Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$28.54
-7.99% vs spot
Underweight
Spot price
$31.02
Mkt cap $16.12B
subtle cardAnalyst PT consensus
$28.75
-7.32% vs spot
subtle cardMethods covered
19 / 20
9 in blend
subtle cardFootball field
BEN · fair-value range by method
Method comparison
BEN · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $95.90 | $61.95 – $154.18 | +209.15% | 6.0% | WACC 6.2%, g₀=25.0%, gₗ=2.0% | high |
| DCF · FCFE | dcf | $42.97 | $34.38 – $54.46 | +38.53% | 11.9% | kₑ 11.6%, g₀=25.0%, gₗ=2.0% | high |
| DDM · Gordon | ddm | $14.60 | $13.22 – $16.31 | -52.94% | 11.9% | D₁ 1.37, kₑ 11.6%, gₗ 2.0% | med |
| DDM · H-model | ddm | $31.06 | $26.17 – $37.09 | +0.13% | — | D₀ 1.37, g₀=25.0%, gₗ=2.0%, H 5y | med |
| DDM · multi-stage | ddm | $23.63 | $20.09 – $27.18 | -23.81% | 11.9% | 5y schedule 25.0% → 2.0%, kₑ 11.6% | high |
| Residual income | income | $23.88 | $21.01 – $26.74 | -23.02% | 21.4% | BV 28.38, ROE 3.7% → kₑ | high |
| EVA / MVA | income | $19.85 | $17.47 – $22.23 | -36.01% | 7.1% | IC 23.9B, WACC 6.2% | high |
| Excess returns | income | $26.09 | $22.96 – $29.22 | -15.88% | 14.3% | BV 28.38, ROE 3.7% | high |
| P/E · sector | multiple | $12.74 | $11.21 – $14.27 | -58.93% | 9.5% | EPS 0.91 × peer P/E 14.0 | med |
| P/S · sector | multiple | $52.64 | $44.74 – $60.53 | +69.69% | — | Rev/sh 17.55 × peer P/S 3.00 | med |
| EV / EBITDA | multiple | $8.82 | $7.76 – $9.88 | -71.57% | — | EBITDA × peer 10.0× − ND 9.7B | high |
| EV / EBIT | multiple | -$4.95 | -$4.21 – -$5.70 | -115.97% | — | EBIT × peer 12.0× − ND | med |
| EV / Sales | multiple | $25.29 | $21.49 – $29.08 | -18.49% | — | Sales × peer 2.55× − ND | med |
| PEG-anchored | multiple | $36.40 | $30.94 – $41.86 | +17.34% | — | PEG=1, fwd EPS g 200.7% | med |
| Earnings power | intrinsic | -$4.86 | -$4.28 – -$5.44 | -115.67% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $43.54 | $37.01 – $50.07 | +40.37% | — | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $22.75 | $19.34 – $26.16 | -26.66% | — | PE = g (25.0) | low |
| Book NAV | asset | $28.38 | $26.97 – $29.80 | -8.49% | 6.0% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $11.10 | $9.44 – $12.77 | -64.20% | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g 5.7% · Conservative — modest implied growth | 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 (1.59)β | × 1.59 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 11.56% |
| Pre-tax cost of debtkd | 0.71% |
| Effective tax ratet | 24.8% |
| After-tax cost of debt | 0.54% |
| Equity weight$14.2B | 51.6% |
| Debt weight$13.3B | 48.4% |
| WACC | 6.22% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | -20.18% |
| Analyst forward EPS growthFMP | 200.67% |
| Historical 5y revenue CAGRFY | 1.01% |
| Historical 5y EPS CAGRFY | -28.95% |
| Sustainable g (ROE × retention)Δ | 0.00% |
| Blended near-term growth (g₀) | 25.00% |
| Terminal growth (gₗ) | 2.00% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2022-09-29)
- 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 $28.75
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.