Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$188.50
+417.42% vs spot
Strong Buy
Spot price
$36.43
Mkt cap $12.88B
subtle cardAnalyst PT consensus
$32.46
-10.90% vs spot
subtle cardMethods covered
18 / 19
9 in blend
subtle cardFootball field
APA · fair-value range by method
Method comparison
APA · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $562.48 | $331.92 – $1,197.46 | +1444.00% | 20.0% | WACC 4.2%, g₀=25.0%, gₗ=2.0% | high |
| DCF · FCFE | dcf | $284.92 | $200.13 – $432.10 | +682.10% | 11.1% | kₑ 6.1%, g₀=25.0%, gₗ=2.0% | high |
| DDM · Gordon | ddm | $22.85 | $18.39 – $30.15 | -37.28% | — | D₁ 0.92, kₑ 6.1%, gₗ 2.0% | med |
| DDM · H-model | ddm | $48.61 | $36.43 – $68.59 | +33.44% | — | D₀ 0.92, g₀=25.0%, gₗ=2.0%, H 5y | med |
| DDM · multi-stage | ddm | $37.79 | $32.12 – $43.45 | +3.72% | — | 5y schedule 25.0% → 2.0%, kₑ 6.1% | high |
| Residual income | income | $24.53 | $21.59 – $27.48 | -32.66% | 5.6% | BV 17.99, ROE 20.5% → kₑ | high |
| EVA / MVA | income | $454.05 | $399.57 – $508.54 | +1146.37% | 3.3% | IC 11.3B, WACC 4.2% | high |
| P/E · sector | multiple | $47.88 | $42.13 – $53.63 | +31.43% | 11.1% | EPS 3.99 × peer P/E 12.0 | med |
| P/S · sector | multiple | $27.50 | $23.37 – $31.62 | -24.52% | — | Rev/sh 22.91 × peer P/S 1.20 | med |
| EV / EBITDA | multiple | $72.74 | $64.01 – $81.47 | +99.66% | 22.2% | EBITDA × peer 6.0× − ND 4.3B | high |
| EV / EBIT | multiple | $39.83 | $33.86 – $45.81 | +9.34% | 8.9% | EBIT × peer 7.2× − ND | med |
| EV / Sales | multiple | $12.34 | $10.49 – $14.19 | -66.12% | 6.7% | Sales × peer 1.02× − ND | med |
| PEG-anchored | multiple | $159.60 | $135.66 – $183.54 | +338.10% | — | PEG=1, fwd EPS g 58.8% | med |
| Earnings power | intrinsic | $90.63 | $79.75 – $101.50 | +148.77% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $190.91 | $162.27 – $219.55 | +424.05% | — | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $99.75 | $84.79 – $114.71 | +173.81% | — | PE = g (25.0) | low |
| Book NAV | asset | $17.99 | $17.09 – $18.89 | -50.62% | 11.1% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $3.75 | $3.18 – $4.31 | -89.72% | — | 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 (0.37)β | × 0.37 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 6.13% |
| Pre-tax cost of debtkd | 2.35% |
| Effective tax ratet | 39.4% |
| After-tax cost of debt | 1.42% |
| Equity weight$7.0B | 59.3% |
| Debt weight$4.8B | 40.7% |
| WACC | 4.21% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 5.58% |
| Analyst forward EPS growthFMP | 58.79% |
| Historical 5y revenue CAGRFY | 2.81% |
| Historical 5y EPS CAGRFY | 11.41% |
| Sustainable g (ROE × retention)Δ | 15.34% |
| Blended near-term growth (g₀) | 25.00% |
| 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— Energy (live sector PE unavailable)
- FMP /price-target-consensus— mean $32.46
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.