Balchem Corp. (BCPC) intrinsic value & 10-year financials
Balchem Corp. (BCPC) has a Graham intrinsic value of $100.40 per share. At $170.73 on Oct 17, 2026, the stock trades 70% above that value. Over the last 10 fiscal years revenue grew 7.2% a year to $1.0B, with an average return on invested capital of 12.6%.
- Graham intrinsic value
- $100.40
- Share price (Oct 17, 2026)
- $170.73
- Price vs Graham value
- 70% above
- Market cap
- $5.6B
- Revenue (FY2025)
- $1.0B
- Revenue growth (10-yr CAGR)
- 7.2%
- ROIC (10-yr avg)
- 12.6%
- Free cash flow (FY2025)
- $173.1M
BCPC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.0B | $154.8M | $4.75 | $173.1M | 20.2% | 14.1% |
| FY2024 | $953.7M | $128.5M | $3.93 | $146.3M | 19.2% | 13.3% |
| FY2023 | $922.4M | $108.5M | $3.35 | $145.9M | 17.3% | 13.3% |
| FY2022 | $942.4M | $105.4M | $3.25 | $89.5M | 15.4% | 13.7% |
| FY2021 | $799.0M | $96.1M | $2.94 | $124.4M | 16.0% | 12.8% |
| FY2020 | $703.6M | $84.6M | $2.60 | $118.4M | 15.8% | 12.3% |
| FY2019 | $643.7M | $79.7M | $2.45 | $98.7M | 15.9% | 11.5% |
| FY2018 | $643.7M | $78.6M | $2.42 | $99.5M | 16.7% | 12.2% |
| FY2017 | $594.8M | $90.1M | $2.79 | $83.1M | 16.4% | 14.4% |
| FY2016 | $553.2M | $56.0M | $1.75 | $84.6M | 16.4% | 8.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
BALCHEM CORP has demonstrated mature, steady growth, with revenue compounding at 7.2% annually over the past decade.
BALCHEM CORP returns on capital have been average, hovering around 12.6% ROIC over the decade.
BALCHEM CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, BALCHEM CORP is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $100.40 per share.