OptimumBank Holdings, Inc.
OPHCdata completeness 75%16 fiscal years on fileData notes: no data for concept 'totalDebt'
OptimumBank Holdings, Inc. earns about 24% on invested capital, far above its ~9% cost of capital, but has diluted owners by 200% over 5 years — a real edge showing up in the numbers. The estimate methods put fair value between $5.58 and $74.53 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 | $10.4M1 | $19.9M2 | $35.8M3 | $59.6M4 | $64.4M4 |
| Net income | $6.3M5 | $4.02M6 | $6.28M7 | $13.1M8 | $16.6M8 |
| Operating cash flow | $3.76M9 | $10.4M10 | $6.88M11 | $15.6M12 | $17.8M12 |
| Capital expenditure | $381,00013 | $322,00014 | $668,00015 | $988,00016 | $896,00016 |
| Free cash flow (derived) | $3.38M9 | $10M10 | $6.21M11 | $14.6M12 | $16.9M12 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | — | — | — | — | — |
| Diluted shares | 3.9M | 6.0M | 7.24B | 9.4M | 11.7M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $104.21 of net worth that earned you $14.23 and generated $14.49 of cash last year.
It earned about 24% 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 200% 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 $5.58 and $74.53 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$14.6M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth20.0%
- fcfBase$14.6M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$6.3M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $17.85 |
| Base | 20.0% | $40.74 |
| Bull | 20.0% | $40.74 |
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 2021-12-31 · accession 0001493152-23-006772 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-009360 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2023-12-31 · accession 0001493152-25-008332 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-008143 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2021-12-31 · accession 0001493152-23-006772 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-009360 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001493152-25-008332 (NetIncomeLoss)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-008143 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001493152-23-006772 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-009360 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001493152-25-008332 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-008143 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0001493152-23-006772 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0001493152-24-009360 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0001493152-25-008332 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-12-31 · accession 0001493152-26-008143 (PaymentsToAcquirePropertyPlantAndEquipment)