MUNCY COLUMBIA FINANCIAL Corp
CCFNdata completeness 100%9 fiscal years on fileMUNCY COLUMBIA FINANCIAL Corp earns about 15% on invested capital, comfortably above its ~9% cost of capital, but has diluted owners by 62% over 5 years — a real edge showing up in the numbers. The estimate methods put fair value between $27.89 and $277.04 a share.Whether it’s worth owning at today’s price is the last question — and yours to answer, below.
| Figure | FY 2013 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Revenue | $20.7M1 | $26.4M2 | $38.3M3 | $81.7M4 | $88M4 |
| Net income | $6.82M5 | $9.51M6 | $3.39M7 | $19M8 | $24.2M8 |
| Operating cash flow | $8.67M9 | $9.66M10 | $7.08M11 | $16.9M12 | $23.3M12 |
| Capital expenditure | $293,00013 | $299,00014 | $968,00015 | $407,00016 | $1.4M16 |
| Free cash flow (derived) | $8.37M9 | $9.36M10 | $6.11M11 | $16.5M12 | $21.9M12 |
| Total debt | $85.7M17 | $171.7M18 | $252.5M19 | $123.9M20 | $53M20 |
| Cash & equivalents | — | $13.1M21 | $18.4M22 | $17.4M23 | $48.5M23 |
| Diluted shares | 2.2M | 2.1M | 2.3M | 3.6M | 3.5M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $544.76 of net worth that earned you $68.54 and generated $61.94 of cash last year, against $150.06 of debt.
It earned about 15% 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 62% over 5 years — owners have been diluted. Worth asking what they got for it. Total debt has fallen 38% — 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 $27.89 and $277.04 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
- fcfGrowth20.0%
- fcfBase$16.5M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth20.0%
- fcfBase$16.5M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$9.51M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $65.4 |
| Base | 20.0% | $150.87 |
| Bull | 20.0% | $150.87 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 20.0%= 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 2013-12-31 · accession 0001144204-14-016997 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2022-12-31 · accession 0001999371-24-003417 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2023-12-31 · accession 0001839882-25-014475 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2024-12-31 · accession 0001174947-26-000299 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2013-12-31 · accession 0001144204-14-016997 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001999371-24-003417 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001839882-25-014475 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001174947-26-000299 (NetIncomeLoss)
- 10-K · period ending 2013-12-31 · accession 0001144204-14-016997 (NetCashProvidedByUsedInOperatingActivitiesContinuingOperations)
- 10-K · period ending 2022-12-31 · accession 0001999371-24-003417 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001839882-25-014475 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001174947-26-000299 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2013-12-31 · accession 0001144204-14-016997 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0001999371-24-003417 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0001839882-25-014475 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-12-31 · accession 0001174947-26-000299 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2013-12-31 · accession 0001144204-14-016997 (LongTermDebt)
- 10-K · period ending 2022-12-31 · accession 0001999371-24-003417 (ShortTermBorrowings)
- 10-K · period ending 2023-12-31 · accession 0001839882-25-014475 (ShortTermBorrowings)
- 10-K · period ending 2024-12-31 · accession 0001174947-26-000299 (LongTermDebt)
- 10-K · period ending 2022-12-31 · accession 0001839882-25-014475 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 10-K · period ending 2023-12-31 · accession 0001174947-26-000299 (CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents)
- 10-K · period ending 2024-12-31 · accession 0001174947-26-000299 (CashAndCashEquivalentsAtCarryingValue)