Security Federal Corp - Understand $sfdl stock

$SFDL Market Cap: $89.45 Million

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Financial Snapshot

Revenue

$57.07M

TTM

Gross Margin

Net Earnings

$10.01M

TTM

Current Assets

Current Liabilities

$90.40M

Q3 2024

Current Ratio

Total Assets

$1.576B

Q3 2024

Total Liabilities

$1.391B

Q3 2024

Book Value

$185.1M

Q3 2024

Cash

$132.4M

Q3 2024

P/E

8.941

Nov 26, 2024 EST

Free Cash Flow

$14.17M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$64.98M	$42.58M	$37.12M	$37.10M	$36.93M	$33.07M	$29.79M	$28.39M	$27.91M	$29.48M	$30.45M	$33.74M
YoY Change	52.61%	14.71%	0.06%	0.44%	11.68%	11.03%	4.93%	1.73%	-5.35%	-3.17%	-9.77%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue	$64.98M	$42.58M	$37.12M	$37.10M	$36.93M	$33.07M	$29.79M	$28.39M	$27.91M	$29.48M	$30.45M	$33.74M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development		$1.267M	$1.198M	$1.062M	$912.5K
YoY Change		5.77%	12.81%	16.37%
% of Gross Profit
Depreciation & Amortization	$2.100M	$2.925M	$3.137M	$2.877M	$2.601M	$2.308M	$2.057M	$1.962M	$1.706M	$1.665M	$1.598M	$1.721M	$1.550M	$1.640M	$1.670M	$1.580M	$1.190M	$1.080M
YoY Change	-28.21%	-6.77%	9.05%	10.6%	12.72%	12.18%	4.86%	14.96%	2.46%	4.22%	-7.13%	11.01%	-5.49%	-1.8%	5.7%	32.77%	10.19%	11.34%
% of Gross Profit
Operating Expenses		$1.267M	$1.198M	$1.062M	$912.5K
YoY Change		5.77%	12.81%	16.37%
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Interest Expense	$25.73M	$5.028M	$3.824M	$6.582M	$8.312M	$5.449M	$4.175M	$3.516M	$4.199M	$5.813M	$7.533M	$10.27M
YoY Change	411.71%	31.48%	-41.9%	-20.81%	52.52%	30.52%	18.76%	-16.27%	-27.76%	-22.83%	-26.68%
% of Operating Profit
Other Income/Expense, Net		$4.661M	$3.433M	$3.244M	$3.972M	$5.086M	$4.898M	$4.817M	$4.401M	$4.391M	$4.177M	$3.618M
YoY Change		35.77%	5.81%	-18.31%	-21.92%	3.85%	1.67%	9.46%	0.23%	5.11%	15.47%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$12.48M	$12.94M	$16.28M	$8.628M	$9.474M	$8.777M	$8.354M	$7.845M	$8.183M	$8.114M	$5.132M	$3.336M	$3.710M	$2.800M	$2.670M	$3.720M	$6.360M	$6.270M
YoY Change	-3.55%	-20.55%	88.74%	-8.93%	7.94%	5.06%	6.48%	-4.13%	0.85%	58.12%	53.82%	-10.08%	32.5%	4.87%	-28.23%	-41.51%	1.44%	12.16%
Income Tax	$2.288M	$2.709M	$3.509M	$1.577M	$1.680M	$1.570M	$1.829M	$1.920M	$2.067M	$2.303M	$1.340M	$951.1K	$1.910M	$960.0K	$1.060M	$1.260M	$2.080M	$2.140M
% Of Pretax Income	18.34%	20.94%	21.55%	18.28%	17.73%	17.88%	21.9%	24.48%	25.26%	28.39%	26.12%	28.51%	51.48%	34.29%	39.7%	33.87%	32.7%	34.13%
Net Earnings	$10.19M	$10.23M	$12.77M	$7.051M	$7.794M	$7.207M	$5.918M	$5.925M	$6.116M	$5.811M	$3.791M	$2.385M	$1.800M	$1.840M	$1.600M	$2.450M	$4.280M	$4.130M
YoY Change	-0.37%	-19.93%	81.17%	-9.54%	8.15%	21.78%	-0.11%	-3.13%	5.25%	53.27%	58.97%	32.49%	-2.17%	15.0%	-34.69%	-42.76%	3.63%	8.4%
Net Earnings / Revenue	15.68%	24.02%	34.42%	19.01%	21.1%	21.79%	19.87%	20.87%	21.92%	19.71%	12.45%	7.07%
Basic Earnings Per Share	$3.14	$3.14	$3.93	$2.19	$2.64	$2.44	$2.01	$2.09	$1.93	$1.82	$1.14	$0.66
Diluted Earnings Per Share	$3.14	$3.14	$3.93	$2.19	$2.50	$2.32	$1.91	$1.99	$1.84	$1.75	$1.12	$0.66	$612.2K	$666.7K	$632.4K	$972.2K	$1.653M	$1.582M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$30.04M	$29.82M	$27.50M	$28.90M	$29.90M	$24.20M	$22.80M	$21.20M	$20.10M	$18.20M	$17.20M	$17.90M	$18.70M	$19.80M	$20.70M	$23.30M	$23.50M	$19.80M
YoY Change	0.73%	8.44%	-4.84%	-3.34%	23.55%	6.14%	7.55%	5.47%	10.44%	5.81%	-3.91%	-4.28%	-5.56%	-4.35%	-11.16%	-0.85%	18.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$938.0K	$1.097M
YoY Change	-14.49%
Total Long-Term Assets
YoY Change
Total Assets	$1.550B	$1.381B	$1.301B	$1.172B	$963.2M	$912.6M	$868.8M	$812.7M	$799.7M	$825.4M	$849.2M	$890.4M	$924.6M	$933.5M	$956.0M	$984.7M	$840.0M	$738.1M
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$1.442M	$1.904M	$2.300M	$2.400M	$2.700M
