Loading verified market, valuation, and statement data.
2. Company Fundamentals
2.1 Competitiveness
| Metric |
Value |
| Operating Margins |
26.3% |
| Profit Margins |
20.11% |
| Return on Equity |
14.63% |
| Return on Assets |
8.01% |
| Free Float |
0.23B |
| Dividend Yield |
0.57% |
| Short Int % Utilisation |
2.0% |
2.2 Growth
| Metric |
Value |
| Revenue Growth |
11.3% |
| Free Cash Flow |
1.39B |
| EBITDA |
21.82 (Ratio) |
| Enterprise Value |
52.81B |
| EV/Revenue |
6.95 |
| EV/EBITDA |
21.82 |
Revenue growth of 11.3% indicates steady, moderate expansion.
2.3 Management
| Role |
Metric |
| Consensus Rating |
N/A |
2.4 Return
| Metric |
Value |
| Expected Return (Ann.)* |
45.47% |
| Risk / Std Dev (Ann.)* |
22.87% |
| 1-Year Price Return* |
41.37% |
Latest Market Data (as of 2026-08-14, US Eastern time):
| Metric |
Value |
| Last Price |
$254.79 |
| 52-Week Range |
$179.24 – $261.16 |
| 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 |
$7.40B |
| Prior annual revenue |
$6.94B |
| EBIT |
$1.88B |
| Tax rate |
17.70% |
| NOPAT = EBIT × (1 − tax rate) |
$1.55B |
| Forecast start-growth basis |
6.63% |
| Forecast policy |
latest reported annual revenue growth, bounded to -10.00% / 15.00% |
Step 2 — Calculate FCFF
| Current FCFF building block |
Value |
| NOPAT |
$1.55B |
| Add: depreciation & amortisation |
$422.80M |
| Less: capital expenditure |
-$130.25M |
| Less/(add): working-capital cash-flow movement |
-$60.62M |
| Current unlevered FCFF |
$1.78B |
Explicit FCFF forecast
| Forecast year |
Revenue growth |
NOPAT |
D&A |
Capex |
Change in NWC |
FCFF |
Present value |
| 1 |
6.63% |
$1.65B |
$450.82M |
-$138.88M |
-$64.63M |
$1.90B |
$1.81B |
| 2 |
5.59% |
$1.74B |
$476.04M |
-$229.00M |
-$68.25M |
$1.92B |
$1.67B |
| 3 |
4.56% |
$1.82B |
$497.76M |
-$325.55M |
-$71.36M |
$1.92B |
$1.52B |
| 4 |
3.53% |
$1.89B |
$515.34M |
-$426.20M |
-$73.88M |
$1.90B |
$1.37B |
| 5 |
2.50% |
$1.93B |
$528.23M |
-$528.23M |
-$75.73M |
$1.86B |
$1.21B |
Step 3 — Determine the Discount Rate (WACC)
| WACC input |
Value |
| Risk-free rate |
4.71% |
| Equity risk premium assumption |
5.50% |
| Beta |
1.00 |
| Cost of equity |
10.20% |
| Pre-tax cost of debt |
3.63% |
| WACC |
9.91% |
| WACC validation |
within standard range |
Step 4 — Estimate Terminal Value
| Terminal-value input |
Value |
| Perpetuity growth rate |
2.50% |
| Terminal value |
$25.68B |
| Implied terminal EV / EBITDA |
8.93x |
| Terminal value as % of enterprise value |
67.89% |
Step 5 — Discount Cash Flows to Enterprise Value
| Enterprise-value component |
Value |
| Present value of explicit FCFF |
$7.57B |
| Present value of terminal value |
$16.01B |
| Indicated enterprise value |
$23.58B |
| 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 |
$23.58B |
| Less: gross interest-bearing debt |
$2.34B |
| Add: cash and equivalents |
$457.95M |
| Add: affiliate investments |
$0.00 |
| Less: minority interests |
$0.00 |
| Indicated common equity value |
$21.70B |
Step 7 — Calculate Indicative Value Per Share
| Per-share output |
Value |
| Shares used |
231,259,000.00 |
| Share-count basis |
reported diluted weighted-average shares |
| Current market price |
$249.23 |
| DCF indicative value per share |
$93.82 |
| Indicative value vs. market price |
-62.36% |
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 |
pass |
| 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 |
4/4 evidenced checks |