Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$359.64
+179.88% vs spot
Strong Buy
Spot price
$128.50
Mkt cap $42.2B
subtle cardAnalyst PT consensus
$177.38
+38.04% vs spot
subtle cardMethods covered
16 / 17
7 in blend
subtle cardFootball field
ARES · fair-value range by method
Method comparison
ARES · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $2,399.86 | $664.14 – $2,721.49 | +1767.59% | 7.8% | WACC 6.9%, g₀=25.0%, gₗ=6.4% | high |
| DCF · FCFE | dcf | $136.51 | $99.50 – $196.14 | +6.24% | 15.6% | kₑ 11.2%, g₀=25.0%, gₗ=6.4% | high |
| Residual income | income | $25.40 | $22.35 – $28.45 | -80.23% | 28.1% | BV 28.60, ROE 6.1% → kₑ | high |
| EVA / MVA | income | $1,410.05 | $1,240.84 – $1,579.25 | +997.31% | 9.4% | IC 22.1B, WACC 6.9% | high |
| Excess returns | income | $31.06 | $27.33 – $34.78 | -75.83% | 18.8% | BV 28.60, ROE 6.1% | high |
| P/E · sector | multiple | $27.44 | $24.15 – $30.73 | -78.65% | 12.5% | EPS 1.96 × peer P/E 14.0 | med |
| P/S · sector | multiple | $63.79 | $54.22 – $73.36 | -50.36% | — | Rev/sh 21.26 × peer P/S 3.00 | med |
| EV / EBITDA | multiple | $31.39 | $27.62 – $35.15 | -75.58% | — | EBITDA × peer 10.0× − ND 13.4B | high |
| EV / EBIT | multiple | $25.38 | $21.58 – $29.19 | -80.25% | — | EBIT × peer 12.0× − ND | med |
| EV / Sales | multiple | $10.14 | $8.62 – $11.66 | -92.11% | — | Sales × peer 2.55× − ND | med |
| PEG-anchored | multiple | $78.40 | $66.64 – $90.16 | -38.99% | — | PEG=1, fwd EPS g 206.5% | med |
| Earnings power | intrinsic | $26.96 | $23.72 – $30.19 | -79.02% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $93.78 | $79.71 – $107.85 | -27.02% | — | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $49.00 | $41.65 – $56.35 | -61.87% | — | PE = g (25.0) | low |
| Book NAV | asset | $28.60 | $27.17 – $30.03 | -77.75% | 7.8% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $1.49 | $1.27 – $1.71 | -98.84% | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g -20.0% · Pessimistic — market pricing decline | high |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (1.52)β | × 1.52 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 11.24% |
| Pre-tax cost of debtkd | 5.15% |
| Effective tax ratet | 15.4% |
| After-tax cost of debt | 4.35% |
| Equity weight$8.7B | 36.8% |
| Debt weight$14.9B | 63.2% |
| WACC | 6.89% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | -11.33% |
| Analyst forward EPS growthFMP | 206.46% |
| Historical 5y revenue CAGRFY | 11.33% |
| Historical 5y EPS CAGRFY | -2.29% |
| Sustainable g (ROE × retention)Δ | 6.06% |
| Blended near-term growth (g₀) | 25.00% |
| Terminal growth (gₗ) | 6.39% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2022-12-30)
- Treasury rates · 10y— 4.46% rf(as of 2026-05-12)
- market_risk_premium · DB— 4.46% ERP(as of 2026-05-13)
- Sector multiple defaults— Financial Services (live sector PE unavailable)
- FMP /price-target-consensus— mean $177.38
This page is generated by a quantitative valuation engine for research purposes only and does not constitute investment advice. Methodology follows standard CFA / Damodaran frameworks; assumptions are driven by analyst consensus from Financial Modeling Prep and reported financial statements.