TOMPKINS FINANCIAL CORP
TMPdata completeness 88%17 fiscal years on fileData notes: no data for concept 'totalDebt'
TOMPKINS FINANCIAL CORP earns about 26% on invested capital, far above its ~9% cost of capital, and has bought back 2% of its shares over 5 years — the marks of a durable business run for its owners. The estimate methods put fair value between $61.47 and $91.23 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 | $72.6M1 | $74M2 | $75M3 | $79.3M3 | $75.7M3 |
| Net income | $89.3M4 | $85M5 | $9.51M6 | $70.9M6 | $161.1M6 |
| Operating cash flow | $121.2M7 | $103.3M8 | $89M9 | $95M9 | $38.9M9 |
| Capital expenditure | $4.74M10 | $8.17M11 | $6.76M12 | $6.21M12 | $6.92M12 |
| Free cash flow (derived) | $116.4M7 | $95.2M8 | $82.2M9 | $88.8M9 | $31.9M9 |
| Total debt | — | — | — | — | — |
| Cash & equivalents | $63.1M13 | $77.8M14 | $79.5M15 | $134.4M16 | $132.8M16 |
| Diluted shares | 14.6M | 14.4M | 14.3M | 14.3M | 14.3M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom).
10 shares is a claim on $654.59 of net worth that earned you $112.36 and generated $22.29 of cash last year.
It earned about 26% 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 down 2% over 5 years — management has been buying back stock, quietly handing owners a bigger slice.
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 $61.47 and $91.23 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$82.2M
assumptions (10)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- terminalGrowth2.5%
- projectionYears5
- fcfGrowth0.0%
- fcfBase$82.2M
assumptions (8)
- riskFreeRate4.7%
- equityRiskPremium5.0%
- beta100.0%
- equityWeight85.0%
- costOfDebtSpread1.5%
- taxRate21.0%
- normalizedEarnings$85M
- growthAssumed0.0%
assumptions (1)
- grahamMultiplier2250.0%
Different models answer different questions — which to trust when →
| Bear | 0.0% | $91.23 |
| Base | 0.0% | $91.23 |
| Bull | 5.0% | $111.07 |
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 2021-12-31 · accession 0001005817-24-000008 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2022-12-31 · accession 0001005817-25-000006 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2023-12-31 · accession 0001005817-26-000027 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K · period ending 2021-12-31 · accession 0001005817-24-000008 (NetIncomeLoss)
- 10-K · period ending 2022-12-31 · accession 0001005817-25-000006 (NetIncomeLoss)
- 10-K · period ending 2023-12-31 · accession 0001005817-26-000027 (NetIncomeLoss)
- 10-K · period ending 2021-12-31 · accession 0001005817-24-000008 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2022-12-31 · accession 0001005817-25-000006 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2023-12-31 · accession 0001005817-26-000027 (NetCashProvidedByUsedInOperatingActivities)
- 10-K · period ending 2021-12-31 · accession 0001005817-24-000008 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2022-12-31 · accession 0001005817-25-000006 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2023-12-31 · accession 0001005817-26-000027 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K · period ending 2021-12-31 · accession 0001005817-23-000002 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2022-12-31 · accession 0001005817-24-000008 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2023-12-31 · accession 0001005817-25-000006 (CashAndCashEquivalentsAtCarryingValue)
- 10-K · period ending 2024-12-31 · accession 0001005817-26-000027 (CashAndCashEquivalentsAtCarryingValue)