Security National Financial Corp. (SNFCA) intrinsic value & 10-year financials
Security National Financial Corp. (SNFCA) has a Graham intrinsic value of $16.44 per share. At $9.19 on Oct 17, 2026, the stock trades 44% below that value. Over the last 10 fiscal years revenue grew 1.3% a year to $344.6M, with an average return on invested capital of 11.3%.
- Graham intrinsic value
- $16.44
- Share price (Oct 17, 2026)
- $9.19
- Price vs Graham value
- 44% below
- Market cap
- $234.2M
- Revenue (FY2025)
- $344.6M
- Revenue growth (10-yr CAGR)
- 1.3%
- ROIC (10-yr avg)
- 11.3%
- Free cash flow (FY2025)
- $43.8M
SNFCA 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $344.6M | $32.2M | $1.26 | $43.8M | — | — |
| FY2024 | $334.5M | $26.5M | $1.11 | $54.8M | — | — |
| FY2023 | $318.5M | $14.5M | $0.64 | $52.8M | — | — |
| FY2022 | $389.7M | $25.7M | $1.17 | $128.9M | — | — |
| FY2021 | $470.7M | $39.5M | $1.89 | $139.4M | — | 9.2% |
| FY2020 | $481.5M | $55.6M | $2.88 | -$131.3M | — | 13.5% |
| FY2019 | $283.1M | $10.9M | $0.60 | -$77.4M | — | — |
| FY2018 | $279.6M | $21.7M | $1.25 | $5.7M | — | — |
| FY2017 | $276.9M | $14.1M | $0.87 | $43.4M | — | — |
| FY2016 | $307.2M | $14.3M | $0.94 | $40.3M | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
SECURITY NATIONAL FINANCIAL CORP has demonstrated mature, steady growth, with revenue compounding at 1.3% annually over the past decade.
SECURITY NATIONAL FINANCIAL CORP returns on capital have been average, hovering around 11.3% ROIC over the decade.
SECURITY NATIONAL FINANCIAL CORP 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, SECURITY NATIONAL FINANCIAL CORP is modeled at 3.3% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $16.44 per share.