Data as of Sep 5, 2026
EPV per share
452.71 USD
Current price
283.06 USD
Margin of safety
+37.5 %
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 % |
|---|---|---|---|---|---|
| 2.68 % | 345.13 | 272.61 | 220.80 | 181.95 | 151.73 |
| 3.68 % | 507.47 | 407.89 | 336.76 | 283.41 | 241.92 |
| 4.68 % | 669.80 | 543.16 | 452.71 | 384.87 | 332.10 |
| 5.68 % | 832.14 | 678.44 | 568.66 | 486.33 | 422.29 |
| 6.68 % | 994.47 | 813.72 | 684.62 | 587.79 | 512.48 |
Computed WACC (6.7 %) 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)
6.67 %
Provider beta (0.32) 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.
