Security Federal Corporation (SFDL) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Security Federal Corporation $49.29, price $44.00, upside +12.0%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range $15.61 – $44.17 · fair‑value band $48.56 – $64.42 · the $44.00 price screens below the $49.29 fair value. Dashed = 300-day average. As of Sep 23, 2026.
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Security Federal Corporation operates as the bank holding company for Security Federal Bank that provides various banking products and services. It provides various deposit products, such as savings and checking accounts, money market accounts, fixed interest rate certificates with varying maturities, and individual retirement accounts.
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Security Federal Corporation operates as the bank holding company for Security Federal Bank that provides various banking products and services. It provides various deposit products, such as savings and checking accounts, money market accounts, fixed interest rate certificates with varying maturities, and individual retirement accounts. The company offers real estate loans comprising commercial real estate loans secured by non-residential commercial properties, churches, hotels, residential developments, and multi-family dwellings; one-to-four family residential real estate loans; and construction loans and loans for the acquisition, development, and construction of residential subdivisions and commercial projects. In addition, it provides commercial and agricultural business loans secured by business equipment, furniture and fixtures, inventory, and receivables, or unsecured; and consumer loans including home improvements, residential lots, mortgage, automobiles, boats, mobile homes, recreational vehicles, and education. The company offers trust, financial planning, and financial management services; and insurance agency services, such as auto, business, and home insurance. Additionally, it invests in various types of liquid assets, including U.S. Treasury obligations and securities of various federal agencies, certificates of deposit at insured institutions, mutual funds, bankers' acceptances, and federal funds, as well as commercial paper and corporate debt securities. It through branch offices in Aiken, Lexington, Richland counties in South Carolina and Columbia; and Richmond counties in Georgia. The company was founded in 1922 and is headquartered in Aiken, South Carolina.
Stock analysis
Security Federal Corporation (SFDL) currently trades at $44.00, while our model-based Fair Value estimate is $49.29, implying the stock looks roughly 10.7% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $57.46 per share, and 3 of the 6 models we run sit above the $44.00 price.
Bear case: the Dividend Discount group reads lowest at $7.49, and 3 of the 6 models stay below the price. Evidence for this calculation is high.
Scenario range: $48.56 (bear) to $64.42 (bull), the price of $44.00 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 56/100 (solid quality), in the Financial Services sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Security Federal Corporation reported revenue of $90.1M in FY2025 versus $48.6M in FY2021, a compound +16.7%/yr. Reported net income was $13.7M in FY2025, compounding +1.7%/yr from FY2021.
Key figures
Market cap $138M · P/E ratio 11.6 · P/S ratio 1.76 · EPS (TTM) $3.80 · Dividend yield 1.4% · Net margin 15.2% · Return on equity 7.3% · Return on assets (EBIT) 1.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades at its 52-week high and 45% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −36% fair-value upside, at 12%, SFDL screens cheaper than that median.
Fair Value models
Bear $48.56Fair Value $49.29Bull $64.42
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then ($2.34 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+4.8%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+21.0%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+13.7%
Start year 2020 (pandemic). Over 10 years: +9.9% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.3%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+14.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.7%
Dividend (yield on the price)1.4%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.13% vs 9%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.18% → 19%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +3.6% a year for the price.
Compare Security Federal Corporation with another stock
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 1076 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside+12% · Above median
Profitability
Return on equity (TTM)7% · Below median
Return on assets1% · Below median
Net margin (TTM)24% · Below median
Operating margin (TTM)30% · Below median
Growth and dividend
Revenue growth10% · Above median
Dividend yield (TTM)1.4% · Bottom 25%
Balance sheet
Debt / equity0.18× · Below median
Valuation Multiplesvs Banks - Regional median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Security Federal Corporation Fair Value". https://www.fairvalue-calculator.com/stock/SFDL
Frequently asked questions
Is Security Federal Corporation (SFDL) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of $49.29 versus a price of $44.00, about +12% upside (undervalued).
What is the fair value of SFDL?
Our model-based fair value for Security Federal Corporation is $49.29 (as of Sep 23, 2026), built from audited fundamentals. The current price: $44.00.
What is the quality score of SFDL?
Security Federal Corporation has a Quality Score of 56/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Security Federal Corporation (SFDL)?
Our model-based price target is the fair value of $49.29 (as of Sep 23, 2026) from 6 valuation models. Cautious scenario $48.56, optimistic scenario $64.42. It is a calculation from audited fundamentals, not an analyst target.
What is the Security Federal Corporation stock forecast for 2026?
Our models put fair value at $49.29, about +12% upside versus a price of $44.00 (undervalued). Cautious scenario $48.56, optimistic scenario $64.42. The calculation is refreshed regularly with new filings.
What is the revenue of Security Federal Corporation (SFDL)?
Security Federal Corporation reported trailing-twelve-month revenue of about $60.2M (latest available figure, as of Sep 23, 2026).
