DILLARD'S, Inc. (DDT) intrinsic value & 10-year financials
DILLARD'S, Inc. (DDT) has a Graham intrinsic value of $1,209.72 per share. Over the last 10 fiscal years revenue grew 0.1% a year to $6.5B, with an average return on invested capital of 41.6%.
- Graham intrinsic value
- $1,209.72
- Revenue (FY2026)
- $6.5B
- Revenue growth (10-yr CAGR)
- 0.1%
- ROIC (10-yr avg)
- 41.6%
- Free cash flow (FY2026)
- $623.6M
DDT 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $6.5B | $570.2M | $36.42 | $623.6M | — | 55.8% |
| FY2025 | $6.5B | $593.5M | $36.82 | $609.6M | — | 58.7% |
| FY2024 | $6.8B | $738.8M | $44.73 | $750.6M | — | 78.1% |
| FY2023 | $6.9B | $891.6M | $50.81 | $828.3M | — | 102.6% |
| FY2022 | $6.5B | $862.5M | $41.88 | $1.2B | — | 91.8% |
| FY2021 | $4.4B | -$71.7M | -$3.16 | $192.5M | — | -5.0% |
| FY2020 | $6.3B | $111.1M | $4.38 | $261.7M | — | 6.1% |
| FY2019 | $6.5B | $170.3M | $6.23 | $230.2M | — | 8.6% |
| FY2018 | $6.4B | $221.3M | $7.51 | $143.8M | — | 11.0% |
| FY2017 | $6.4B | $169.2M | $4.93 | $407.4M | — | 8.5% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
DILLARD'S, INC. has demonstrated mature, steady growth, with revenue compounding at 0.1% annually over the past decade.
DILLARD'S, INC. has earned high returns on invested capital, averaging 41.6% 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, DILLARD'S, INC. shows that management has aggressively returned capital to shareholders by retiring 100.0% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, DILLARD'S, INC. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1209.72 per share.