Check Point Software Technologies Ltd. (CHKP) intrinsic value & 10-year financials
Check Point Software Technologies Ltd. (CHKP) has a Graham intrinsic value of $203.34 per share. Over the last 10 fiscal years revenue grew 5.1% a year to $2.7B, with an average return on invested capital of 26.8%.
- Graham intrinsic value
- $203.34
- Revenue (FY2025)
- $2.7B
- Revenue growth (10-yr CAGR)
- 5.1%
- ROIC (10-yr avg)
- 26.8%
- Free cash flow (FY2025)
- $1.2B
CHKP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $2.7B | $1.1B | $9.62 | $1.2B | 30.5% | 48.8% |
| FY2024 | $2.6B | $845.7M | $7.46 | $1.0B | 34.2% | 33.1% |
| FY2023 | $2.4B | $840.3M | $7.10 | $1.0B | 37.2% | 33.7% |
| FY2022 | $2.3B | $796.9M | $6.31 | $1.1B | 38.0% | 24.5% |
| FY2021 | $2.2B | $815.6M | $6.08 | $1.2B | 41.9% | 23.2% |
| FY2020 | $2.1B | $846.6M | $5.96 | $1.1B | 43.8% | 22.4% |
| FY2019 | $2.0B | $825.7M | $5.43 | $1.1B | 44.2% | 20.6% |
| FY2018 | $1.9B | $821.3M | $5.15 | $1.1B | 47.7% | 20.8% |
| FY2017 | $1.9B | $802.9M | $4.82 | $1.1B | 49.8% | 21.5% |
| FY2016 | $1.7B | $724.8M | $4.18 | $925.2M | 48.9% | 19.7% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
CHECK POINT SOFTWARE TECHNOLOGIES LTD has demonstrated mature, steady growth, with revenue compounding at 5.1% annually over the past decade.
CHECK POINT SOFTWARE TECHNOLOGIES LTD has earned high returns on invested capital, averaging 38.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Over the decade, CHECK POINT SOFTWARE TECHNOLOGIES LTD shows that management has aggressively returned capital to shareholders by retiring 36.6% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, CHECK POINT SOFTWARE TECHNOLOGIES LTD is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $203.34 per share.