CROWN CRAFTS INC
CRWSdata completeness 100%16 fiscal years on fileCROWN CRAFTS INC earns about 5% on invested capital, below its ~9% cost of capital, but has diluted owners by 6% over 5 years — no moat visible in the numbers. The estimate methods put fair value between $4.76 and $8.63 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 | FY 2026 |
|---|---|---|---|---|---|
| Revenue | $87.4M1 | $75.1M2 | $87.6M3 | $87.3M4 | $82.3M4 |
| Net income | $9.92M5 | $5.65M6 | $4.89M7 | −$9.36M8 | $1.84M8 |
| Operating cash flow | $8.26M9 | $7.74M10 | $7.08M11 | $9.82M12 | $8.27M12 |
| Capital expenditure | $531,00013 | $813,00014 | $786,00015 | $872,00016 | $864,00016 |
| Free cash flow (derived) | $7.73M9 | $6.93M10 | $6.3M11 | $8.95M12 | $7.41M12 |
| Total debt | $017 | $12.7M18 | $8.11M19 | $18.5M20 | $14.1M20 |
| Cash & equivalents | $1.6M21 | $1.74M22 | $829,00023 | $521,00024 | $200,00024 |
| Diluted shares | 10.1M | 10.1M | 10.2M | 10.4M | 10.7M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $36.43 of net worth that earned you $1.73 and generated $6.95 of cash last year, against $13.26 of debt.
It earned about 5% on invested capital against a ~9% cost of capital — below the cost of funding. The numbers show no moat.
seeing a moat in the numbers →Share count is up 6% 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 $4.76 and $8.63 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$7.41M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$7.41M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$4.89M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $8.63 |
| Base | 0.0% | $8.63 |
| Bull | 5.0% | $11.03 |
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 2022-04-03 · accession 0001437749-23-018305 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 10-K · period ending 2023-04-02 · accession 0001437749-24-021478 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 10-K · period ending 2024-03-31 · accession 0001437749-25-021205 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 10-K · period ending 2025-03-30 · accession 0001437749-26-021496 (RevenueFromContractWithCustomerIncludingAssessedTax)
- 10-K · period ending 2022-04-03 · accession 0001437749-23-018305 (NetIncomeLoss)
- 10-K · period ending 2023-04-02 · accession 0001437749-24-021478 (NetIncomeLoss)
- 10-K · period ending 2024-03-31 · accession 0001437749-25-021205 (NetIncomeLoss)
- 10-K · period ending 2025-03-30 · accession 0001437749-26-021496 (NetIncomeLoss)
- 10-K · period ending 2022-04-03 · accession 0001437749-23-018305 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-04-02 · accession 0001437749-24-021478 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-03-31 · accession 0001437749-25-021205 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2025-03-30 · accession 0001437749-26-021496 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-04-03 · accession 0001437749-23-018305 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-04-02 · accession 0001437749-24-021478 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-03-31 · accession 0001437749-25-021205 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2025-03-30 · accession 0001437749-26-021496 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-04-03 · accession 0001437749-23-018305 (LongTermDebtNoncurrent)
- 10-K · period ending 2023-04-02 · accession 0001437749-24-021478 (LongTermDebtNoncurrent)
- 10-K · period ending 2024-03-31 · accession 0001437749-25-021205 (LongTermDebtNoncurrent)
- 10-K · period ending 2025-03-30 · accession 0001437749-26-021496 (LongTermDebtNoncurrent)
- 10-K · period ending 2022-04-03 · accession 0001437749-23-018305 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-04-02 · accession 0001437749-24-021478 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-03-31 · accession 0001437749-25-021205 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2025-03-30 · accession 0001437749-26-021496 (CashAndCashEquivalentsAtCarryingValue)