Does Security Federal Corporation pay a dividend?
Security Federal Corporation currently shows a dividend yield of about 1.39% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Security Federal Corporation (SFDL)?
For today's price to be fair in a discounted-cash-flow model, Security Federal Corporation would have to grow free cash flow by +6.0 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.7 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of SFDL use?
Our models discount Security Federal Corporation at 11.2 %: a base by market capitalisation (micro), damped by beta 0.43, country premium for USA. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Security Federal Corporation that is +6.0 % per year a year over ten years, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Security Federal Corporation (SFDL) delivered so far?
Over the past 5 years revenue at Security Federal Corporation grew +13.7 % a year. The price currently implies +6.0 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Security Federal Corporation (SFDL) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Security Federal Corporation (+6.0 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Security Federal Corporation (SFDL)?
The free-cash-flow yield on the price is 6.36 %: that much free cash flow Security Federal Corporation produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Security Federal Corporation (SFDL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Security Federal Corporation it is $49.29 per share (as of Sep 23, 2026), against a price of $44.00. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Security Federal Corporation stock overvalued or undervalued in 2026?
As of Sep 23, 2026, SFDL trades below its calculated fair value: price $44.00, fair value $49.29, a gap of about +12% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SFDL?
No. The price is what the market pays today ($44.00); the fair value is what the company's own numbers justify ($49.29). For Security Federal Corporation the two are $5.29 per share apart. That gap is exactly why we show both numbers side by side.
How much is Security Federal Corporation worth?
The market values Security Federal Corporation at about $138M (market capitalisation, as of Sep 23, 2026). Per share that is $44.00; our models calculate a fair value of $49.29 per share.
What do the bullish and bearish scenarios say about SFDL?
Our models span a range for Security Federal Corporation: cautious scenario $48.56, base $49.29, optimistic $64.42 per share (as of Sep 23, 2026, price $44.00). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SFDL?
Security Federal Corporation trades at a price-to-earnings ratio of 11.6 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of $49.29 is built from several models across several years. Other multiples: P/B 0.7, P/S 2.3, EV/EBITDA 7.1.
How solid is the balance sheet of Security Federal Corporation (SFDL)?
Balance-sheet figures for Security Federal Corporation (as of Sep 23, 2026): return on equity 7.3%, debt of 0.18 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is SFDL from its 52-week high?
Security Federal Corporation trades at $44.00, at its 52-week high of $44.17 and 45% above the low of $30.33 (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of $49.29 is for.
Which stocks are comparable to Security Federal Corporation?
From the same area (Financial Services) we also value DBS Group, China Merchants Bank Co, UniCredit S.p.A, Intesa Sanpaolo S.p.A, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Security Federal Corporation stock attractive at the current price?
The data as of Sep 23, 2026: price $44.00, calculated fair value $49.29 (+12%), Quality Score 56/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SFDL calculated?
We run Security Federal Corporation through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of $49.29, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Security Federal Corporation currently trades 12 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Security Federal Corporation (SFDL)?
The closing price on Sep 24, 2026 was $44.00. Our model-based fair value is $49.29, about +12% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Security Federal Corporation right now?
The price is below even our cautious bear case ($48.56). The market is more pessimistic than our downside scenario. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Where does the earnings growth of Security Federal Corporation (SFDL) come from?
Earnings per share at Security Federal Corporation grew +6.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.6 %, EBIT margin −3.3 %, tax rate +0.8 %, residual (interest, one-offs) +0.0 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Security Federal Corporation
How large is the market capitalisation of Security Federal Corporation (SFDL)?
The market capitalisation of Security Federal Corporation is $138M. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Security Federal Corporation (SFDL)?
The price-to-sales ratio of Security Federal Corporation is 1.76 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Security Federal Corporation (SFDL)?
Earnings per share at Security Federal Corporation are $3.80 (price ÷ EPS = P/E 11.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Security Federal Corporation (SFDL)?
The dividend yield of Security Federal Corporation is 1.4% (payout 16.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Security Federal Corporation (SFDL)?
The net margin of Security Federal Corporation is 15.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Security Federal Corporation (SFDL)?
The return on equity (ROE) of Security Federal Corporation is 7.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Security Federal Corporation (SFDL)?
On an EBIT basis the return on assets of Security Federal Corporation is 1.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Security Federal Corporation (SFDL)?
The operating margin of Security Federal Corporation is 29.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Security Federal Corporation (SFDL)?
Revenue at Security Federal Corporation is growing +9.6% versus a year earlier (3y avg +21.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Security Federal Corporation (SFDL)?
Earnings per share at Security Federal Corporation are growing +23.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Security Federal Corporation (SFDL) carry?
The net debt of Security Federal Corporation is $24.3M (fiscal year 2025, ≈ 2.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Broad data
Sep 23, 2026