Smithfield Foods Inc. (SFD) intrinsic value & 10-year financials
Smithfield Foods Inc. (SFD) has a Graham intrinsic value of $34.43 per share. At $18.64 on Oct 17, 2026, the stock trades 46% below that value. Over the last 10 fiscal years revenue grew 3.7% a year to $15.5B, with an average return on invested capital of 8.8%.
- Graham intrinsic value
- $34.43
- Share price (Oct 17, 2026)
- $18.64
- Price vs Graham value
- 46% below
- Market cap
- $7.3B
- Revenue (FY2025)
- $15.5B
- Revenue growth (10-yr CAGR)
- 3.7%
- ROIC (10-yr avg)
- 8.8%
- Free cash flow (FY2025)
- $718.0M
SFD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $15.5B | $987.0M | $2.51 | $718.0M | 8.3% | 14.2% |
| FY2024 | $14.1B | $953.0M | $2.51 | $566.0M | 7.9% | 11.3% |
| FY2023 | $14.6B | $17.0M | $0.05 | $335.0M | -0.4% | -0.3% |
| FY2021 | — | — | — | — | — | — |
| FY2016 | $14.4B | $452.3M | — | — | 5.5% | — |
| FY2014 | $15.0B | $556.1M | — | — | 6.2% | 12.0% |
| FY2013 | $13.2B | $183.8M | $1.26 | -$105.3M | 3.9% | 8.7% |
| FY2012 | $13.1B | $361.3M | $2.21 | $279.4M | 5.5% | 9.7% |
| FY2011 | $12.2B | $521.0M | $3.12 | $439.6M | 9.0% | 14.5% |
| FY2010 | $11.2B | -$101.4M | -$0.65 | $83.5M | 0.6% | 0.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SMITHFIELD FOODS INC has demonstrated mature, steady growth, with revenue compounding at 3.7% annually over the past decade.
SMITHFIELD FOODS INC returns on capital have been average, hovering around 8.8% ROIC over the decade.
SMITHFIELD FOODS 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, SMITHFIELD FOODS INC is modeled at 3.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $34.43 per share.