Loading verified market, valuation, and statement data.
2. Company Fundamentals
2.1 Competitiveness
| Metric |
Value |
| Operating Margins |
10.61% |
| Profit Margins |
10.2% |
| Return on Equity |
9.17% |
| Return on Assets |
3.39% |
| Free Float |
0.14B |
| Short Int % Utilisation |
15.8% |
2.2 Growth
| Metric |
Value |
| Revenue Growth |
5.8% |
| Free Cash Flow |
0.7B |
| EBITDA |
20.78 (Ratio) |
| Enterprise Value |
23.83B |
| EV/Revenue |
5.59 |
| EV/EBITDA |
20.78 |
Revenue growth of 5.8% indicates steady, moderate expansion.
2.3 Management
| Role |
Metric |
| Consensus Rating |
N/A |
2.4 Return
| Metric |
Value |
| Expected Return (Ann.)* |
98.37% |
| Risk / Std Dev (Ann.)* |
57.91% |
| 1-Year Price Return* |
67.95% |
Latest Market Data (as of 2026-08-14, US Eastern time):
| Metric |
Value |
| Last Price |
$124.99 |
| 52-Week Range |
$70.82 – $165.45 |
| Observation Count |
251 trading days |
The return and risk statistics use daily adjusted closes from the retrieved one-year series and annualise daily moments using 252 trading days. The last price is the latest regular-market price reported for the stated date. Source: Yahoo Finance market data.
2.5 FCFF DCF Valuation
Valuation basis: This research model follows a five-year, unlevered FCFF DCF. It starts from reported annual operating inputs, forecasts revenue and operating cash conversion under an explicit mechanical policy, discounts FCFF at WACC, applies a Gordon-growth terminal value, and bridges enterprise value to an indicative common-equity value per share. It is an analytical estimate rather than a recommendation or personalised target price.
Step 1 — Forecast Operating Profit and NOPAT
| Reported operating input |
Value |
| Revenue |
$4.21B |
| Prior annual revenue |
$3.99B |
| EBIT |
$633.16M |
| Tax rate |
25.00% |
| NOPAT = EBIT × (1 − tax rate) |
$474.87M |
| Forecast start-growth basis |
5.44% |
| Forecast policy |
latest reported annual revenue growth, bounded to -10.00% / 15.00% |
Step 2 — Calculate FCFF
| Current FCFF building block |
Value |
| NOPAT |
$474.87M |
| Add: depreciation & amortisation |
$708.61M |
| Less: capital expenditure |
-$819.50M |
| Less/(add): working-capital cash-flow movement |
-$173.08M |
| Current unlevered FCFF |
$190.91M |
Explicit FCFF forecast
| Forecast year |
Revenue growth |
NOPAT |
D&A |
Capex |
Change in NWC |
FCFF |
Present value |
| 1 |
5.44% |
$500.69M |
$747.14M |
-$864.06M |
-$182.49M |
$201.29M |
$195.23M |
| 2 |
4.70% |
$524.24M |
$782.28M |
-$874.09M |
-$191.07M |
$241.36M |
$220.23M |
| 3 |
3.97% |
$545.04M |
$813.32M |
-$876.96M |
-$198.65M |
$282.75M |
$242.72M |
| 4 |
3.23% |
$562.67M |
$839.63M |
-$872.48M |
-$205.08M |
$324.75M |
$262.25M |
| 5 |
2.50% |
$576.74M |
$860.62M |
-$860.62M |
-$210.20M |
$366.54M |
$278.46M |
Step 3 — Determine the Discount Rate (WACC)
| WACC input |
Value |
| Risk-free rate |
4.71% |
| Equity risk premium assumption |
5.50% |
| Beta |
0.65 |
| Cost of equity |
8.26% |
| Pre-tax cost of debt |
0.60% |
| WACC |
6.30% |
| WACC validation |
requires assumption review |
Step 4 — Estimate Terminal Value
| Terminal-value input |
Value |
| Perpetuity growth rate |
2.50% |
| Terminal value |
$9.89B |
| Implied terminal EV / EBITDA |
6.07x |
| Terminal value as % of enterprise value |
85.88% |
Step 5 — Discount Cash Flows to Enterprise Value
| Enterprise-value component |
Value |
| Present value of explicit FCFF |
$1.20B |
| Present value of terminal value |
$7.29B |
| Indicated enterprise value |
$8.49B |
| Discounting convention |
mid-year for explicit FCFF; terminal value discounted at year-end five |
Step 6 — Convert Enterprise Value to Equity Value
| Equity bridge |
Value |
| Indicated enterprise value |
$8.49B |
| Less: gross interest-bearing debt |
$5.68B |
| Add: cash and equivalents |
$1.19B |
| Add: affiliate investments |
$0.00 |
| Less: minority interests |
$0.00 |
| Indicated common equity value |
$4.00B |
Step 7 — Calculate Indicative Value Per Share
| Per-share output |
Value |
| Shares used |
147,023,000.00 |
| Share-count basis |
reported diluted weighted-average shares |
| Current market price |
$117.73 |
| DCF indicative value per share |
$27.21 |
| Indicative value vs. market price |
-76.89% |
Model Integrity Checks
| Check |
Result |
| Perpetuity growth is below the risk-free rate |
pass |
| Perpetuity growth is below WACC |
pass |
| WACC is within the configured operating-company range |
review required |
| Terminal-year FCFF is positive |
pass |
| Terminal capex converges to D&A |
pass |
| Terminal-value concentration |
within review band |
| Implied price differs from spot by more than 30% |
review required |
2.6 Investor-Style Research Screen
| Educational screen |
Result |
| Buffett-inspired cash-quality checks |
3/4 evidenced checks |
| Lynch-inspired balance-and-growth checks |
3/4 evidenced checks |