Data as of Sep 5, 2026
EPV per share
30.48 USD
Current price
25.54 USD
Margin of safety
+16.2 %
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 % |
|---|---|---|---|---|---|
| 85.20 % | 47.11 | 36.80 | 29.44 | 23.92 | 19.63 |
| 86.20 % | 47.83 | 37.41 | 29.96 | 24.38 | 20.03 |
| 87.20 % | 48.56 | 38.01 | 30.48 | 24.83 | 20.43 |
| 88.20 % | 49.29 | 38.62 | 31.00 | 25.28 | 20.84 |
| 89.20 % | 50.01 | 39.22 | 31.52 | 25.74 | 21.24 |
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 (6.8 %) 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)
6.76 %
Provider beta (0.69) 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.
