Data as of Sep 5, 2026
EPV per share
91.24 USD
Current price
121.04 USD
Margin of safety
-32.7 %
Amounts in USD; per-share values and price in USD.
EBIT margin by year
Bridge: operations to equity
Sensitivity: EPV per share
| Margin \ WACC | 5.00 % | 6.00 % | 7.00 % | 8.00 % | 9.00 % |
|---|---|---|---|---|---|
| 1.91 % | 40.92 | 22.72 | 9.71 | -0.04 | -7.63 |
| 2.91 % | 97.99 | 70.28 | 50.48 | 35.63 | 24.08 |
| 3.91 % | 155.07 | 117.84 | 91.24 | 71.30 | 55.79 |
| 4.91 % | 212.14 | 165.40 | 132.01 | 106.97 | 87.49 |
| 5.91 % | 269.21 | 212.96 | 172.77 | 142.64 | 119.20 |
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.
Computed WACC (6.3 %) below the 7 % floor; the floor is applied when discounting the EPV (it avoids a disproportionate value).
Amounts in USD.
Capital structure and contribution to WACC
Required rate of return (WACC)
6.29 %
Provider beta (0.65) 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.
