Universal Corp. /VA/ (UVV) intrinsic value & 10-year financials

Universal Corp. /VA/ (UVV) has a Graham intrinsic value of $19.47 per share. At $40.67 on Oct 17, 2026, the stock trades 109% above that value. Over the last 10 fiscal years revenue grew 3.9% a year to $2.9B, with an average return on invested capital of 7.4%.

Graham intrinsic value
$19.47
Share price (Oct 17, 2026)
$40.67
Price vs Graham value
109% above
Market cap
$1.0B
Revenue (FY2026)
$2.9B
Revenue growth (10-yr CAGR)
3.9%
ROIC (10-yr avg)
7.4%
Free cash flow (FY2026)
$80.3M

UVV 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2026 $2.9B $32.6M $1.30 $80.3M 5.8% 4.4%
FY2025 $2.9B $95.0M $3.78 $264.4M 8.0% 8.4%
FY2024 $2.7B $119.6M $4.78 -$140.6M 8.2% 8.8%
FY2023 $2.5B $124.1M $4.97 -$65.2M 7.1% 8.7%
FY2022 $2.1B $86.6M $3.47 -$8.3M 7.7% 6.4%
FY2021 $2.0B $87.4M $3.53 $154.3M 7.5% 7.0%
FY2020 $1.9B $71.7M $2.86 -$24.3M 6.7% 5.8%
FY2019 $2.2B $104.1M $4.11 $125.8M 7.3% 8.0%
FY2018 $2.0B $105.7M $4.14 $49.2M 8.5% 8.1%
FY2017 $2.0B $106.3M $0.88 $214.7M 8.7% 8.5%

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

Executive summary

UNIVERSAL CORP /VA/ has demonstrated mature, steady growth, with revenue compounding at 3.9% annually over the past decade.

UNIVERSAL CORP /VA/ has historically struggled to out-earn its cost of capital, averaging just 7.4% ROIC.

Over the decade, UNIVERSAL CORP /VA/ shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, UNIVERSAL CORP /VA/ is modeled at 4.4% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $19.47 per share.

UVV stock: frequently asked questions

What is the intrinsic value of Universal Corp. /VA/ (UVV) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 4.4% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, UVV's intrinsic value is about $19.47 per share.

Is UVV stock undervalued?

At $40.67 (close on Oct 17, 2026), UVV trades 109% above its Graham value of $19.47. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has Universal Corp. /VA/ grown?

Revenue went from $2.0B in fiscal 2017 to $2.9B in fiscal 2026, a compound annual growth rate of 3.9%. Net income was $32.6M in fiscal 2026.

Does Universal Corp. /VA/ generate free cash flow?

Universal Corp. /VA/ generated $80.3M of free cash flow (operating cash flow minus capital expenditures) in fiscal 2026. Free cash flow was positive in 6 of the last 10 reported years.

What is UVV's return on invested capital?

Average ROIC over the last 10 fiscal years was 7.4%, and average return on equity was 6.9%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this UVV data come from?

From Universal Corp. /VA/'s annual 10-K filings on SEC EDGAR. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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