Brighthouse Financial, Inc. (BHFAP) intrinsic value & 10-year financials
Brighthouse Financial, Inc. (BHFAP) has a Graham intrinsic value of $9.56 per share. Over the last 10 fiscal years revenue grew 9.4% a year to $6.8B, with an average return on invested capital of -3.6%.
- Graham intrinsic value
- $9.56
- Revenue (FY2025)
- $6.8B
- Revenue growth (10-yr CAGR)
- 9.4%
- ROIC (10-yr avg)
- -3.6%
- Free cash flow (FY2025)
- —
BHFAP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $6.8B | $433.0M | $5.71 | — | — | 11.4% |
| FY2024 | $4.7B | $388.0M | $4.64 | — | — | 10.6% |
| FY2023 | $4.1B | -$1.1B | -$18.39 | — | — | -24.0% |
| FY2022 | $8.5B | $5.0M | -$1.36 | — | — | 0.1% |
| FY2021 | $7.1B | -$108.0M | -$2.36 | — | — | -0.7% |
| FY2020 | $8.5B | -$1.1B | -$11.58 | — | — | -6.1% |
| FY2019 | $6.6B | -$740.0M | -$6.76 | — | — | -4.6% |
| FY2018 | $9.0B | $865.0M | $7.21 | — | — | 5.7% |
| FY2017 | $6.8B | -$378.0M | -$3.16 | — | — | -2.7% |
| FY2016 | $3.0B | -$2.9B | -$24.54 | — | — | -25.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Brighthouse Financial, Inc. is a consistent compounder, expanding top-line revenue at 9.4% annually over the past decade.
Brighthouse Financial, Inc. has historically struggled to out-earn its cost of capital, averaging just -3.6% ROIC.
Over the decade, Brighthouse Financial, Inc. shows that management has aggressively returned capital to shareholders by retiring 51.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Brighthouse Financial, Inc. is modeled at -3.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.56 per share.