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Definitive Analysis

Financial Statements

Mode

Ticker

Industry

Sector

Page: Earnings Power Value

PS Business Parks, Inc.

Ticker: PSB | Industry: REIT - Diversified | Sector: Real Estate
$187.44 +0.04 (0.02%)
As of: 2022-07-19

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Valuation Snapshot

Intrinsic Range$148.66 — $198.92
Selected Value (Mid)$173.79
Live Price$187.44
Upside / Downside-7.28%

EPV Per Share Breakdown

MetricLowMidHigh
EPV Per Share$148.66$173.79$198.92

Normalized EBIT Margin

ScenarioMargin
Low104.64%
Mid123.10%
High141.57%

Normalized Tax Rate

MetricValue
Tax Rate15.00%

Adjusted Earnings (NOPAT)

ScenarioValue
Low395,828,850
Mid465,681,000
High535,533,150

Capital Structure

ComponentValue
Net Debt-173,460,000
Shares Outstanding27,722,000
WACC10.03%

Reverse EPV (Market Implied)

If "Implied" > "Actual", market expects profitability to improve.

MetricActual (LTM)Market Implied
EBIT Margin123.10%133.13%
NOPAT (Earnings)465,681,000503,612,536
Enterprise Value4,644,443,6145,022,751,680

Valuation Details

MetricLowMidHigh
Enterprise Value3,947,777,0724,644,443,6145,341,110,157
(-) Net Debt-173,460,000-173,460,000-173,460,000
(=) Equity Value4,121,237,0724,817,903,6145,514,570,157
(/) Shares Outstanding27,722,00027,722,00027,722,000
(=) Fair Value$148.66$173.79$198.92
Live Price$187.44$187.44$187.44
Upside %-20.69%-7.28%6.13%

High-Upside EPV Screener

US Market Global Market
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