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6Apr 28, 2026·SEC
Apr 10, 2026·SEC
Apr 6, 2026·SEC
Expand Energy Corporation (EXEEL) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Expand Energy Corporation (EXEEL) stock price & volume — 10-year historical chart
Expand Energy Corporation (EXEEL) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Expand Energy Corporation (EXEEL) competitors in Natural Gas and Specialty Gas Producers — business model, growth, and fundamentals comparison
Expand Energy Corporation (EXEEL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Expand Energy Corporation (EXEEL) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 9.09B | 10.33B | 8.55B | 4.61B | 7.3B | 11.44B | 7.78B | 4.22B | 12.12B | 14.32B |
| Revenue Growth % | 3.86% | 13.68% | -17.24% | -46.02% | 58.24% | 56.73% | -32.05% | -45.71% | 187.23% | 167.98% |
| Cost of Goods Sold | 7.71B | 9.12B | 8.18B | 5.02B | 4.88B | 3.29B | 2.74B | 3.08B | 2.38B | 1.65B |
| COGS % of Revenue | 84.92% | 88.28% | 95.67% | 108.73% | 66.85% | 28.73% | 35.19% | 72.97% | 19.6% | - |
| Gross Profit | 1.37B▲ 0% | 1.21B▼ 11.7% | 370M▼ 69.4% | -403M▼ 208.9% | 2.42B▲ 700.5% | 8.16B▲ 237.0% | 5.04B▼ 38.2% | 1.14B▼ 77.4% | 9.75B▲ 754.3% | 12.68B▲ 0% |
| Gross Margin % | 15.08% | 11.72% | 4.33% | -8.73% | 33.15% | 71.28% | 64.81% | 27.03% | 80.4% | 88.54% |
| Gross Profit Growth % | 514.35% | -11.68% | -69.42% | -208.92% | 700.5% | 237.02% | -38.22% | -77.36% | 754.34% | - |
| Operating Expenses | 224M | 335M | 332M | 267M | 95M | 4.38B | 1.9B | 1.94B | 7.28B | 8.41B |
| OpEx % of Revenue | 2.47% | 3.24% | 3.88% | 5.79% | 1.3% | 38.24% | 24.4% | 46.06% | 60.02% | - |
| Selling, General & Admin | 262M | 335M | 315M | 267M | 118M | 4.36B | 2.63B | 1.5B | 3.34B | 2.87B |
| SG&A % of Revenue | 2.88% | 3.24% | 3.69% | 5.79% | 1.62% | 38.08% | 33.77% | 35.44% | 27.58% | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | -38M | 0 | 17M | 0 | -23M | 19M | -729M | 448M | 3.93B | 4M |
| Operating Income | 1.15B▲ 0% | 875M▼ 23.6% | 38M▼ 95.7% | -670M▼ 1863.2% | 2.33B▲ 447.0% | 3.78B▲ 62.6% | 3.14B▼ 16.9% | -803M▼ 125.6% | 2.47B▲ 407.7% | 4.27B▲ 0% |
| Operating Margin % | 12.61% | 8.47% | 0.44% | -14.52% | 31.85% | 33.03% | 40.41% | -19.02% | 20.38% | 29.82% |
| Operating Income Growth % | 6841.18% | -23.65% | -95.66% | -1863.16% | 447.01% | 62.58% | -16.88% | -125.56% | 407.72% | - |
| EBITDA | 2.14B | 2.71B | 2.36B | 845M | 3.32B | 5.53B | 4.67B | 926M | 5.45B | 7.25B |
| EBITDA Margin % | 23.57% | 26.22% | 27.6% | 18.31% | 45.47% | 48.35% | 60.05% | 21.94% | 44.96% | 50.63% |
| EBITDA Growth % | 96.42% | 26.48% | -12.89% | -64.18% | 292.9% | 66.66% | -15.62% | -80.17% | 488.66% | 672.92% |
| D&A (Non-Cash Add-back) | 995M | 1.83B | 2.32B | 1.51B | 995M | 1.75B | 1.53B | 1.73B | 2.98B | 2.98B |
| EBIT | 1.38B | 852M | 13M | -9.44B | 6.31B | 3.81B | 3.23B | -711M | 2.52B | 260M |
