Data as of Sep 5, 2026
EPV per share
45.42 USD
Current price
49.05 USD
Margin of safety
-8.0 %
Amounts in USD; per-share values and price in USD.
EBIT margin by year
Bridge: operations to equity
Sensitivity: EPV per share
| Margin \ WACC | 5.32 % | 6.32 % | 7.32 % | 8.32 % | 9.32 % |
|---|---|---|---|---|---|
| 29.70 % | 60.37 | 49.83 | 42.16 | 36.33 | 31.76 |
| 30.70 % | 62.62 | 51.72 | 43.79 | 37.77 | 33.04 |
| 31.70 % | 64.86 | 53.61 | 45.42 | 39.21 | 34.32 |
| 32.70 % | 67.11 | 55.50 | 47.05 | 40.64 | 35.60 |
| 33.70 % | 69.35 | 57.39 | 48.69 | 42.08 | 36.89 |
The last financial year with EBIT is 2024, but there is revenue up to 2025: the normalized margin does not pick up the most recent years.
The normalized EBIT margin comes from only 4 financial year(s) (2021–2024); 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)
7.32 %
Provider beta (0.42) 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.
