Data as of Sep 5, 2026
EPV per share
183.97 USD
Current price
257.87 USD
Margin of safety
-40.2 %
Amounts in USD; per-share values and price in USD.
EBIT margin by year
Bridge: operations to equity
Sensitivity: EPV per share
| Margin \ WACC | 5.61 % | 6.61 % | 7.61 % | 8.61 % | 9.61 % |
|---|---|---|---|---|---|
| 5.60 % | 183.84 | 151.95 | 128.44 | 110.39 | 96.10 |
| 6.60 % | 221.51 | 183.92 | 156.21 | 134.93 | 118.09 |
| 7.60 % | 259.18 | 215.89 | 183.97 | 159.47 | 140.07 |
| 8.60 % | 296.85 | 247.86 | 211.74 | 184.02 | 162.06 |
| 9.60 % | 334.52 | 279.82 | 239.51 | 208.56 | 184.05 |
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)
7.61 %
Provider beta (0.16) 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.
