BV Financial, Inc.
BVFLdata completeness 88%4 fiscal years on fileData notes: no data for concept 'revenue'
BV Financial, Inc. earns about 19% on invested capital, far above its ~9% cost of capital, but has diluted owners by 19% over 4 years — a real edge showing up in the numbers. The estimate methods put fair value between $13.82 and $28.71 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Net income | $10.5M1 | $13.7M2 | $11.7M3 | $13.5M3 |
| Operating cash flow | $9.71M4 | $15.2M5 | $16.1M6 | $19M6 |
| Capital expenditure | $502,0007 | $155,0008 | $611,0009 | $237,0009 |
| Free cash flow (derived) | $9.21M4 | $15M5 | $15.5M6 | $18.8M6 |
| Total debt | $49M10 | $37.3M11 | $49.9M12 | $35M12 |
| Cash & equivalents | $68.7M13 | $73.7M14 | $70.5M15 | $55.7M15 |
| Diluted shares | 8.0M | 9.3M | 10.7M | 9.5M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $194.34 of net worth that earned you $14.27 and generated $19.86 of cash last year, against $37.01 of debt.
It earned about 19% 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 19% over 4 years — owners have been diluted. Worth asking what they got for it. Total debt has fallen 29% — deleveraging.
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 $13.82 and $28.71 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
- fcfGrowth2.7%
- fcfBase$15.5M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth2.7%
- fcfBase$15.5M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$12.6M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $25.53 |
| Base | 2.7% | $28.51 |
| Bull | 7.7% | $34.75 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 2.7%= 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 2022-12-31 · accession 0000950170-24-035306 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-045947 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-128285 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0000950170-24-035306 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-045947 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-128285 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0000950170-24-035306 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-045947 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-128285 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0000950170-24-035306 (LongTermDebt)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-045947 (LongTermDebt)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-128285 (LongTermDebt)
- 10-K · period ending 2022-12-31 · accession 0000950170-24-035306 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0000950170-25-045947 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-12-31 · accession 0001193125-26-128285 (CashAndCashEquivalentsAtCarryingValue)