BLUE RIDGE BANKSHARES, INC.
BRBSdata completeness 75%8 fiscal years on fileData notes: no data for concept 'cash'
BLUE RIDGE BANKSHARES, INC. earns about 16% on invested capital, comfortably above its ~9% cost of capital, but has diluted owners by 445% over 5 years — a real edge showing up in the numbers. The estimate methods put fair value between $1.14 and $1.75 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $103.5M1 | $121.7M1 | $169M2 | $160.3M3 | $137.8M3 |
| Net income | $52.5M4 | $17.3M4 | −$51.8M5 | −$15.4M6 | $10.7M6 |
| Operating cash flow | $59.2M7 | $93.9M7 | $44.1M8 | −$6.31M9 | $13.6M9 |
| Capital expenditure | $1.22M10 | $455,00010 | $961,00011 | $588,00012 | $1.68M12 |
| Free cash flow (derived) | $58M7 | $93.5M7 | $43.1M8 | −$6.9M9 | $11.9M9 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | — | — | — | — | — |
| Diluted shares | 17.9M | 18.8M | 18.9M | 49.1M | 97.3M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $33.28 of net worth that earned you $1.1 and generated $1.23 of cash last year.
It earned about 16% on invested capital against a ~9% cost of capital — comfortably above the cost of funding, a moderate advantage.
seeing a moat in the numbers →Share count is up 445% over 5 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 $1.14 and $1.75 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
- fcfGrowth0.0%
- fcfBase$11.9M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$11.9M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$10.7M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $1.75 |
| Base | 0.0% | $1.75 |
| Bull | 5.0% | $2.18 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
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.
- 10-K · period ending 2021-12-31 · accession 0000950170-24-032267 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-036301 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-104410 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2021-12-31 · accession 0000950170-24-032267 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-036301 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-104410 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0000950170-24-032267 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-036301 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-104410 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0000950170-24-032267 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-036301 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-104410 (PaymentsToAcquirePropertyPlantAndEquipment)