Data as of Sep 5, 2026
EPV per share
193.37 USD
Current price
280.78 USD
Margin of safety
-45.2 %
Amounts in USD; per-share values and price in USD.
EBIT margin by year
Bridge: operations to equity
Sensitivity: EPV per share
| Margin \ WACC | 5.40 % | 6.40 % | 7.40 % | 8.40 % | 9.40 % |
|---|---|---|---|---|---|
| 5.83 % | 197.48 | 165.44 | 142.06 | 124.25 | 110.23 |
| 6.83 % | 232.64 | 195.10 | 167.71 | 146.85 | 130.42 |
| 7.83 % | 267.79 | 224.76 | 193.37 | 169.45 | 150.61 |
| 8.83 % | 302.94 | 254.42 | 219.02 | 192.04 | 170.81 |
| 9.83 % | 338.09 | 284.08 | 244.67 | 214.64 | 191.00 |
The normalized EBIT margin comes from only 4 financial year(s) (2022–2025); below 7 the window may not cover a full cycle and, in a cyclical business, capture only the peak or only the trough.
Amounts in USD.
Capital structure and contribution to WACC
Required rate of return (WACC)
7.40 %
Provider beta (0.54) outside the sanity band [0.70, 1.50]; capped to 0.70 so that a noisy estimator does not govern the EPV.
Cost of debt approximated with the 'net interest and non-operating' residual (EBT−EBIT) of the last financial year; it is not an isolated interest line (it also includes FX and equity-method results), so it is an estimate.
