Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$1,796.65
+451.92% vs spot
Strong Buy
Spot price
$325.53
Mkt cap $32.85B
subtle cardAnalyst PT consensus
$457.64
+40.58% vs spot
subtle cardMethods covered
18 / 19
12 in blend
subtle cardFootball field
ROP · fair-value range by method
Method comparison
ROP · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $4,813.88 | $2,169.25 – $12,477.01 | +1378.78% | 23.4% | WACC 6.4%, g₀=25.0%, gₗ=5.2% | high |
| DCF · FCFE | dcf | $1,708.28 | $1,099.04 – $3,052.70 | +424.77% | 19.1% | kₑ 8.0%, g₀=25.0%, gₗ=5.2% | high |
| DDM · Gordon | ddm | $117.92 | $86.87 – $183.53 | -63.78% | — | D₁ 3.13, kₑ 8.0%, gₗ 5.2% | med |
| DDM · H-model | ddm | $228.60 | $156.02 – $381.95 | -29.78% | — | D₀ 3.13, g₀=25.0%, gₗ=5.2%, H 5y | med |
| DDM · multi-stage | ddm | $181.08 | $153.91 – $208.24 | -44.38% | 4.3% | 5y schedule 25.0% → 5.2%, kₑ 8.0% | high |
| Residual income | income | $174.28 | $153.37 – $195.20 | -46.46% | 12.8% | BV 175.53, ROE 7.7% → kₑ | high |
| EVA / MVA | income | $2,220.91 | $1,954.40 – $2,487.41 | +582.24% | 8.5% | IC 28.9B, WACC 6.4% | high |
| P/E · sector | multiple | $397.60 | $349.89 – $445.31 | +22.14% | 10.6% | EPS 14.20 × peer P/E 28.0 | med |
| P/S · sector | multiple | $418.63 | $355.83 – $481.42 | +28.60% | — | Rev/sh 69.77 × peer P/S 6.00 | med |
| EV / EBITDA | multiple | $473.78 | $416.93 – $530.64 | +45.54% | 10.6% | EBITDA × peer 20.0× − ND 9.0B | high |
| EV / EBIT | multiple | $394.18 | $335.05 – $453.30 | +21.09% | — | EBIT × peer 24.0× − ND | med |
| EV / Sales | multiple | $276.34 | $234.89 – $317.79 | -15.11% | 5.3% | Sales × peer 5.10× − ND | med |
| PEG-anchored | multiple | $568.00 | $482.80 – $653.20 | +74.48% | — | PEG=1, fwd EPS g 54.3% | med |
| Earnings power | intrinsic | $167.36 | $147.28 – $187.44 | -48.59% | 1.1% | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $679.43 | $577.52 – $781.35 | +108.72% | 1.1% | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $355.00 | $301.75 – $408.25 | +9.05% | 1.1% | PE = g (25.0) | low |
| Book NAV | asset | $175.53 | $166.76 – $184.31 | -46.08% | 2.1% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $84.74 | $72.03 – $97.45 | -73.97% | — | 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 (0.80)β | × 0.80 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 8.04% |
| Pre-tax cost of debtkd | 3.49% |
| Effective tax ratet | 20.4% |
| After-tax cost of debt | 2.78% |
| Equity weight$19.9B | 68.1% |
| Debt weight$9.3B | 31.9% |
| WACC | 6.37% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | 8.00% |
| Analyst forward EPS growthFMP | 54.30% |
| Historical 5y revenue CAGRFY | 13.08% |
| Historical 5y EPS CAGRFY | 8.36% |
| Sustainable g (ROE × retention)Δ | 5.94% |
| Blended near-term growth (g₀) | 25.00% |
| Terminal growth (gₗ) | 5.24% |
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— Technology (live sector PE unavailable)
- FMP /price-target-consensus— mean $457.64
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.