Loading verified market, valuation, and statement data.
2. Company Fundamentals
2.1 Competitiveness
| Metric |
Value |
| Operating Margins |
16.05% |
| Profit Margins |
13.77% |
| Return on Equity |
38.67% |
| Return on Assets |
14.98% |
| Free Float |
0.31B |
| Dividend Yield |
1.69% |
| Short Int % Utilisation |
3.43% |
2.2 Growth
| Metric |
Value |
| Revenue Growth |
10.2% |
| Free Cash Flow |
0.52B |
| EBITDA |
27.84 (Ratio) |
| Enterprise Value |
23.95B |
| EV/Revenue |
6.23 |
| EV/EBITDA |
27.84 |
Revenue growth of 10.2% indicates steady, moderate expansion.
2.3 Management
| Role |
Metric |
| Consensus Rating |
N/A |
2.4 Return
| Metric |
Value |
| Expected Return (Ann.)* |
-33.77% |
| Risk / Std Dev (Ann.)* |
26.93% |
| 1-Year Price Return* |
-35.94% |
Latest Market Data (as of 2026-08-14, US Eastern time):
| Metric |
Value |
| Last Price |
$36.20 |
| 52-Week Range |
$35.98 – $66.14 |
| 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 |
$3.76B |
| Prior annual revenue |
$3.39B |
| EBIT |
$729.48M |
| Tax rate |
24.90% |
| NOPAT = EBIT × (1 − tax rate) |
$547.84M |
| Forecast start-growth basis |
10.99% |
| Forecast policy |
latest reported annual revenue growth, bounded to -10.00% / 15.00% |
Step 2 — Calculate FCFF
| Current FCFF building block |
Value |
| NOPAT |
$547.84M |
| Add: depreciation & amortisation |
$124.74M |
| Less: capital expenditure |
-$28.09M |
| Less/(add): working-capital cash-flow movement |
-$65.00M |
| Current unlevered FCFF |
$579.50M |
Explicit FCFF forecast
| Forecast year |
Revenue growth |
NOPAT |
D&A |
Capex |
Change in NWC |
FCFF |
Present value |
| 1 |
10.99% |
$608.04M |
$138.45M |
-$31.17M |
-$72.15M |
$643.17M |
$617.63M |
| 2 |
8.87% |
$661.95M |
$150.73M |
-$63.13M |
-$78.54M |
$670.99M |
$594.20M |
| 3 |
6.74% |
$706.59M |
$160.89M |
-$98.56M |
-$83.84M |
$685.08M |
$559.45M |
| 4 |
4.62% |
$739.24M |
$168.33M |
-$135.72M |
-$87.71M |
$684.14M |
$515.19M |
| 5 |
2.50% |
$757.73M |
$172.53M |
-$172.53M |
-$89.91M |
$667.82M |
$463.75M |
Step 3 — Determine the Discount Rate (WACC)
| WACC input |
Value |
| Risk-free rate |
4.71% |
| Equity risk premium assumption |
5.50% |
| Beta |
0.74 |
| Cost of equity |
8.80% |
| Pre-tax cost of debt |
3.09% |
| WACC |
8.44% |
| WACC validation |
within standard range |
Step 4 — Estimate Terminal Value
| Terminal-value input |
Value |
| Perpetuity growth rate |
2.50% |
| Terminal value |
$11.52B |
| Implied terminal EV / EBITDA |
9.75x |
| Terminal value as % of enterprise value |
73.64% |
Step 5 — Discount Cash Flows to Enterprise Value
| Enterprise-value component |
Value |
| Present value of explicit FCFF |
$2.75B |
| Present value of terminal value |
$7.68B |
| Indicated enterprise value |
$10.43B |
| 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 |
$10.43B |
| Less: gross interest-bearing debt |
$1.04B |
| Add: cash and equivalents |
$100.00M |
| Add: affiliate investments |
$0.00 |
| Less: minority interests |
$0.00 |
| Indicated common equity value |
$9.50B |
Step 7 — Calculate Indicative Value Per Share
| Per-share output |
Value |
| Shares used |
484,147,000.00 |
| Share-count basis |
reported diluted weighted-average shares |
| Current market price |
$36.38 |
| DCF indicative value per share |
$19.61 |
| Indicative value vs. market price |
-46.10% |
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 |