Hamilton Beach Brands Holding Co. (HBB) intrinsic value & 10-year financials
Hamilton Beach Brands Holding Co. (HBB) has a Graham intrinsic value of $15.07 per share. At $33.85 on Oct 17, 2026, the stock trades 125% above that value. Over the last 10 fiscal years revenue shrank 2.3% a year to $606.9M, with an average return on invested capital of 18.5%.
- Graham intrinsic value
- $15.07
- Share price (Oct 17, 2026)
- $33.85
- Price vs Graham value
- 125% above
- Market cap
- $459.4M
- Revenue (FY2025)
- $606.9M
- Revenue growth (10-yr CAGR)
- -2.3%
- ROIC (10-yr avg)
- 18.5%
- Free cash flow (FY2025)
- $11.0M
HBB 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $606.9M | $26.5M | $1.95 | $11.0M | 6.0% | 12.6% |
| FY2024 | $654.7M | $30.8M | $2.20 | $62.2M | 6.6% | 18.4% |
| FY2023 | $625.6M | $25.2M | $1.80 | $85.2M | 5.6% | 12.2% |
| FY2022 | $640.9M | $25.3M | $1.81 | -$5.7M | 6.1% | 14.0% |
| FY2021 | $658.4M | $21.3M | $1.53 | $6.0M | 4.8% | 12.4% |
| FY2020 | $603.7M | $46.3M | $3.37 | -$31.2M | 6.2% | 21.5% |
| FY2019 | $612.8M | -$3.5M | -$0.99 | -$3.9M | 6.0% | 17.0% |
| FY2018 | $743.2M | $21.8M | $1.29 | $3.7M | 4.3% | 26.1% |
| FY2017 | $740.7M | $17.9M | $1.31 | $26.1M | 5.1% | 21.2% |
| FY2016 | $745.4M | $26.2M | $1.91 | $56.6M | 5.8% | 29.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Hamilton Beach Brands Holding Co is facing top-line stagnation, with revenue contracting over the decade.
Hamilton Beach Brands Holding Co has earned high returns on invested capital, averaging 18.5% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Hamilton Beach Brands Holding Co 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, Hamilton Beach Brands Holding Co is modeled at 0.2% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $15.07 per share.