| Net Interest Income | -425M | -634M | -652M | -331M | -84M | -160M | -104M | -123M | -235M | 59M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 425M | 634M | 652M | 331M | 84M | 160M | 104M | 123M | 235M | -1M |
| Other Income/Expense | -191M | -657M | -677M | -9.1B | 3.9B | -129M | -25M | -38M | -189M | -180M |
| Pretax Income | 955M▲ 0% | 218M▼ 77.2% | -639M▼ 393.1% | -9.77B▼ 1428.8% | 6.22B▲ 163.7% | 3.65B▼ 41.3% | 3.12B▼ 14.6% | -841M▼ 127.0% | 2.28B▲ 371.3% | 4.09B▲ 0% |
| Pretax Margin % | 10.51% | 2.11% | -7.48% | -211.73% | 85.22% | 31.91% | 40.09% | -19.92% | 18.82% | 28.56% |
| Income Tax | 2M | -10M | -331M | -19M | -106M | -1.28B | 698M | -127M | 463M | 863M |
| Effective Tax Rate % | 0.21% | -4.59% | 51.8% | 0.19% | -1.7% | -35.2% | 22.39% | 15.1% | 20.29% | 21.1% |
| Net Income | 939M▲ 0% | 225M▼ 76.0% | -308M▼ 236.9% | -9.73B▼ 3060.4% | 6.33B▲ 165.0% | 4.94B▼ 22.0% | 2.42B▼ 51.0% | -714M▼ 129.5% | 1.82B▲ 354.8% | 3.23B▲ 0% |
| Net Margin % | 10.34% | 2.18% | -3.6% | -210.97% | 86.67% | 43.14% | 31.11% | -16.92% | 15% | 22.53% |
| Net Income Growth % | 121.39% | -76.04% | -236.89% | -3060.39% | 165.01% | -22% | -50.99% | -129.52% | 354.76% | 426.29% |
| Net Income (Continuing) | 953M | 228M | -308M | -9.75B | 6.33B | 4.94B | 2.42B | -714M | 1.82B | 3.23B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 124M | 41M | 37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 180.00▲ 0% | 49.50▼ 72.5% | -37.00▼ 174.7% | -996.01▼ 2591.9% | 53.66▲ 105.4% | 33.36▼ 37.8% | 16.92▼ 49.3% | -4.55▼ 126.9% | 7.57▲ 266.4% | 13403.44▲ 0% |
| EPS Growth % | 115.66% | -72.5% | -174.75% | -2591.92% | 105.39% | -37.83% | -49.28% | -126.89% | 266.37% | 342.75% |
| EPS (Basic) | 180.00 | 49.50 | -37.00 | -996.01 | 53.66 | 38.71 | 18.21 | -4.55 | 7.67 | - |
| Diluted Shares Outstanding | 4.53M | 4.54M | 8.32M | 9.77M | 117.92M | 145.96M | 142.98M | 156.99M | 240.37K | 240.76K |
| Basic Shares Outstanding | 4.53M | 4.54M | 8.32M | 9.77M | 117.92M | 125.78M | 132.84M | 156.99M | 237.29K | 239.9K |
| Dividend Payout Ratio | - | - | - | - | 1.88% | 24.55% | 20.13% | - | 42.06% | - |
Expand Energy Corporation (EXEEL) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.52B | 1.6B | 1.25B | 1.11B | 2.1B | 2.7B | 2.61B | 2B | 2.92B | 4.39B |
| Cash & Short-Term Investments | 32M | 213M | 140M | 298M | 919M | 226M | 1.79B | 479M | 616M | 2.22B |
| Cash Only | 5M | 4M | 6M | 279M | 914M | 192M | 1.15B | 395M | 616M | 2.22B |
| Short-Term Investments | 27M | 209M | 134M | 19M | 5M | 34M | 637M | 84M | 0 | 0 |
| Accounts Receivable | 1.32B | 1.25B | 990M | 746M | 1.11B | 1.44B | 593M | 1.23B | 1.6B | 1.29B |
| Days Sales Outstanding | 53.11 | 44.07 | 42.28 | 59.01 | 55.74 | 45.87 | 27.84 | 106.02 | 48.14 | 31.79 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 171M | 138M | 121M | 64M | 69M | 1.03B | 226M | 292M | 701M | 877M |
| Total Non-Current Assets | 10.9B | 11.14B | 14.94B | 5.48B | 8.91B | 13.03B | 12.26B | 25.9B | 25.37B | 25.13B |
