Webster Financial Corp. (WBS) intrinsic value & 10-year financials
Webster Financial Corp. (WBS) has a Graham intrinsic value of $195.97 per share. Over the last 10 fiscal years revenue grew 3.6% a year to $238.0M, with an average return on invested capital of 11.9%.
- Graham intrinsic value
- $195.97
- Revenue (FY2025)
- $238.0M
- Revenue growth (10-yr CAGR)
- 3.6%
- ROIC (10-yr avg)
- 11.9%
- Free cash flow (FY2025)
- $1.0B
WBS 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $238.0M | $1.0B | $5.90 | $1.0B | 617.8% | 14.9% |
| FY2024 | $245.7M | $768.7M | $4.37 | $1.4B | 504.3% | 11.7% |
| FY2023 | $233.4M | $867.8M | $4.91 | $938.3M | 529.2% | 12.1% |
| FY2022 | $268.7M | $644.3M | $3.72 | $1.3B | 401.5% | 14.7% |
| FY2021 | $212.4M | $408.9M | $4.42 | $672.0M | 225.7% | 10.4% |
| FY2020 | $198.7M | $220.6M | $2.35 | $359.3M | 210.2% | 9.4% |
| FY2019 | $208.3M | $382.7M | $4.06 | $278.1M | 251.8% | 13.0% |
| FY2018 | $200.7M | $360.4M | $3.81 | $436.4M | 241.0% | 14.2% |
| FY2017 | $185.9M | $255.4M | $2.67 | $416.4M | 212.3% | 10.8% |
| FY2016 | $173.4M | $207.1M | $2.16 | $357.4M | — | 8.1% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
WEBSTER FINANCIAL CORP has demonstrated mature, steady growth, with revenue compounding at 3.6% annually over the past decade.
WEBSTER FINANCIAL CORP returns on capital have been average, hovering around 11.9% ROIC over the decade.
WEBSTER 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, WEBSTER FINANCIAL CORP is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $195.97 per share.