Estimated operating-earnings valuation: current PE is 39.7x versus 6.7x in comparable estimated history. The model caps earnings at operating profit after interest, assuming proportional tax and per-share effects. This is an estimate, not a verified investment-gain adjustment.

Reported EPS and PE remain in the valuation table. The same estimate is applied to historical earnings and eligible price scenarios. Its contribution to the score is limited by the available evidence; it does not identify all non-recurring items. Comparable history: 109 weeks.

Business trends are weak. Over the past year: revenue -12.2%, operating margin -19.5 percentage points. Free cash flow is 23.9% of revenue. The business score is 38.5/100. Growth, margins and cash generation drive the score. Missing or older data receives less weight.

The earnings calculation and the displayed scenario are different.

The earnings case uses $1.27 of EPS and a 32.8× PE, suggesting about $41.56 before the minimum is applied. Valuation history and outlook inform the PE.

The model applies a 15% minimum upside scenario, so the card shows +15%, or about $51.44. That adjusted price does not come from the EPS × PE calculation above.

This is a scenario based on our model, not a forecast or probability.

Weaker than expected earnings could put pressure on the share price.

Our downside case uses $0.94 of EPS and a 31.6× PE, suggesting a share price of about $29.76 — 35% below today’s price. Valuation history and outlook inform the PE.

This is a scenario based on our model, not a forecast or probability.