Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$19.96
-23.51% vs spot
Sell
Spot price
$26.10
Mkt cap $14.65B
subtle cardAnalyst PT consensus
$32.40
+24.14% vs spot
subtle cardMethods covered
19 / 20
13 in blend
subtle cardFootball field
NWSA · fair-value range by method
Method comparison
NWSA · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $17.98 | $20.21 – $26.69 | -31.13% | 22.0% | WACC 6.5%, g₀=-5.0%, gₗ=2.0% | high |
| DCF · FCFE | dcf | $13.17 | $15.37 – $17.64 | -49.53% | 18.0% | kₑ 8.5%, g₀=-5.0%, gₗ=2.0% | high |
| DDM · Gordon | ddm | $4.56 | $3.95 – $5.39 | -82.53% | — | D₁ 0.29, kₑ 8.5%, gₗ 2.0% | med |
| DDM · H-model | ddm | $2.99 | $3.95 – $4.33 | -88.53% | — | D₀ 0.29, g₀=-5.0%, gₗ=2.0%, H 5y | med |
| DDM · multi-stage | ddm | $3.86 | $3.28 – $4.44 | -85.20% | 4.0% | 5y schedule -5.0% → 2.0%, kₑ 8.5% | high |
| Residual income | income | $16.11 | $14.18 – $18.04 | -38.27% | 12.0% | BV 14.71, ROE 12.6% → kₑ | high |
| EVA / MVA | income | $11.32 | $9.96 – $12.68 | -56.64% | 8.0% | IC 9.9B, WACC 6.5% | high |
| Justified P/E | multiple | $2.29 | $1.94 – $2.63 | -91.24% | 6.0% | Fair P/E 1.1 (payout 16%, kₑ 8.5%, g -5.0%) | med |
| P/E · sector | multiple | $45.54 | $40.08 – $51.00 | +74.48% | 10.0% | EPS 2.07 × peer P/E 22.0 | med |
| Justified P/B | multiple | $19.16 | $16.29 – $22.03 | -26.59% | — | Fair P/B 1.30 · ROE 12.6%, kₑ 8.5% | high |
| P/S · sector | multiple | $52.95 | $45.01 – $60.89 | +102.88% | — | Rev/sh 13.24 × peer P/S 4.00 | med |
| EV / EBITDA | multiple | $30.19 | $26.56 – $33.81 | +15.66% | 10.0% | EBITDA × peer 14.0× − ND 0.5B | high |
| EV / EBIT | multiple | $24.31 | $20.67 – $27.96 | -6.84% | — | EBIT × peer 16.8× − ND | med |
| EV / Sales | multiple | $44.17 | $37.54 – $50.79 | +69.22% | 5.0% | Sales × peer 3.40× − ND | med |
| Earnings power | intrinsic | $15.61 | $13.73 – $17.48 | -40.20% | 1.0% | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $17.36 | $14.75 – $19.96 | -33.49% | 1.0% | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $10.35 | $8.80 – $11.90 | -60.34% | 1.0% | PE = g (-5.0) | low |
| Book NAV | asset | $14.71 | $13.97 – $15.44 | -43.66% | 2.0% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $8.55 | $7.27 – $9.83 | -67.24% | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g 0.2% · 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 (0.90)β | × 0.90 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 8.48% |
| Pre-tax cost of debtkd | 0.34% |
| Effective tax ratet | 28.4% |
| After-tax cost of debt | 0.24% |
| Equity weight$9.4B | 76.2% |
| Debt weight$2.9B | 23.8% |
| WACC | 6.52% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 5.50% |
| Analyst forward EPS growthFMP | -48.83% |
| Historical 5y revenue CAGRFY | -2.51% |
| Historical 5y EPS CAGRFY | 38.66% |
| Sustainable g (ROE × retention)Δ | 10.60% |
| Blended near-term growth (g₀) | -5.00% |
| Terminal growth (gₗ) | 2.00% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2023-06-29)
- 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— Communication Services (live sector PE unavailable)
- FMP /price-target-consensus— mean $32.40
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.