| Property, Plant & Equipment | 10.66B | 10.8B | 14.77B | 5.26B | 8.84B | 11.19B | 10.1B | 24.28B | 509M | 528M |
| Fixed Asset Turnover | 0.85x | 0.96x | 0.58x | 0.88x | 0.83x | 1.02x | 0.77x | 0.17x | 23.82x | 2.21x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 0 | 76M | 0 | 0 | 0 | 47M | 312M | 308M | 0 | 654M |
| Other Non-Current Assets | 236M | -561M | 174M | 215M | 69M | 185M | 425M | 718M | 24.69B | 73.9B |
| Total Assets | 12.43B▲ 0% | 12.73B▲ 2.5% | 16.19B▲ 27.2% | 6.58B▼ 59.3% | 11.01B▲ 67.2% | 15.73B▲ 42.8% | 14.87B▼ 5.5% | 27.89B▲ 87.6% | 28.29B▲ 1.4% | 29.52B▲ 0% |
| Asset Turnover | 0.73x | 0.81x | 0.53x | 0.70x | 0.66x | 0.73x | 0.52x | 0.15x | 0.43x | 0.51x |
| Asset Growth % | -4.63% | 2.5% | 27.15% | -59.34% | 67.21% | 42.85% | -5.47% | 87.64% | 1.41% | 217.28% |
| Total Current Liabilities | 2.36B | 2.89B | 2.39B | 3.09B | 2.45B | 2.7B | 1.31B | 3.12B | 2.9B | 3.95B |
| Accounts Payable | 654M | 763M | 498M | 346M | 308M | 603M | 425M | 777M | 753M | 881M |
| Days Payables Outstanding | 30.94 | 30.54 | 22.23 | 25.17 | 23.03 | 66.96 | 56.7 | 92.08 | 115.68 | 178.12 |
| Short-Term Debt | 52M | 381M | 403M | 1.96B | 29M | 86M | 84M | 460M | 0 | 875M |
| Deferred Revenue (Current) | 612M | 746M | 571M | 305M | 617M | 734M | 360M | 1.02B | 0 | 286M |
| Other Current Liabilities | 781M | 687M | 614M | 340M | 1.32B | 1.13B | 297M | 602M | 2.15B | 3.08B |
| Current Ratio | 0.65x | 0.55x | 0.52x | 0.36x | 0.86x | 1.00x | 1.99x | 0.64x | 1.01x | 1.01x |
| Quick Ratio | 0.65x | 0.55x | 0.52x | 0.36x | 0.86x | 1.00x | 1.99x | 0.64x | 1.01x | 1.01x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - | -146.33 |
| Total Non-Current Liabilities | 10.44B | 7.71B | 9.4B | 8.83B | 2.89B | 3.9B | 2.82B | 7.21B | 6.81B | 6.03B |
| Long-Term Debt | 9.92B | 7.34B | 9.07B | 0 | 2.28B | 3.09B | 2.03B | 5.29B | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 25M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 53M | 0 | 0 | 0 | 258M | 490M | 0 | 0 | 0 |
| Other Non-Current Liabilities | 520M | 258M | 293M | 8.83B | 613M | 547M | 305M | 688M | 6.81B | 14.19B |
| Total Liabilities | 12.8B | 10.6B | 11.79B | 11.93B | 5.34B | 6.6B | 4.14B | 10.33B | 9.71B | 9.97B |
| Total Debt | 9.97B | 7.72B | 9.5B | 1.96B | 2.31B | 3.18B | 2.11B | 5.75B | 0 | 875M |
| Net Debt | 9.97B | 7.72B | 9.49B | 1.68B | 1.39B | 2.99B | 959M | 5.36B | -616M | -1.34B |
| Debt / Equity | - | 3.62x | 2.16x | - | 0.41x | 0.35x | 0.20x | 0.33x | - | 0.04x |
| Debt / EBITDA | 4.66x | 2.85x | 4.03x | 2.32x | 0.69x | 0.57x | 0.45x | 6.21x | - | 0.12x |
| Net Debt / EBITDA | 4.66x | 2.85x | 4.03x | 1.99x | 0.42x | 0.54x | 0.21x | 5.78x | -0.11x | -0.11x |
| Interest Coverage | 3.25x | 1.34x | 0.02x | -28.51x | 75.07x | 23.82x | 31.06x | -5.78x | 10.71x | -260.00x |
| Total Equity | -372M▲ 0% | 2.13B▲ 673.4% | 4.4B▲ 106.3% | -5.34B▼ 221.4% | 5.67B▲ 206.2% | 9.12B▲ 60.9% | 10.73B▲ 17.6% | 17.57B▲ 63.7% | 18.58B▲ 5.8% | 19.55B▲ 0% |