YoY Change	-24.26%	-17.22%	-4.17%	-11.11%
Deferred Revenue
YoY Change
Short-Term Debt	$138.4M	$71.67M	$26.80M	$61.80M	$11.60M	$10.70M	$11.30M	$9.300M	$6.400M	$8.500M	$8.000M	$9.300M	$9.800M	$11.20M	$12.10M	$26.10M	$12.80M	$8.100M
YoY Change	93.08%	167.42%	-56.63%	432.76%	8.41%	-5.31%	21.51%	45.31%	-24.71%	6.25%	-13.98%	-5.1%	-12.5%	-7.44%	-53.64%	103.91%	58.02%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$139.8M	$1.904M	$2.300M	$2.400M	$2.700M	$10.70M	$11.30M	$9.300M	$6.400M	$8.500M	$8.000M	$9.300M	$9.800M	$11.20M	$12.10M	$26.10M	$12.80M	$8.100M
YoY Change	7243.59%	-17.22%	-4.17%	-11.11%	-74.77%	-5.31%	21.51%	45.31%	-24.71%	6.25%	-13.98%	-5.1%	-12.5%	-7.44%	-53.64%	103.91%	58.02%
Long-Term Debt	$31.66M	$31.66M	$35.20M	$35.20M	$41.20M	$13.60M	$19.70M	$24.20M	$11.20M	$11.20M	$11.20M	$11.20M	$11.20M	$12.70M	$12.90M	$6.800M	$6.600M	$6.600M
YoY Change	0.0%	-10.07%	0.0%	-14.56%	202.94%	-30.96%	-18.6%	116.07%	0.0%	0.0%	0.0%	0.0%	-11.81%	-1.55%	89.71%	3.03%	0.0%
Other Long-Term Liabilities	$10.84M	$5.821M	$5.300M	$7.100M	$6.200M	$6.000M	$5.800M	$5.200M	$4.100M	$4.900M	$5.300M
YoY Change	86.14%	9.83%	-25.35%	14.52%	3.33%	3.45%	11.54%	26.83%	-16.33%	-7.55%
Total Long-Term Liabilities	$42.49M	$37.48M	$40.50M	$42.30M	$47.40M	$19.60M	$25.50M	$29.40M	$15.30M	$16.10M	$16.50M	$11.20M	$11.20M	$12.70M	$12.90M	$6.800M	$6.600M	$6.600M
YoY Change	13.38%	-7.47%	-4.26%	-10.76%	141.84%	-23.14%	-13.27%	92.16%	-4.97%	-2.42%	47.32%	0.0%	-11.81%	-1.55%	89.71%	3.03%	0.0%
Total Liabilities	$1.377B	$1.221B	$1.186B	$1.060B	$871.5M	$832.1M	$790.9M	$741.6M	$708.8M	$737.9M	$771.3M	$807.8M	$843.9M	$857.5M	$888.1M	$917.6M	$792.5M	$695.4M
YoY Change	12.79%	2.99%	11.88%	21.61%	4.74%	5.21%	6.65%	4.63%	-3.94%	-4.33%	-4.52%	-4.28%	-1.59%	-3.45%	-3.21%	15.79%	13.96%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Basic Shares Outstanding	3.248M	3.253M shares	3.253M shares	3.213M shares	2.956M shares	2.953M shares	2.946M shares	2.944M shares	2.944M shares	2.944M shares	2.944M shares	2.944M shares
Diluted Shares Outstanding			3.253M shares	3.213M shares	3.258M shares	3.257M shares	3.250M shares	3.249M shares	3.248M shares	3.248M shares	3.248M shares	2.944M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $89.454 Million

About SECURITY FEDERAL CORP

Security Federal Corp. is a bank holding company for Security Federal Bank, which engages in accepting deposits from the general public and originating commercial real estate loans, commercial business loans, consumer loans, and mortgage loans to buy or refinance one-to-four family residential real estate. The company is headquartered in Aiken, South Carolina and currently employs 258 full-time employees. The company went IPO on 2003-10-09. The Bank's principal business is accepting deposits from the general public and originating commercial real estate loans, commercial and agricultural business (non-real estate) loans, consumer loans, as well as mortgage loans to buy or refinance one-to-four family residential real estate. The Bank also originates construction loans on single-family residences, multi-family dwellings and projects, and commercial real estate, as well as loans for the acquisition, development and construction of residential subdivisions and commercial projects. In addition, the Bank operates Security Federal Trust and Investments, a division of the Bank that offers trust, financial planning and financial management services. The Bank provides consumer loans for various personal, family or household purposes, mobile homes, recreational vehicles and education. The Bank has approximately 19 full-service branches.

Industry: State Commercial Banks Peers: AUBURN NATIONAL BANCORPORATION, INC CITIZENS HOLDING CO /MS/ F&M BANK CORP PNC FINANCIAL SERVICES GROUP, INC.