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
5.27B USD
what the normal year's earnings are worth for ever, plus growth that pays
Profit
12.84B USD
15 years of cash the shareholders can take out, and the equity left at year 15
FCFF
2.81B USD
15 years of cash for shareholders and lenders, less what is owed
Intrinsic Value
6.98B USD
the plain average of the three, uncapped, as the screener averages them
Intrinsic Value
6.98B USD
from the sum above
Market Cap
3.00B USD
today's price times the shares
Intrinsic Value ÷ Market Cap
2.32×
the ratio the screener ranks by; Margin of Safety +57.0% (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)
6.20B USD
Net debt today
-1.87B USD
Growth Value
+945.64M USD
Value
5.27B USD
①EPV (earnings power value)
6.20B USD②Net Debt Today
1.87B USD③Growth Value
945.64M 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
8.61B USD②Equity at Year 15, Today
4.23B 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
3.78B USD②Invested Capital at Year 15, Today
903.27M USD③Net Debt Today
1.87B 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 -7.01M USD on a pretax income of 490.49M 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.
What the lenders are paid a year after the tax the interest saves.
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 5.36B USD − Total Liabilities 5.08B USD = Book Value Today 284.28M USD
Total Debt 2.43B USD − Cash and Short-Term Investments 554.55M USD = Net Debt Today 1.87B 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
42 USD
Enterprise value
5.07B USD
market cap plus net debt
EV / EBITDA
5.39×
Price / book
35.29×
the provider's book
Price / earnings
6.34×
Return on equity
—
the provider's, not the engine's
Profit margin
5.7%
Revenue growth
10.8%
Analyst target, mean
57 USD
Analysts
9
opinions in the consensus
Financial Statements
The income statement, the balance sheet and the cash flow the screener holds, year by year, in USD.