Loading verified market, valuation, and statement data.
2. Company Fundamentals
2.1 Competitiveness
| Metric |
Value |
| Operating Margins |
23.77% |
| Profit Margins |
17.32% |
| Return on Equity |
36.46% |
| Return on Assets |
11.32% |
| Free Float |
0.25B |
| Dividend Yield |
0.58% |
| Short Int % Utilisation |
3.16% |
2.2 Growth
| Metric |
Value |
| Revenue Growth |
6.8% |
| Free Cash Flow |
0.77B |
| EBITDA |
15.77 (Ratio) |
| Enterprise Value |
21.73B |
| EV/Revenue |
3.89 |
| EV/EBITDA |
15.77 |
Revenue growth of 6.8% indicates steady, moderate expansion.
2.3 Management
| Role |
Metric |
| Consensus Rating |
N/A |
2.4 Return
| Metric |
Value |
| Expected Return (Ann.)* |
-6.11% |
| Risk / Std Dev (Ann.)* |
22.83% |
| 1-Year Price Return* |
-8.45% |
Latest Market Data (as of 2026-08-14, US Eastern time):
| Metric |
Value |
| Last Price |
$97.68 |
| 52-Week Range |
$80.03 – $110.11 |
| 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 |
$5.50B |
| Prior annual revenue |
$5.19B |
| EBIT |
$1.27B |
| Tax rate |
19.90% |
| NOPAT = EBIT × (1 − tax rate) |
$1.02B |
| Forecast start-growth basis |
5.97% |
| Forecast policy |
latest reported annual revenue growth, bounded to -10.00% / 15.00% |
Step 2 — Calculate FCFF
| Current FCFF building block |
Value |
| NOPAT |
$1.02B |
| Add: depreciation & amortisation |
$78.00M |
| Less: capital expenditure |
-$63.00M |
| Less/(add): working-capital cash-flow movement |
-$27.00M |
| Current unlevered FCFF |
$1.00B |
Explicit FCFF forecast
| Forecast year |
Revenue growth |
NOPAT |
D&A |
Capex |
Change in NWC |
FCFF |
Present value |
| 1 |
5.97% |
$1.08B |
$82.66M |
-$66.76M |
-$28.61M |
$1.06B |
$1.02B |
| 2 |
5.10% |
$1.13B |
$86.87M |
-$74.34M |
-$30.07M |
$1.11B |
$990.54M |
| 3 |
4.23% |
$1.18B |
$90.55M |
-$81.85M |
-$31.35M |
$1.16B |
$950.82M |
| 4 |
3.37% |
$1.22B |
$93.60M |
-$89.10M |
-$32.40M |
$1.19B |
$905.09M |
| 5 |
2.50% |
$1.25B |
$95.94M |
-$95.94M |
-$33.21M |
$1.22B |
$854.31M |
Step 3 — Determine the Discount Rate (WACC)
| WACC input |
Value |
| Risk-free rate |
4.71% |
| Equity risk premium assumption |
5.50% |
| Beta |
0.75 |
| Cost of equity |
8.85% |
| Pre-tax cost of debt |
3.40% |
| WACC |
8.18% |
| WACC validation |
within standard range |
Step 4 — Estimate Terminal Value
| Terminal-value input |
Value |
| Perpetuity growth rate |
2.50% |
| Terminal value |
$21.95B |
| Implied terminal EV / EBITDA |
13.25x |
| Terminal value as % of enterprise value |
75.82% |
Step 5 — Discount Cash Flows to Enterprise Value
| Enterprise-value component |
Value |
| Present value of explicit FCFF |
$4.72B |
| Present value of terminal value |
$14.82B |
| Indicated enterprise value |
$19.54B |
| 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 |
$19.54B |
| Less: gross interest-bearing debt |
$2.88B |
| Add: cash and equivalents |
$2.03B |
| Add: affiliate investments |
$0.00 |
| Less: minority interests |
$1.00M |
| Indicated common equity value |
$18.69B |
Step 7 — Calculate Indicative Value Per Share
| Per-share output |
Value |
| Shares used |
250,300,000.00 |
| Share-count basis |
reported diluted weighted-average shares |
| Current market price |
$96.79 |
| DCF indicative value per share |
$74.68 |
| Indicative value vs. market price |
-22.85% |
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% |
within review band |
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 |