Data as of Sep 5, 2026
EPV per share
275.59 USD
Current price
363.92 USD
Margin of safety
-32.1 %
Amounts in USD; per-share values and price in USD.
EBIT margin by year
Bridge: operations to equity
Sensitivity: EPV per share
| Margin \ WACC | 5.53 % | 6.53 % | 7.53 % | 8.53 % | 9.53 % |
|---|---|---|---|---|---|
| 10.82 % | 322.92 | 267.15 | 226.20 | 194.86 | 170.09 |
| 11.82 % | 356.55 | 295.63 | 250.89 | 216.65 | 189.60 |
| 12.82 % | 390.18 | 324.10 | 275.59 | 238.45 | 209.11 |
| 13.82 % | 423.82 | 352.58 | 300.28 | 260.25 | 228.62 |
| 14.82 % | 457.45 | 381.06 | 324.98 | 282.05 | 248.13 |
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)
7.53 %
Provider beta (0.46) 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.
