SHOE CARNIVAL INC (SCVL) intrinsic value & 10-year financials

SHOE CARNIVAL INC (SCVL) has a Graham intrinsic value of $40.16 per share. Over the last 10 fiscal years revenue grew 1.4% a year to $1.1B, with an average return on invested capital of 12.0%.

Graham intrinsic value
$40.16
Revenue (FY2026)
$1.1B
Revenue growth (10-yr CAGR)
1.4%
ROIC (10-yr avg)
12.0%
Free cash flow (FY2026)
$26.6M

SCVL 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $1.1B $52.3M $1.90 $26.6M 5.9% 5.7%
FY2025 $1.2B $73.8M $2.68 $69.5M 7.6% 8.4%
FY2024 $1.2B $73.3M $2.68 $66.5M 8.0% 9.2%
FY2023 $1.3B $110.1M $3.96 -$26.9M 11.6% 17.0%
FY2022 $1.3B $154.9M $5.42 $116.5M 15.6% 33.9%
FY2021 $976.8M $16.0M $0.56 $51.0M 2.2% 4.0%
FY2020 $1.0B $42.9M $1.46 $48.4M 5.2% 12.7%
FY2019 $1.0B $38.1M $1.23 $66.7M 4.8% 15.9%
FY2018 $1.0B $18.9M $0.57 $20.7M 3.7% 6.1%
FY2017 $1.0B $23.5M $0.64 $42.0M 3.8% 7.4%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

SHOE CARNIVAL INC has demonstrated mature, steady growth, with revenue compounding at 1.4% annually over the past decade.

SHOE CARNIVAL INC returns on capital have been average, hovering around 12.0% ROIC over the decade.

Over the decade, SHOE CARNIVAL INC shows that management has aggressively returned capital to shareholders by retiring 23.6% of outstanding shares.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, SHOE CARNIVAL INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $40.16 per share.

SCVL stock: frequently asked questions

What is the intrinsic value of SHOE CARNIVAL INC (SCVL) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 8.0% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, SCVL's intrinsic value is about $40.16 per share.

How fast has SHOE CARNIVAL INC grown?

Revenue went from $1.0B in fiscal 2017 to $1.1B in fiscal 2026, a compound annual growth rate of 1.4%. Net income was $52.3M in fiscal 2026.

Does SHOE CARNIVAL INC generate free cash flow?

SHOE CARNIVAL INC generated $26.6M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 9 of the last 10 reported years.

What is SCVL's return on invested capital?

Average ROIC over the last 10 fiscal years was 12.0%, and average return on equity was 14.2%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this SCVL data come from?

From SHOE CARNIVAL INC's annual 10-K filings on SEC EDGAR, most recently filed Jun 5, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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