Current Market Price: ~$84.55 per share (Dec 2025) 1) Valuation Inputs & Model Overview (Your DCF/Excess-Returns) You’ve built a Discounted Cash Flow (Excess Returns) valuation using the following key inputs: Valuation Framework — Excess Returns Model Book Value (per share): $50.61 Stable ROE: 19.7% Cost of Equity (Discount Rate): 8.97% Perpetual Growth: 3.3% Excess Returns (ROE − Cost of Equity): (19.7% − 8.97%) × $50.61 = $5.42 per share Terminal Value of Excess Returns: $5.42 / (8.97% − 3.26%) = $94.84 Fair Value (Equity): Book Value + Terminal Excess Returns = $145.46 per share ➡️ Conclusion: Intrinsic value is ~$145.46 , which is ~41.9% above the current share price. This suggests the stock is significantly undervalued based on your model’s assumptions.Read more