MARSH & MCLENNAN COMPANIES, INC. (MMC)
Insurance Agents, Brokers & Service
Latest Price
$182.70
TTM P/E
--
Normalized P/E
--
Div Yield
--
Book Value
--
P/B Ratio
--
Valuation metrics
adjust assumptions →Norm. op. income: $4.3B (median of 7yr)
Tax rate: 25%
Discount rate: 10%
Growth assumption: zero (EPV is a no-growth value)
Earnings Power Value
$29.60
84% downside
Base FCF: $3.8B (median of recent 5yr)
Growth: 14%/yr (median YOY, capped at 25%)
Discount rate: 10%
Terminal growth: 3%
Projection horizon: 10 years
DCF Fair Value
$233.47
+28% upside
EPS: $8.43
Target P/E: 15×
Formula: EPS × P/E
P/E Fair Value
$126.45
31% downside