Stratus Properties Inc. (STRS) intrinsic value & 10-year financials
Stratus Properties Inc. (STRS) has a Graham intrinsic value of $31.07 per share. At $17.95 on Oct 17, 2026, the stock trades 42% below that value. Over the last 10 fiscal years revenue shrank 20.1% a year to $10.6M, with an average return on invested capital of 4.2%.
- Graham intrinsic value
- $31.07
- Share price (Oct 17, 2026)
- $17.95
- Price vs Graham value
- 42% below
- Market cap
- $146.2M
- Revenue (FY2025)
- $10.6M
- Revenue growth (10-yr CAGR)
- -20.1%
- ROIC (10-yr avg)
- 4.2%
- Free cash flow (FY2025)
- —
STRS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $10.6M | $2.8M | $1.47 | — | 101.8% | 2.7% |
| FY2024 | $34.9M | -$1.9M | $0.24 | — | -6.2% | -1.1% |
| FY2023 | $17.3M | -$16.5M | -$1.85 | — | -98.1% | -8.5% |
| FY2022 | $37.5M | $89.7M | $10.99 | — | -20.7% | -4.2% |
| FY2021 | $28.2M | $63.2M | $6.90 | — | 296.3% | 54.3% |
| FY2020 | $61.0M | -$24.5M | -$2.78 | — | -9.9% | -5.5% |
| FY2019 | $92.2M | -$2.5M | — | — | 1.3% | 0.9% |
| FY2018 | $16.8M | -$4.0M | -$0.49 | — | 13.0% | 0.6% |
| FY2017 | $80.3M | $3.9M | $0.47 | — | 28.9% | 3.1% |
| FY2016 | $80.3M | -$6.0M | -$0.74 | — | 1.5% | 0.2% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
STRATUS PROPERTIES INC is facing top-line stagnation, with revenue contracting over the decade.
STRATUS PROPERTIES INC has historically struggled to out-earn its cost of capital, averaging just 4.2% ROIC.
STRATUS 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, STRATUS PROPERTIES INC is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $31.07 per share.