Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$1,369.61
+264.65% vs spot
Strong Buy
Spot price
$375.60
Mkt cap $99.04B
subtle cardAnalyst PT consensus
$372.50
-0.83% vs spot
subtle cardMethods covered
15 / 17
12 in blend
subtle cardFootball field
MAR · fair-value range by method
Method comparison
MAR · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $4,404.88 | $1,223.56 – $5,020.09 | +1072.76% | 28.0% | WACC 3.6%, g₀=19.2%, gₗ=3.1% | high |
| DCF · FCFE | dcf | $250.65 | $190.09 – $340.18 | -33.27% | 21.0% | kₑ 9.4%, g₀=19.2%, gₗ=3.1% | high |
| DDM · Gordon | ddm | $47.17 | $40.68 – $56.13 | -87.44% | — | D₁ 2.87, kₑ 9.4%, gₗ 3.1% | med |
| DDM · H-model | ddm | $84.01 | $66.53 – $108.12 | -77.63% | — | D₀ 2.87, g₀=19.2%, gₗ=3.1%, H 5y | med |
| DDM · multi-stage | ddm | $66.94 | $56.90 – $76.98 | -82.18% | 7.0% | 5y schedule 19.2% → 3.1%, kₑ 9.4% | high |
| P/E · sector | multiple | $189.80 | $167.02 – $212.58 | -49.47% | 16.8% | EPS 9.49 × peer P/E 20.0 | med |
| P/S · sector | multiple | $188.22 | $159.98 – $216.45 | -49.89% | 4.2% | Rev/sh 104.56 × peer P/S 1.80 | med |
| EV / EBITDA | multiple | $166.19 | $146.25 – $186.13 | -55.75% | 14.0% | EBITDA × peer 13.0× − ND 16.7B | high |
| EV / EBIT | multiple | $191.17 | $162.49 – $219.84 | -49.10% | 2.8% | EBIT × peer 15.6× − ND | med |
| EV / Sales | multiple | $93.20 | $79.22 – $107.18 | -75.19% | 2.8% | Sales × peer 1.53× − ND | med |
| PEG-anchored | multiple | $209.50 | $178.08 – $240.93 | -44.22% | 1.4% | PEG=1, fwd EPS g 22.1% | med |
| Earnings power | intrinsic | $282.38 | $248.50 – $316.27 | -24.82% | 0.7% | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $439.77 | $373.80 – $505.73 | +17.08% | 0.7% | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $182.55 | $155.17 – $209.93 | -51.40% | 0.7% | PE = g (19.2) | low |
| Book NAV | asset | -$15.06 | -$14.31 – -$15.81 | -104.01% | — | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | — | — | — | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g -20.0% · Pessimistic — market pricing decline | high |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (1.11)β | × 1.11 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 9.40% |
| Pre-tax cost of debtkd | 4.74% |
| Effective tax ratet | 23.4% |
| After-tax cost of debt | 3.63% |
| Equity weight$-3.8B | -28.3% |
| Debt weight$17.1B | 128.3% |
| WACC | 3.63% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 6.60% |
| Analyst forward EPS growthFMP | 22.08% |
| Historical 5y revenue CAGRFY | 17.25% |
| Historical 5y EPS CAGRFY | 29.83% |
| Sustainable g (ROE × retention)Δ | — |
| Blended near-term growth (g₀) | 19.24% |
| Terminal growth (gₗ) | 3.13% |
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— Consumer Cyclical (live sector PE unavailable)
- FMP /price-target-consensus— mean $372.50
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.