Loading verified market, valuation, and statement data.
2. Company Fundamentals
2.1 Competitiveness
| Metric |
Value |
| Operating Margins |
4.04% |
| Profit Margins |
2.73% |
| Return on Equity |
39.1% |
| Return on Assets |
7.77% |
| Free Float |
0.2B |
| Dividend Yield |
4.94% |
| Short Int % Utilisation |
10.18% |
2.2 Growth
| Metric |
Value |
| Revenue Growth |
1.9% |
| Free Cash Flow |
1.14B |
| EBITDA |
6.94 (Ratio) |
| Enterprise Value |
18.17B |
| EV/Revenue |
0.43 |
| EV/EBITDA |
6.94 |
Revenue growth of 1.9% suggests mature or challenged top-line momentum.
2.3 Management
| Role |
Metric |
| Consensus Rating |
N/A |
2.4 Return
| Metric |
Value |
| Expected Return (Ann.)* |
37.23% |
| Risk / Std Dev (Ann.)* |
37.78% |
| 1-Year Price Return* |
27.38% |
Latest Market Data (as of 2026-08-14, US Eastern time):
| Metric |
Value |
| Last Price |
$86.42 |
| 52-Week Range |
$55.10 – $91.27 |
| Observation Count |
248 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 |
$41.69B |
| Prior annual revenue |
$41.53B |
| EBIT |
$1.45B |
| Tax rate |
24.00% |
| NOPAT = EBIT × (1 − tax rate) |
$1.10B |
| Forecast start-growth basis |
0.39% |
| Forecast policy |
latest reported annual revenue growth, bounded to -10.00% / 15.00% |
Step 2 — Calculate FCFF
| Current FCFF building block |
Value |
| NOPAT |
$1.10B |
| Add: depreciation & amortisation |
$831.00M |
| Less: capital expenditure |
-$704.00M |
| Less/(add): working-capital cash-flow movement |
-$539.00M |
| Current unlevered FCFF |
$690.72M |
Explicit FCFF forecast
| Forecast year |
Revenue growth |
NOPAT |
D&A |
Capex |
Change in NWC |
FCFF |
Present value |
| 1 |
0.39% |
$1.11B |
$834.26M |
-$706.76M |
-$541.12M |
$693.43M |
$661.36M |
| 2 |
0.92% |
$1.12B |
$841.93M |
-$745.43M |
-$546.09M |
$667.64M |
$579.23M |
| 3 |
1.45% |
$1.13B |
$854.11M |
-$788.84M |
-$553.99M |
$644.66M |
$508.76M |
| 4 |
1.97% |
$1.16B |
$870.96M |
-$837.68M |
-$564.92M |
$624.10M |
$448.04M |
| 5 |
2.50% |
$1.18B |
$892.73M |
-$892.73M |
-$579.04M |
$605.60M |
$395.47M |
Step 3 — Determine the Discount Rate (WACC)
| WACC input |
Value |
| Risk-free rate |
4.71% |
| Equity risk premium assumption |
5.50% |
| Beta |
1.32 |
| Cost of equity |
11.96% |
| Pre-tax cost of debt |
1.15% |
| WACC |
9.93% |
| WACC validation |
within standard range |
Step 4 — Estimate Terminal Value
| Terminal-value input |
Value |
| Perpetuity growth rate |
2.50% |
| Terminal value |
$8.35B |
| Implied terminal EV / EBITDA |
3.41x |
| Terminal value as % of enterprise value |
66.73% |
Step 5 — Discount Cash Flows to Enterprise Value
| Enterprise-value component |
Value |
| Present value of explicit FCFF |
$2.59B |
| Present value of terminal value |
$5.20B |
| Indicated enterprise value |
$7.79B |
| 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 |
$7.79B |
| Less: gross interest-bearing debt |
$4.13B |
| Add: cash and equivalents |
$1.74B |
| Add: affiliate investments |
$0.00 |
| Less: minority interests |
$0.00 |
| Indicated common equity value |
$5.40B |
Step 7 — Calculate Indicative Value Per Share
| Per-share output |
Value |
| Shares used |
212,100,000.00 |
| Share-count basis |
reported diluted weighted-average shares |
| Current market price |
$87.83 |
| DCF indicative value per share |
$25.46 |
| Indicative value vs. market price |
-71.02% |
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 |
4/4 evidenced checks |
| Lynch-inspired balance-and-growth checks |
4/4 evidenced checks |