Ltc Properties Inc. (LTC) intrinsic value & 10-year financials
Ltc Properties Inc. (LTC) has a Graham intrinsic value of $24.87 per share. At $43.68 on Oct 17, 2026, the stock trades 76% above that value. Over the last 10 fiscal years revenue grew 5.6% a year to $262.9M, with an average return on invested capital of 6.7%.
- Graham intrinsic value
- $24.87
- Share price (Oct 17, 2026)
- $43.68
- Price vs Graham value
- 76% above
- Market cap
- $2.0B
- Revenue (FY2025)
- $262.9M
- Revenue growth (10-yr CAGR)
- 5.6%
- ROIC (10-yr avg)
- 6.7%
- Free cash flow (FY2025)
- —
LTC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $262.9M | $118.0M | $2.52 | — | 77.9% | 11.6% |
| FY2024 | $209.8M | $91.0M | $2.04 | — | 44.0% | 5.5% |
| FY2023 | $197.2M | $89.7M | $2.16 | — | 45.6% | 5.4% |
| FY2022 | $175.2M | $100.0M | $2.48 | — | 56.6% | 6.5% |
| FY2021 | $155.3M | $55.9M | $1.41 | — | 35.3% | 3.8% |
| FY2020 | $159.3M | $95.3M | $2.42 | — | 60.0% | 6.7% |
| FY2019 | $185.3M | $80.5M | $2.02 | — | 44.2% | 5.6% |
| FY2018 | $168.6M | $155.0M | $3.89 | — | 90.3% | 10.6% |
| FY2017 | $168.1M | $87.3M | $2.20 | — | 48.4% | 5.9% |
| FY2016 | $161.6M | $85.1M | $2.21 | — | 49.8% | 6.0% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
LTC PROPERTIES INC has demonstrated mature, steady growth, with revenue compounding at 5.6% annually over the past decade.
LTC PROPERTIES INC has historically struggled to out-earn its cost of capital, averaging just 6.7% ROIC.
LTC PROPERTIES 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, LTC PROPERTIES INC is modeled at 1.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $24.87 per share.