EACO CORP
EACOdata completeness 100%15 fiscal years on fileEACO CORP earns about 18% on invested capital, far above its ~9% cost of capital, with a roughly flat share count — a real edge showing up in the numbers. The estimate methods put fair value between $44.79 and $115.64 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 | $238M1 | $292.6M2 | $319.4M3 | $356.2M4 | $427.9M4 |
| Net income | $8.39M5 | $21.3M6 | $21.2M7 | $15M8 | $32.3M8 |
| Operating cash flow | $8.82M9 | $17M10 | $13.4M11 | $14.1M12 | $17.2M12 |
| Capital expenditure | $946,00013 | $1.7M14 | $960,00015 | $32.6M16 | $1.28M16 |
| Free cash flow (derived) | $7.87M9 | $15.3M10 | $12.5M11 | −$18.5M12 | $15.9M12 |
| Total debt | $4.59M17 | $4.47M18 | $4.47M19 | $8.69M20 | $8.43M20 |
| Cash & equivalents | $4.46M21 | $17.4M22 | $8.56M23 | $843,00024 | $728,00024 |
| Diluted shares | 4.9M | 4.9M | 4.9M | 4.9M | 4.9M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $317.96 of net worth that earned you $65.88 and generated $32.41 of cash last year, against $17.19 of debt.
It earned about 18% 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 roughly flat over 5 years — little dilution, little buyback. Total debt has risen 84% over the same window.
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 $44.79 and $115.64 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
- fcfGrowth16.5%
- fcfBase$12.5M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth16.5%
- fcfBase$12.5M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$21.2M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $34.75 |
| Base | 16.5% | $70.88 |
| Bull | 20.0% | $81.32 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 16.5%= 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 2021-08-31 · accession 0001410578-22-002955 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-08-31 · accession 0001410578-23-002581 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-08-31 · accession 0001410578-24-002066 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2024-08-31 · accession 0001104659-25-114547 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2021-08-31 · accession 0001410578-22-002955 (NetIncomeLoss)
- 10-K · period ending 2022-08-31 · accession 0001410578-23-002581 (NetIncomeLoss)
- 10-K · period ending 2023-08-31 · accession 0001410578-24-002066 (NetIncomeLoss)
- 10-K · period ending 2024-08-31 · accession 0001104659-25-114547 (NetIncomeLoss)
- 10-K · period ending 2021-08-31 · accession 0001410578-22-002955 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-08-31 · accession 0001410578-23-002581 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-08-31 · accession 0001410578-24-002066 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-08-31 · accession 0001104659-25-114547 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-08-31 · accession 0001410578-22-002955 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-08-31 · accession 0001410578-23-002581 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-08-31 · accession 0001410578-24-002066 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-08-31 · accession 0001104659-25-114547 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-08-31 · accession 0001410578-22-002955 (LongTermDebtNoncurrent)
- 10-K · period ending 2022-08-31 · accession 0001410578-23-002581 (LongTermDebtNoncurrent)
- 10-K · period ending 2023-08-31 · accession 0001410578-24-002066 (LongTermDebtNoncurrent)
- 10-K · period ending 2024-08-31 · accession 0001104659-25-114547 (LongTermDebtNoncurrent)
- 10-K · period ending 2021-08-31 · accession 0001410578-22-002955 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-08-31 · accession 0001410578-23-002581 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-08-31 · accession 0001410578-24-002066 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-08-31 · accession 0001104659-25-114547 (CashAndCashEquivalentsAtCarryingValue)