| Equity Growth % | 69.08% | 673.39% | 106.33% | -221.36% | 206.18% | 60.89% | 17.59% | 63.72% | 5.77% | 170.59% |
| Book Value per Share | -82.12 | 469.31 | 528.65 | -546.51 | 48.09 | 62.51 | 75.04 | 111.89 | 77289.18 | 81184.92 |
| Total Shareholders' Equity | -496M | 2.09B | 4.36B | -5.34B | 5.67B | 9.12B | 10.73B | 17.57B | 18.58B | 19.55B |
| Common Stock | 9M | 9M | 19M | 0 | 1M | 1M | 1M | 2M | 2M | 2M |
| Retained Earnings | -16.52B | -13.91B | -14.22B | -23.95B | 825M | 3.4B | 4.97B | 3.88B | 4.83B | 5.79B |
| Treasury Stock | -31M | -31M | -32M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -57M | -23M | 12M | 45M | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 124M | 41M | 37M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Expand Energy Corporation (EXEEL) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 745M | 1.73B | 1.62B | 1.16B | 1.79B | 4.13B | 2.38B | 1.56B | 4.58B | 4.58B |
| Operating CF Margin % | 8.2% | 16.75% | 18.99% | 25.23% | 24.49% | 36.05% | 30.61% | 37.08% | 37.74% | - |
| Operating CF Growth % | 465.2% | 132.21% | -6.19% | -28.28% | 53.61% | 130.7% | -42.3% | -34.24% | 192.33% | 991.23% |
| Net Income | 939M | 225M | -308M | -9.75B | 6.33B | 4.94B | 2.42B | -714M | 1.82B | 3.23B |
| Depreciation & Amortization | 995M | 1.83B | 2.32B | 1.1B | 995M | 1.75B | 1.53B | 1.73B | 2.98B | 2.98B |
| Stock-Based Compensation | 0 | 0 | 0 | 21M | 0 | 22M | 33M | 38M | 46M | 47M |
| Deferred Taxes | 11M | -10M | -305M | -10M | -106M | -1.33B | 428M | -123M | 448M | 804M |
| Other Non-Cash Items | -729M | -409M | 169M | 8.89B | -6.24B | -1.13B | -2.3B | 950M | -433M | -639M |
| Working Capital Changes | -471M | 91M | -254M | 915M | 814M | -123M | 275M | -315M | -285M | 251M |
| Change in Receivables | 0 | 0 | 0 | 303M | 0 | 0 | 0 | -168M | 0 | 0 |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -62M | 0 | 0 |
| Cash from Investing | -1.19B | 455M | -2.48B | -992M | -916M | -3.4B | 473M | -1.9B | -2.76B | -2.85B |
| Capital Expenditures | -2.49B | -2B | -2.26B | -31M | -735M | -1.82B | -1.83B | -1.56B | -2.74B | -2.95B |
| CapEx % of Revenue | 27.43% | 19.34% | 26.48% | 0.67% | 10.07% | 15.93% | 23.52% | 36.89% | 22.57% | - |
| Acquisitions | 1.3B | 2.38B | -217M | 0 | -181M | -1.97B | 0 | -438M | 0 | 4M |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -961M | 0 | 407M | 2.53B | 166M | -9M | 103M |
| Cash from Financing | -434M | -2.19B | 859M | 101M | -237M | -1.45B | -1.89B | -419M | -1.51B | -1.15B |
| Debt Issued (Net) | -226M | -2.06B | 986M | 245M | -719M | 812M | -1.05B | 747M | -663M | 436M |
| Equity Issued (Net) | 0 | 0 | 0 | 0 | 602M | -1.05B | -355M | 3M | -76M | 0 |
| Dividends Paid | -183M | -92M | -91M | -22M | -119M | -1.21B | -487M | -388M | -765M | -764M |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -1.07B | -355M | 0 | -100M | -166M |
