How Each Value Is Built
The screener's three formulas on the reported figures. Each card reads the same way: the value as a sum of numbered terms, each term's calculation opened under it, from the reported figures to the value. The list ranks companies by their plain average over the market cap.
EPV + Growth
1.57B USD
what the normal year's earnings are worth for ever, plus growth that pays
Profit
15.78B USD
15 years of cash the shareholders can take out, and the equity left at year 15
FCFF
644.02B USD
15 years of cash for shareholders and lenders, less what is owed
Intrinsic Value
220.46B USD
the plain average of the three, uncapped, as the screener averages them
Intrinsic Value
220.46B USD
from the sum above
Market Cap
11.51B USD
today's price times the shares
Intrinsic Value ÷ Market Cap
19.15×
the ratio the screener ranks by; Margin of Safety +94.8% (1 − Market Cap ÷ Intrinsic Value)
Each card below builds one of the three values from the reported years.
EPV of the Operations (NOPAT over WACC)
1.12B USD
Net cash today
+171.12M USD
Growth Value
+279.99M USD
Value
1.57B USD
①EPV (earnings power value)
1.12B USD②Net Cash Today
171.12M USD③Growth Value
279.99M USDMarket value
Today's price times the shares.
Value vs market
1 minus the market cap as a share of the value.
①Present Value of the 15 Years of FCFE
11.31B USD②Equity at Year 15, Today
4.47B USDMarket value
Today's price times the shares.
Value vs market
1 minus the market cap as a share of the value.
①Present Value of the 15 Years of FCFF
487.91B USD②Invested Capital at Year 15, Today
155.93B USD③Net Cash Today
171.12M USDMarket value
Today's price times the shares.
Value vs market
1 minus the market cap as a share of the value.
The Rates and the Capital the Values Read
The WACC and the cost of equity each value is discounted at, the book value and the net debt each starts from, and the seven quality metrics, from the same run.
The yearly return the shareholders require for the risk they carry; it is the rate that brings their future cash to today.
The tax the interest saves.
The interest the company paid: EBIT is the profit before tax plus the interest.
No interest is read: it needs debt and an EBIT above the profit before tax, the gap between them being the interest. Without it the cost of debt takes the 4% default.
Cost of Debt 4.00% (default): with no debt or no interest read, the 4% default after tax stands for what the lenders are paid a year.
The part of the capital the lenders put in, at market value.
Weighted average cost of capital: the yearly return the shareholders and the lenders together require, weighted by what each puts in; the rate that brings the firm's future cash to today.
Total Assets 420.34M USD − Total Liabilities 109.69M USD = Book Value Today 310.65M USD
Total Debt 1.54M USD − Cash and Short-Term Investments 172.66M USD = Net Debt Today -171.12M USD
The book value is what Profit starts from and what stands when a projection is not made; the book value plus the net debt is what FCFF starts from; the net debt comes off Greenwald's and FCFF's values before the shareholders.
Market Data
The provider's ratios and the analysts' consensus beside the argument; none of them enters a value.
Share price
157 USD
Enterprise value
16.10B USD
market cap plus net debt
EV / EBITDA
81.87×
Price / book
36.23×
the provider's book
Price / earnings
61.81×
Return on equity
75.0%
the provider's, not the engine's
Profit margin
101.4%
Revenue growth
18.2%
Analyst target, mean
203 USD
Analysts
15
opinions in the consensus
Financial Statements
The income statement, the balance sheet and the cash flow the screener holds, year by year, in USD.