MeritValue

Beacon Financial Corp

BBTdata completeness 100%17 fiscal years on file
i. The business — what you’d actually own
FigureFY 2021FY 2022FY 2023FY 2024FY 2025
Revenue$46.1M1$40.9M2$16.2M3$16.5M3$29.9M3
Net income$118.7M4$92.5M5$75M6$68.7M6$90.3M6
Operating cash flow$84.8M7$110.7M8$116.6M9$105M9$224.4M9
Capital expenditure$1.61M10$1.5M11$12.4M12$4.99M12$12.3M12
Free cash flow (derived)$83.2M7$109.2M8$104.2M9$100M9$212.2M9
Total debt$110.8M13$125.5M14$506.6M15$1.62B16$788.4M16
Cash & equivalents$1.63B17$383M18$133M18$543.7M19$2.04B19
Diluted shares49.6M45.9M88.5M89.3M87.7M

Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).

ii. Your slice — ownership made literal
If you owned
shares
You’d own
0.000011%
of the whole company
Your share of last year’s profit
$10.29
Your share of its debt
$89.89
Your share of free cash flow
$24.19
iii. What it’s worth — engine v0.1.0
DCF · Growth Exit 10Y
$30.36
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears10
  • fcfGrowth0.0%
  • fcfBase$104.2M
DCF · Growth Exit 5Y
$31.69
assumptions (10)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • terminalGrowth2.5%
  • projectionYears5
  • fcfGrowth0.0%
  • fcfBase$104.2M
Earnings Power Value
$10.85
assumptions (8)
  • riskFreeRate4.5%
  • equityRiskPremium5.0%
  • beta100.0%
  • equityWeight85.0%
  • costOfDebtSpread1.5%
  • taxRate21.0%
  • normalizedEarnings$90.3M
  • growthAssumed0.0%
Graham Number
$25.68
assumptions (1)
  • grahamMultiplier2250.0%

Different models answer different questions — which to trust when →

iv. The price question — last, on purpose
What does today’s price assume?
Type a price. The ledger answers.
Or set your own belief
FCF growth, next 5 years0.0%
Discount rate (WACC)8.78%
Terminal growth2.5%
At your growth, a share is worth $31.69

Default growth 0.0%= 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.

Sources — the receipts
  1. 10-K · period ending 2021-12-31 · accession 0001108134-24-000003 (RevenueFromContractWithCustomerExcludingAssessedTax)
  2. 10-K · period ending 2022-12-31 · accession 0001108134-25-000003 (RevenueFromContractWithCustomerExcludingAssessedTax)
  3. 10-K · period ending 2023-12-31 · accession 0001628280-26-013247 (RevenueFromContractWithCustomerExcludingAssessedTax)
  4. 10-K · period ending 2021-12-31 · accession 0001108134-24-000003 (NetIncomeLoss)
  5. 10-K · period ending 2022-12-31 · accession 0001108134-25-000003 (NetIncomeLoss)
  6. 10-K · period ending 2023-12-31 · accession 0001628280-26-013247 (NetIncomeLoss)
  7. 10-K · period ending 2021-12-31 · accession 0001108134-24-000003 (NetCashProvidedByUsedInOperatingActivities)
  8. 10-K · period ending 2022-12-31 · accession 0001108134-25-000003 (NetCashProvidedByUsedInOperatingActivities)
  9. 10-K · period ending 2023-12-31 · accession 0001628280-26-013247 (NetCashProvidedByUsedInOperatingActivities)
  10. 10-K · period ending 2021-12-31 · accession 0001108134-24-000003 (PaymentsToAcquirePropertyPlantAndEquipment)
  11. 10-K · period ending 2022-12-31 · accession 0001108134-25-000003 (PaymentsToAcquirePropertyPlantAndEquipment)
  12. 10-K · period ending 2023-12-31 · accession 0001628280-26-013247 (PaymentsToAcquirePropertyPlantAndEquipment)
  13. 10-K · period ending 2021-12-31 · accession 0001108134-23-000006 (LongTermDebt)
  14. 10-K · period ending 2022-12-31 · accession 0001108134-24-000003 (LongTermDebt)
  15. 10-K · period ending 2023-12-31 · accession 0001108134-25-000003 (LongTermDebt)
  16. 10-K · period ending 2024-12-31 · accession 0001628280-26-013247 (LongTermDebt)
  17. 10-K · period ending 2021-12-31 · accession 0001108134-23-000006 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  18. 10-K · period ending 2022-12-31 · accession 0001628280-26-013247 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
  19. 10-K · period ending 2024-12-31 · accession 0001628280-26-013247 (CashAndCashEquivalentsAtCarryingValue)