First Capital Inc. (FCAP) intrinsic value & 10-year financials
First Capital Inc. (FCAP) has a Graham intrinsic value of $103.36 per share. At $61.16 on Oct 17, 2026, the stock trades 41% below that value. Over the last 10 fiscal years revenue grew 5.4% a year to $7.2M, with an average return on invested capital of 11.0%.
- Graham intrinsic value
- $103.36
- Share price (Oct 17, 2026)
- $61.16
- Price vs Graham value
- 41% below
- Market cap
- $204.8M
- Revenue (FY2025)
- $7.2M
- Revenue growth (10-yr CAGR)
- 5.4%
- ROIC (10-yr avg)
- 11.0%
- Free cash flow (FY2025)
- $19.9M
FCAP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $7.2M | $16.4M | $4.89 | $19.9M | — | 13.0% |
| FY2024 | $7.1M | $11.9M | $3.57 | $21.6M | 200.7% | 10.9% |
| FY2023 | $7.0M | $12.8M | $3.82 | $13.5M | 214.7% | 13.4% |
| FY2022 | $7.1M | $11.9M | $3.55 | $16.1M | 199.2% | 12.0% |
| FY2021 | $6.4M | $11.4M | $3.41 | $21.3M | 212.2% | 10.2% |
| FY2020 | $5.8M | $10.1M | $3.02 | $11.5M | 205.5% | 9.7% |
| FY2019 | $5.5M | $10.3M | $3.09 | $11.1M | 223.0% | 11.2% |
| FY2018 | $5.3M | $9.3M | $2.77 | $12.9M | 202.9% | 11.1% |
| FY2017 | $5.0M | $7.4M | $2.23 | $12.2M | 212.5% | 9.5% |
| FY2016 | $4.5M | $6.9M | $2.05 | $6.2M | 210.6% | 9.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
FIRST CAPITAL INC has demonstrated mature, steady growth, with revenue compounding at 5.4% annually over the past decade.
FIRST CAPITAL INC returns on capital have been average, hovering around 11.0% ROIC over the decade.
FIRST CAPITAL 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, FIRST CAPITAL INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $103.36 per share.