Holding Ltd. (ATHS) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 22.6% a year to $25.7B, with an average return on invested capital of 61.4%.
- Graham intrinsic value
- —
- Revenue (FY2025)
- $25.7B
- Revenue growth (10-yr CAGR)
- 22.6%
- ROIC (10-yr avg)
- 61.4%
- Free cash flow (FY2025)
- —
ATHS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $25.7B | $2.7B | — | — | — | 27.3% |
| FY2024 | $20.7B | $3.5B | — | — | — | 51.5% |
| FY2023 | $28.2B | $4.7B | — | — | — | 512.1% |
| FY2022 | $7.6B | -$4.2B | — | — | — | -81.2% |
| FY2021 | $26.3B | $3.9B | — | — | — | 29.2% |
| FY2020 | $14.8B | $1.5B | — | — | — | 13.1% |
| FY2019 | $16.3B | $2.2B | — | — | — | 20.5% |
| FY2018 | $6.5B | $1.1B | — | — | — | 12.0% |
| FY2017 | $8.7B | $1.4B | — | — | — | 18.0% |
| FY2016 | $4.1B | $805.0M | — | — | — | 11.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Athene Holding Ltd. is a consistent compounder, expanding top-line revenue at 22.6% annually over the past decade.
Athene Holding Ltd. returns on capital have been average, hovering around 10.7% ROIC over the decade.
Athene Holding Ltd. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Athene Holding Ltd. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment.