Loading verified market, valuation, and statement data.
2. Company Fundamentals
2.1 Competitiveness
| Metric |
Value |
| Operating Margins |
27.49% |
| Profit Margins |
18.12% |
| Return on Equity |
18.86% |
| Return on Assets |
3.9% |
| Free Float |
0.36B |
| Dividend Yield |
4.70% |
| Short Int % Utilisation |
5.02% |
2.2 Growth
| Metric |
Value |
| Revenue Growth |
7.7% |
| Free Cash Flow |
-1.13B |
| EBITDA |
8.36 (Ratio) |
| Enterprise Value |
71.69B |
| EV/Revenue |
3.66 |
| EV/EBITDA |
8.36 |
Revenue growth of 7.7% indicates steady, moderate expansion.
2.3 Management
| Role |
Metric |
| Consensus Rating |
N/A |
2.4 Return
| Metric |
Value |
| Expected Return (Ann.)* |
40.49% |
| Risk / Std Dev (Ann.)* |
25.25% |
| 1-Year Price Return* |
35.76% |
Latest Market Data (as of 2026-08-14, US Eastern time):
| Metric |
Value |
| Last Price |
$71.41 |
| 52-Week Range |
$52.00 – $81.62 |
| 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 |
$19.32B |
| Prior annual revenue |
$17.60B |
| EBIT |
$7.53B |
| Tax rate |
21.50% |
| NOPAT = EBIT × (1 − tax rate) |
$5.91B |
| Forecast start-growth basis |
9.76% |
| Forecast policy |
latest reported annual revenue growth, bounded to -10.00% / 15.00% |
Step 2 — Calculate FCFF
| Current FCFF building block |
Value |
| NOPAT |
$5.91B |
| Add: depreciation & amortisation |
$3.24B |
| Less: capital expenditure |
-$6.51B |
| Less/(add): working-capital cash-flow movement |
-$2.75B |
| Current unlevered FCFF |
-$121.17M |
Explicit FCFF forecast
| Forecast year |
Revenue growth |
NOPAT |
D&A |
Capex |
Change in NWC |
FCFF |
Present value |
| 1 |
9.76% |
$6.49B |
$3.55B |
-$7.15B |
-$3.02B |
-$132.99M |
-$129.68M |
| 2 |
7.95% |
$7.00B |
$3.84B |
-$6.75B |
-$3.26B |
$827.42M |
$767.05M |
| 3 |
6.13% |
$7.43B |
$4.07B |
-$6.13B |
-$3.46B |
$1.91B |
$1.68B |
| 4 |
4.32% |
$7.75B |
$4.25B |
-$5.32B |
-$3.61B |
$3.07B |
$2.57B |
| 5 |
2.50% |
$7.95B |
$4.35B |
-$4.35B |
-$3.70B |
$4.24B |
$3.38B |
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 |
8.29% |
| Pre-tax cost of debt |
3.88% |
| WACC |
5.18% |
| WACC validation |
requires assumption review |
Step 4 — Estimate Terminal Value
| Terminal-value input |
Value |
| Perpetuity growth rate |
2.50% |
| Terminal value |
$162.34B |
| Implied terminal EV / EBITDA |
11.21x |
| Terminal value as % of enterprise value |
93.85% |
Step 5 — Discount Cash Flows to Enterprise Value
| Enterprise-value component |
Value |
| Present value of explicit FCFF |
$8.27B |
| Present value of terminal value |
$126.12B |
| Indicated enterprise value |
$134.39B |
| 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 |
$134.39B |
| Less: gross interest-bearing debt |
$41.55B |
| Add: cash and equivalents |
$158.00M |
| Add: affiliate investments |
$0.00 |
| Less: minority interests |
$1.68B |
| Indicated common equity value |
$91.32B |
Step 7 — Calculate Indicative Value Per Share
| Per-share output |
Value |
| Shares used |
386,000,000.00 |
| Share-count basis |
reported diluted weighted-average shares |
| Current market price |
$74.00 |
| DCF indicative value per share |
$236.57 |
| Indicative value vs. market price |
219.69% |
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 |
review required |
| 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 |
0/4 evidenced checks |
| Lynch-inspired balance-and-growth checks |
1/4 evidenced checks |