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
843.42M USD
what the normal year's earnings are worth for ever, plus growth that pays
Profit
710.61M USD
15 years of cash the shareholders can take out, and the equity left at year 15
FCFF
593.34M USD
15 years of cash for shareholders and lenders, less what is owed
Intrinsic Value
715.79M USD
the plain average of the three, uncapped, as the screener averages them
Intrinsic Value
715.79M USD
from the sum above
Market Cap
547.78M USD
today's price times the shares
Intrinsic Value ÷ Market Cap
1.31×
the ratio the screener ranks by; Margin of Safety +23.5% (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)
599.79M USD
Net cash today
+113.46M USD
Growth Value
+130.17M USD
Value
843.42M USD
①EPV (earnings power value)
599.79M USD②Net Cash Today
113.46M USD③Growth Value
130.17M 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
498.83M USD②Equity at Year 15, Today
211.78M 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
314.83M USD②Invested Capital at Year 15, Today
165.04M USD③Net Cash Today
113.46M 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.
Tax Rate for WACC 25.00% (default): the statements print a tax provision of -5.54M USD on a pretax income of 64.73M USD, which gives no rate between 0 and the profit before tax, so the 25% default stands for 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 668.75M USD − Total Liabilities 125.53M USD = Book Value Today 543.22M USD
Total Debt 0 USD − Cash and Short-Term Investments 113.46M USD = Net Debt Today -113.46M 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
15 USD
Enterprise value
434.77M USD
market cap plus net debt
EV / EBITDA
3.65×
Price / book
1.01×
the provider's book
Price / earnings
6.62×
Return on equity
16.2%
the provider's, not the engine's
Profit margin
46.1%
Revenue growth
48.0%
Analyst target, mean
14 USD
Analysts
1
opinions in the consensus
Financial Statements
The income statement, the balance sheet and the cash flow the screener holds, year by year, in USD.