Comstock Holding Companies, Inc. (CHCI) intrinsic value & 10-year financials
Comstock Holding Companies, Inc. (CHCI) has a Graham intrinsic value of $54.09 per share. At $17.80 on Oct 27, 2026, the stock trades 67% below that value. Over the last 10 fiscal years revenue grew 5.0% a year to $62.9M, with an average return on invested capital of 13.9%.
- Graham intrinsic value
- $54.09
- Share price (Oct 27, 2026)
- $17.80
- Price vs Graham value
- 67% below
- Market cap
- $186.4M
- Revenue (FY2025)
- $62.9M
- Revenue growth (10-yr CAGR)
- 5.0%
- ROIC (10-yr avg)
- 13.9%
- Free cash flow (FY2025)
- —
CHCI 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $62.9M | $17.1M | — | — | 19.0% | 33.1% |
| FY2024 | $51.3M | $14.6M | — | — | 20.1% | 38.3% |
| FY2023 | $44.7M | $7.8M | $0.77 | — | 20.5% | 35.7% |
| FY2022 | $39.3M | $7.3M | $0.98 | — | 20.2% | 34.0% |
| FY2021 | $31.1M | $13.6M | $1.50 | — | 16.3% | 26.1% |
| FY2020 | $28.7M | $2.1M | $0.24 | — | 8.9% | 17.5% |
| FY2019 | $25.3M | $893.0K | $0.13 | — | 9.0% | 28.3% |
| FY2018 | $56.7M | -$4.5M | -$1.22 | $16.2M | -9.0% | -31.1% |
| FY2017 | $45.4M | -$5.0M | -$1.21 | $4.7M | -10.6% | -18.7% |
| FY2016 | $40.7M | -$9.0M | -$2.81 | -$11.9M | -16.9% | -24.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Comstock Holding Companies, Inc. has demonstrated mature, steady growth, with revenue compounding at 4.9% annually over the past decade.
Comstock Holding Companies, Inc. returns on capital have been average, hovering around 13.9% ROIC over the decade.
Comstock Holding Companies, Inc. 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, Comstock Holding Companies, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $54.09 per share.