Canterbury Park Holding Corp. (CPHC) intrinsic value & 10-year financials
Canterbury Park Holding Corp. (CPHC) has a Graham intrinsic value of $4.11 per share. At $15.82 on Oct 17, 2026, the stock trades 285% above that value. Over the last 10 fiscal years revenue grew 1.4% a year to $59.6M, with an average return on invested capital of 10.4%.
- Graham intrinsic value
- $4.11
- Share price (Oct 17, 2026)
- $15.82
- Price vs Graham value
- 285% above
- Market cap
- $80.3M
- Revenue (FY2025)
- $59.6M
- Revenue growth (10-yr CAGR)
- 1.4%
- ROIC (10-yr avg)
- 10.4%
- Free cash flow (FY2025)
- —
CPHC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $59.6M | -$529.4K | -$0.10 | — | 4.1% | 2.2% |
| FY2024 | $61.6M | $2.1M | $0.42 | — | 10.4% | 6.7% |
| FY2023 | $61.4M | $10.6M | $2.13 | — | 18.7% | 13.7% |
| FY2022 | $66.8M | $7.5M | $1.54 | — | 16.3% | 14.4% |
| FY2021 | $60.4M | $11.8M | $2.44 | — | 29.4% | 25.6% |
| FY2020 | $33.1M | $1.1M | $0.23 | — | 1.9% | 0.6% |
| FY2019 | $59.2M | $2.7M | $0.59 | — | 6.1% | 5.5% |
| FY2018 | $59.1M | $5.7M | $1.26 | — | 12.9% | 13.5% |
| FY2017 | $57.0M | $4.1M | $0.93 | $2.2M | 7.9% | 10.5% |
| FY2016 | $52.5M | $4.2M | $0.97 | $41.5K | 13.6% | 11.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Canterbury Park Holding Corp has demonstrated mature, steady growth, with revenue compounding at 1.4% annually over the past decade.
Canterbury Park Holding Corp returns on capital have been average, hovering around 10.4% ROIC over the decade.
Canterbury Park Holding 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, Canterbury Park Holding Corp is modeled at 1.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $4.11 per share.