Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$93.31
+87.83% vs spot
Strong Buy
Spot price
$49.68
Mkt cap $8.66B
subtle cardAnalyst PT consensus
$55.00
+10.71% vs spot
subtle cardMethods covered
11 / 12
7 in blend
subtle cardFootball field
ARE · fair-value range by method
Method comparison
ARE · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $85.18 | $104.93 – $168.03 | +71.45% | 12.8% | WACC 6.4%, g₀=-5.0%, gₗ=2.2% | high |
| DCF · FCFE | dcf | $84.19 | $99.90 – $110.05 | +69.47% | 12.8% | kₑ 9.5%, g₀=-5.0%, gₗ=2.2% | high |
| DDM · Gordon | ddm | $87.10 | $76.68 – $100.78 | +75.32% | 12.8% | D₁ 6.28, kₑ 9.5%, gₗ 2.2% | low |
| DDM · H-model | ddm | $56.55 | $76.68 – $80.23 | +13.82% | — | D₀ 6.28, g₀=-5.0%, gₗ=2.2%, H 5y | low |
| DDM · multi-stage | ddm | $73.62 | $62.57 – $84.66 | +48.18% | 23.1% | 5y schedule -5.0% → 2.2%, kₑ 9.5% | low |
| Residual income | income | $87.32 | $76.84 – $97.80 | +75.77% | 6.4% | BV 131.94, ROE -7.5% → kₑ | low |
| P/S · sector | multiple | $102.31 | $86.96 – $117.65 | +105.93% | — | Rev/sh 20.46 × peer P/S 5.00 | med |
| EV / EBITDA | multiple | -$39.42 | -$34.69 – -$44.15 | -179.36% | — | EBITDA × peer 18.0× − ND 12.2B | high |
| EV / Sales | multiple | $2.85 | $2.42 – $3.28 | -94.27% | — | Sales × peer 4.25× − ND | med |
| Book NAV | asset | $131.94 | $125.34 – $138.54 | +165.58% | 25.6% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $62.65 | $53.26 – $72.05 | +26.11% | 6.4% | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g -8.6% · 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 (1.14)β | × 1.14 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 9.53% |
| Pre-tax cost of debtkd | 1.78% |
| Effective tax ratet | 0.0% |
| After-tax cost of debt | 1.78% |
| Equity weight$19.2B | 60.0% |
| Debt weight$12.8B | 40.0% |
| WACC | 6.43% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | -10.60% |
| Analyst forward EPS growthFMP | — |
| Historical 5y revenue CAGRFY | 8.95% |
| Historical 5y EPS CAGRFY | -22.18% |
| Sustainable g (ROE × retention)Δ | -7.47% |
| Blended near-term growth (g₀) | -5.00% |
| Terminal growth (gₗ) | 2.17% |
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— Real Estate (live sector PE unavailable)
- FMP /price-target-consensus— mean $55.00
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.