What is Security National Financial Corp worth?
With the base-case assumptions below, a discounted cash flow model on Security National Financial Corp's reported free cash flow gives $23.92 per share. The share price was $8.74 on September 25, 2026, 63% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | -10.0% | 10.0% | $17.53 | +101% |
| Base | -5.0% | 9.0% | $23.92 | +174% |
| Bull | 0.0% | 8.0% | $35.85 | +310% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $28.18 | $29.43 | $30.96 | $32.88 | $35.34 |
| 8.0% | $25.04 | $25.85 | $26.81 | $27.96 | $29.37 |
| 9.0% | $22.73 | $23.28 | $23.92 | $24.67 | $25.55 |
| 10.0% | $20.95 | $21.35 | $21.79 | $22.30 | $22.89 |
| 11.0% | $19.54 | $19.83 | $20.16 | $20.52 | $20.93 |
Where the presets come from
Base: years 1 to 5 grow at Security National Financial Corp's revenue growth rate over the last 5 fiscal years (-6.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions