Alliance Laundry Holdings Inc.
ALHdata completeness 88%3 fiscal years on fileData notes: no data for concept 'totalDebt'; no data for concept 'interestExpense'
Alliance Laundry Holdings Inc. earns about 31% on invested capital, far above its ~9% cost of capital, but has diluted owners by 4% over 3 years — a real edge showing up in the numbers. The estimate methods put fair value between $5.62 and $17.44 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|
| Revenue | $1.37B1 | $1.51B1 | $1.71B1 |
| Net income | $88.2M2 | $98.3M2 | $101.8M2 |
| Operating cash flow | $208.7M3 | $145.5M3 | $211.7M3 |
| Capital expenditure | $32.7M4 | $43.5M4 | $53.7M4 |
| Free cash flow (derived) | $176M3 | $102M3 | $158M3 |
| Total debt | — | — | — |
| Cash & equivalents | $182.4M5 | $154.7M5 | $123.1M5 |
| Diluted shares | 173.6M | 174.3M | 181.4M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $21.61 of net worth that earned you $5.61 and generated $8.71 of cash last year.
It earned about 31% on invested capital, year after year, against a ~9% cost of capital — the footprint of real pricing power. Competition usually drags returns like this back down; here it hasn't.
seeing a moat in the numbers →Share count is up 4% over 3 years — owners have been diluted. Worth asking what they got for it.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
The 3 estimate methods that apply put fair value between $5.62 and $17.44 a share. They rest on different assumptions, so where they diverge is the story; the Graham Number is a stricter floor, not a target.
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears10
- fcfGrowth5.0%
- fcfBase$158M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth5.0%
- fcfBase$158M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$98.3M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $13.12 |
| Base | 5.0% | $16.13 |
| Bull | 10.0% | $19.74 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 5.0%= this company’s own filed history (median-to-median FCF CAGR, clamped 0–20%). Your adjustments are recorded anonymously. They become the “what do owners actually believe” dataset.
- 10-K · period ending 2023-12-31 · accession 0001317685-26-000011 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-12-31 · accession 0001317685-26-000011 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001317685-26-000011 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001317685-26-000011 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0001317685-26-000011 (CashAndCashEquivalentsAtCarryingValue)