Data as of Sep 5, 2026
EPV per share
91.15 USD
Current price
108.71 USD
Margin of safety
-19.3 %
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 % |
|---|---|---|---|---|---|
| 11.50 % | 117.18 | 90.32 | 71.13 | 56.74 | 45.55 |
| 12.50 % | 131.20 | 102.00 | 81.14 | 65.50 | 53.33 |
| 13.50 % | 145.21 | 113.68 | 91.15 | 74.26 | 61.12 |
| 14.50 % | 159.22 | 125.35 | 101.16 | 83.02 | 68.90 |
| 15.50 % | 173.24 | 137.03 | 111.17 | 91.77 | 76.69 |
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 (6.9 %) 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)
6.90 %
Provider beta (0.52) 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.
