Loading verified market, valuation, and statement data.
2. Company Fundamentals
2.1 Competitiveness
| Metric |
Value |
| Operating Margins |
-2.63% |
| Profit Margins |
3.3% |
| Return on Equity |
3.74% |
| Return on Assets |
2.05% |
| Free Float |
0.53B |
| Short Int % Utilisation |
4.27% |
2.2 Growth
| Metric |
Value |
| Revenue Growth |
4.9% |
| Free Cash Flow |
-0.79B |
| EBITDA |
25.66 (Ratio) |
| Enterprise Value |
40.44B |
| EV/Revenue |
1.65 |
| EV/EBITDA |
25.66 |
Revenue growth of 4.9% suggests mature or challenged top-line momentum.
2.3 Management
| Role |
Metric |
| Consensus Rating |
N/A |
2.4 Return
| Metric |
Value |
| Expected Return (Ann.)* |
21.99% |
| Risk / Std Dev (Ann.)* |
46.91% |
| 1-Year Price Return* |
9.34% |
Latest Market Data (as of 2026-08-14, US Eastern time):
| Metric |
Value |
| Last Price |
$82.88 |
| 52-Week Range |
$48.21 – $86.75 |
| 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 |
$24.19B |
| Prior annual revenue |
$24.12B |
| EBIT |
$3.05B |
| Tax rate |
22.80% |
| NOPAT = EBIT × (1 − tax rate) |
$2.35B |
| Forecast start-growth basis |
0.30% |
| Forecast policy |
latest reported annual revenue growth, bounded to -10.00% / 15.00% |
Step 2 — Calculate FCFF
| Current FCFF building block |
Value |
| NOPAT |
$2.35B |
| Add: depreciation & amortisation |
$369.53M |
| Less: capital expenditure |
-$155.04M |
| Less/(add): working-capital cash-flow movement |
-$841.50M |
| Current unlevered FCFF |
$1.72B |
Explicit FCFF forecast
| Forecast year |
Revenue growth |
NOPAT |
D&A |
Capex |
Change in NWC |
FCFF |
Present value |
| 1 |
0.30% |
$2.36B |
$370.64M |
-$155.50M |
-$844.04M |
$1.73B |
$1.60B |
| 2 |
0.85% |
$2.38B |
$373.80M |
-$211.07M |
-$851.22M |
$1.69B |
$1.34B |
| 3 |
1.40% |
$2.41B |
$379.03M |
-$269.03M |
-$863.14M |
$1.66B |
$1.13B |
| 4 |
1.95% |
$2.46B |
$386.42M |
-$330.35M |
-$879.97M |
$1.63B |
$954.39M |
| 5 |
2.50% |
$2.52B |
$396.08M |
-$396.08M |
-$901.97M |
$1.62B |
$810.04M |
Step 3 — Determine the Discount Rate (WACC)
| WACC input |
Value |
| Risk-free rate |
4.71% |
| Equity risk premium assumption |
5.50% |
| Beta |
2.53 |
| Cost of equity |
18.60% |
| Pre-tax cost of debt |
7.71% |
| WACC |
16.62% |
| WACC validation |
requires assumption review |
Step 4 — Estimate Terminal Value
| Terminal-value input |
Value |
| Perpetuity growth rate |
2.50% |
| Terminal value |
$11.74B |
| Implied terminal EV / EBITDA |
3.21x |
| Terminal value as % of enterprise value |
48.26% |
Step 5 — Discount Cash Flows to Enterprise Value
| Enterprise-value component |
Value |
| Present value of explicit FCFF |
$5.84B |
| Present value of terminal value |
$5.44B |
| Indicated enterprise value |
$11.28B |
| 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 |
$11.28B |
| Less: gross interest-bearing debt |
$8.97B |
| Add: cash and equivalents |
$11.96B |
| Add: affiliate investments |
$0.00 |
| Less: minority interests |
-$34.40M |
| Indicated common equity value |
$14.31B |
Step 7 — Calculate Indicative Value Per Share
| Per-share output |
Value |
| Shares used |
622,838,000.00 |
| Share-count basis |
reported diluted weighted-average shares |
| Current market price |
$80.35 |
| DCF indicative value per share |
$22.98 |
| Indicative value vs. market price |
-71.40% |
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 |
4/4 evidenced checks |
| Lynch-inspired balance-and-growth checks |
4/4 evidenced checks |