| Other Financing | -25M | -33M | -36M | -122M | -1M | 0 | 0 | -781M | -11M | -822M |
| Net Change in Cash | 0▲ 0% | 0▲ 0% | 2M▲ 0% | 273M▲ 13550.0% | 635M▲ 132.6% | -722M▼ 213.7% | 961M▲ 233.1% | -758M▼ 178.9% | 301M▲ 139.7% | 1.88B▲ 0% |
| Free Cash Flow | -1.75B▲ 0% | -267M▲ 84.7% | -640M▼ 139.7% | 22M▲ 103.4% | 1.05B▲ 4686.4% | 2.3B▲ 118.6% | 551M▼ 76.1% | 8M▼ 98.5% | 1.84B▲ 22887.5% | 2.93B▲ 0% |
| FCF Margin % | -19.23% | -2.59% | -7.49% | 0.48% | 14.42% | 20.12% | 7.09% | 0.19% | 15.17% | 20.47% |
| FCF Growth % | 24.83% | 84.72% | -139.7% | 103.44% | 4686.36% | 118.61% | -76.06% | -98.55% | 22887.5% | 627.54% |
| FCF per Share | -385.65 | -58.75 | -76.88 | 2.25 | 8.93 | 15.77 | 3.85 | 0.05 | 7650.71 | 7650.71 |
| FCF Conversion (FCF/Net Income) | 0.79x | 7.69x | -5.27x | -0.12x | 0.28x | 0.84x | 0.98x | -2.19x | 2.52x | 0.91x |
| Interest Paid | 0 | 0 | 0 | 224M | 0 | 146M | 117M | 0 | 230M | -91M |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 193M | 132M | 0 | 66M | 0 |
Expand Energy Corporation (EXEEL) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | 25.55% | -9.43% | - | 3835.15% | 66.73% | 24.37% | -5.05% | 10.07% | 17.39% |
| Return on Invested Capital (ROIC) | 9.58% | 6.75% | 0.24% | -9.82% | 102.39% | 29.57% | 19.8% | -3.48% | 9.07% | 9.07% |
| Gross Margin | 15.08% | 11.72% | 4.33% | -8.73% | 33.15% | 71.28% | 64.81% | 27.03% | 80.4% | 88.54% |
| Net Margin | 10.34% | 2.18% | -3.6% | -210.97% | 86.67% | 43.14% | 31.11% | -16.92% | 15% | 22.53% |
| Debt / Equity | - | 3.62x | 2.16x | - | 0.41x | 0.35x | 0.20x | 0.33x | - | 0.04x |
| Interest Coverage | 3.25x | 1.34x | 0.02x | -28.51x | 75.07x | 23.82x | 31.06x | -5.78x | 10.71x | -260.00x |
| FCF Conversion | 0.79x | 7.69x | -5.27x | -0.12x | 0.28x | 0.84x | 0.98x | -2.19x | 2.52x | 0.91x |
| Revenue Growth | 3.86% | 13.68% | -17.24% | -46.02% | 58.24% | 56.73% | -32.05% | -45.71% | 187.23% | 167.98% |
Expand Energy Corporation (EXEEL) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 28, 2026·SEC
Apr 10, 2026·SEC
Apr 6, 2026·SEC
Expand Energy Corporation (EXEEL) stock FAQ — growth, dividends, profitability & financials explained
Expand Energy Corporation (EXEEL) reported $14.32B in revenue for fiscal year 2025. This represents a 185% increase from $5.03B in 2005.
Expand Energy Corporation (EXEEL) grew revenue by 187.2% over the past year. This is strong growth.
Yes, Expand Energy Corporation (EXEEL) is profitable, generating $3.23B in net income for fiscal year 2025 (15.0% net margin).
Yes, Expand Energy Corporation (EXEEL) pays a dividend with a yield of 2.50%. This makes it attractive for income-focused investors.
Expand Energy Corporation (EXEEL) has a return on equity (ROE) of 10.1%. This is reasonable for most industries.
Expand Energy Corporation (EXEEL) generated $2.93B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Expand Energy Corporation (EXEEL) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates