Bank Of America Corp. /DE/ (BACRP) intrinsic value & 10-year financials
Bank Of America Corp. /DE/ (BACRP) has a Graham intrinsic value of $80.53 per share. Over the last 10 fiscal years revenue grew 3.4% a year to $113.1B, with an average return on invested capital of 9.0%.
- Graham intrinsic value
- $80.53
- Revenue (FY2025)
- $113.1B
- Revenue growth (10-yr CAGR)
- 3.4%
- ROIC (10-yr avg)
- 9.0%
- Free cash flow (FY2025)
- —
BACRP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $113.1B | $30.5B | $3.81 | — | — | 8.4% |
| FY2024 | $101.9B | $27.1B | $3.21 | — | — | 9.2% |
| FY2023 | $98.6B | $26.5B | $3.08 | — | — | 8.8% |
| FY2022 | $95.0B | $27.5B | $3.19 | — | — | 10.4% |
| FY2021 | $89.1B | $32.0B | $3.57 | — | — | 17.9% |
| FY2020 | $85.5B | $17.9B | $1.87 | — | — | 7.2% |
| FY2019 | $91.2B | $27.4B | $2.75 | — | — | 8.3% |
| FY2018 | $91.2B | $28.1B | $2.61 | — | — | 8.6% |
| FY2017 | $87.4B | $18.2B | $1.56 | — | — | 5.4% |
| FY2016 | $83.7B | $17.9B | $1.50 | — | — | 5.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BANK OF AMERICA CORP /DE/ has demonstrated mature, steady growth, with revenue compounding at 3.4% annually over the past decade.
BANK OF AMERICA CORP /DE/ returns on capital have been average, hovering around 9.0% ROIC over the decade.
Over the decade, BANK OF AMERICA CORP /DE/ shows that management has aggressively returned capital to shareholders by retiring 30.4% of outstanding shares, and that the company has leveraged its balance sheet to sustain operations.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BANK OF AMERICA CORP /DE/ is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $80.53 per share.