SR Bancorp, Inc.
SRBKdata completeness 88%4 fiscal years on fileData notes: no data for concept 'revenue'
SR Bancorp, Inc. earns about 9% on invested capital, below its ~9% cost of capital — no moat visible in the numbers. The estimate methods put fair value between $2.1 and $16.03 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 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Net income | $1.87M1 | $1.55M2 | −$10.9M3 | $5.14M3 |
| Operating cash flow | $1.04M4 | $2.32M5 | −$1.74M6 | $4.67M6 |
| Capital expenditure | $327,0007 | $516,0008 | $1.1M9 | $433,0009 |
| Free cash flow (derived) | $708,0004 | $1.8M5 | −$2.84M6 | $4.23M6 |
| Total debt | — | $20M10 | $011 | $30M11 |
| Cash & equivalents | $35.3M12 | $42.4M13 | $45.9M14 | $57.8M14 |
| Diluted shares | — | 0 | 6.8M | 8.4M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $229.48 of net worth that earned you $6.08 and generated $5.01 of cash last year, against $35.53 of debt.
It earned about 9% 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 →Total debt has risen 50% 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 $2.1 and $16.03 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$1.8M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth20.0%
- fcfBase$1.8M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$1.71M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $6.34 |
| Base | 20.0% | $10.25 |
| Bull | 20.0% | $10.25 |
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 2022-06-30 · accession 0000950170-23-050475 (NetIncomeLoss)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-114772 (NetIncomeLoss)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-223165 (NetIncomeLoss)
- 10-K · period ending 2022-06-30 · accession 0000950170-23-050475 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-114772 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-223165 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-06-30 · accession 0000950170-23-050475 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-114772 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-223165 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-114772 (ShortTermBorrowings)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-223165 (ShortTermBorrowings)
- 10-K · period ending 2022-06-30 · accession 0000950170-23-050475 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-06-30 · accession 0000950170-24-114772 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-06-30 · accession 0001193125-25-223165 (CashAndCashEquivalentsAtCarryingValue)