SOUTHERN MISSOURI BANCORP, INC.
SMBCdata completeness 88%16 fiscal years on fileData notes: no data for concept 'totalDebt'
SOUTHERN MISSOURI BANCORP, INC. earns about 33% on invested capital, far above its ~9% cost of capital, but has diluted owners by 25% over 5 years — a real edge showing up in the numbers. The estimate methods put fair value between $43.52 and $146.62 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 | $109.5M1 | $116.9M2 | $176.4M3 | $248.4M3 | $277.4M3 |
| Net income | $47.2M4 | $47.2M5 | $39.2M6 | $50.2M6 | $58.6M6 |
| Operating cash flow | $51.8M7 | $67.3M8 | $62M9 | $70.3M9 | $81.6M9 |
| Capital expenditure | $2.86M10 | $4.62M11 | $6.04M12 | $9.05M12 | $6.26M12 |
| Free cash flow (derived) | $48.9M7 | $62.7M8 | $56M9 | $61.2M9 | $75.3M9 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $123.6M13 | $86.8M14 | $54M15 | $60.9M16 | $192.9M16 |
| Diluted shares | 9.0M | 9.0M | 10.1M | 11.3M | 11.2M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $484.83 of net worth that earned you $52.14 and generated $67.02 of cash last year.
It earned about 33% 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 25% 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 $43.52 and $146.62 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
- fcfGrowth7.8%
- fcfBase$61.2M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth7.8%
- fcfBase$61.2M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$47.2M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $95.02 |
| Base | 7.8% | $125.89 |
| Bull | 12.8% | $150.72 |
Bear/base/bull growth = 0% / filed history / history + 5pp. Type a price to see the return each case implies.
Default growth 7.8%= 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 2021-06-30 · accession 0001558370-23-015713 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2022-06-30 · accession 0001558370-24-012781 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2023-06-30 · accession 0001558370-25-012001 (InterestAndDividendIncomeOperating)
- 10-K · period ending 2021-06-30 · accession 0001558370-23-015713 (NetIncomeLoss)
- 10-K · period ending 2022-06-30 · accession 0001558370-24-012781 (NetIncomeLoss)
- 10-K · period ending 2023-06-30 · accession 0001558370-25-012001 (NetIncomeLoss)
- 10-K · period ending 2021-06-30 · accession 0001558370-23-015713 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-06-30 · accession 0001558370-24-012781 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-06-30 · accession 0001558370-25-012001 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-06-30 · accession 0001558370-23-015713 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-06-30 · accession 0001558370-24-012781 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-06-30 · accession 0001558370-25-012001 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K/A · period ending 2021-06-30 · accession 0001558370-23-004276 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-06-30 · accession 0001558370-23-015713 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-06-30 · accession 0001558370-24-012781 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-06-30 · accession 0001558370-25-012001 (CashAndCashEquivalentsAtCarryingValue)