Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$52.78
-27.28% vs spot
Sell
Spot price
$72.58
Mkt cap $22.42B
subtle cardAnalyst PT consensus
$81.00
+11.61% vs spot
subtle cardMethods covered
17 / 18
7 in blend
subtle cardFootball field
CMS · fair-value range by method
Method comparison
CMS · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DDM · Gordon | ddm | $50.79 | $40.86 – $67.09 | -30.02% | 13.3% | D₁ 2.05, kₑ 6.1%, gₗ 2.0% | med |
| DDM · H-model | ddm | $58.02 | $40.86 – $86.52 | -20.05% | — | D₀ 2.05, g₀=4.9%, gₗ=2.0%, H 5y | med |
| DDM · multi-stage | ddm | $54.35 | $46.20 – $62.50 | -25.11% | 24.0% | 5y schedule 4.9% → 2.0%, kₑ 6.1% | high |
| Residual income | income | $33.41 | $29.40 – $37.42 | -53.96% | 13.3% | BV 30.01, ROE 11.0% → kₑ | high |
| EVA / MVA | income | $89.95 | $79.16 – $100.75 | +23.95% | 6.7% | IC 28.0B, WACC 4.2% | high |
| Justified P/E | multiple | $189.94 | $161.45 – $218.44 | +161.72% | — | Fair P/E 53.8 (payout 62%, kₑ 6.1%, g 4.9%) | med |
| P/E · sector | multiple | $63.54 | $55.92 – $71.16 | -12.45% | 16.0% | EPS 3.53 × peer P/E 18.0 | med |
| Justified P/B | multiple | $152.18 | $129.35 – $175.01 | +109.69% | — | Fair P/B 5.07 · ROE 11.0%, kₑ 6.1% | high |
| P/S · sector | multiple | $58.05 | $49.34 – $66.76 | -20.02% | — | Rev/sh 26.39 × peer P/S 2.20 | med |
| EV / EBITDA | multiple | $51.70 | $45.50 – $57.91 | -28.76% | 20.0% | EBITDA × peer 11.0× − ND 18.3B | high |
| EV / EBIT | multiple | $13.82 | $11.75 – $15.89 | -80.96% | — | EBIT × peer 13.2× − ND | med |
| EV / Sales | multiple | -$7.28 | -$6.19 – -$8.37 | -110.03% | — | Sales × peer 1.87× − ND | med |
| PEG-anchored | multiple | $35.43 | $30.11 – $40.74 | -51.19% | — | PEG=1, fwd EPS g 10.0% | med |
| Earnings power | intrinsic | $42.37 | $37.28 – $47.45 | -41.62% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $63.78 | $54.22 – $73.35 | -12.11% | — | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $17.65 | $15.00 – $20.30 | -75.68% | — | PE = g (4.9) | low |
| Book NAV | asset | $30.01 | $28.51 – $31.51 | -58.65% | 6.7% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | — | — | — | — | Cash 100% + non-cash 70% − Liab. | low |
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 (0.37)β | × 0.37 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 6.11% |
| Pre-tax cost of debtkd | 4.17% |
| Effective tax ratet | 21.4% |
| After-tax cost of debt | 3.27% |
| Equity weight$9.7B | 33.9% |
| Debt weight$18.9B | 66.1% |
| WACC | 4.24% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 4.40% |
| Analyst forward EPS growthFMP | 10.04% |
| Historical 5y revenue CAGRFY | 3.89% |
| Historical 5y EPS CAGRFY | -6.71% |
| Sustainable g (ROE × retention)Δ | 4.20% |
| Blended near-term growth (g₀) | 4.91% |
| Terminal growth (gₗ) | 2.00% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2023-12-31)
- 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— Utilities (live sector PE unavailable)
- FMP /price-target-consensus— mean $81.00
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.