8-K Announcements
6Mar 9, 2026·SEC
Feb 23, 2026·SEC
Dec 16, 2025·SEC
Cannae Holdings, Inc. (CNNE) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Cannae Holdings, Inc. (CNNE) stock price & volume — 10-year historical chart
Cannae Holdings, Inc. (CNNE) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Cannae Holdings, Inc. (CNNE) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 23, 2026 | $1.93vs $0.38-407.9% | $103Mvs $103M+0.6% |
| Q4 2025 | Nov 10, 2025 | $1.06vs $0.31-241.9% | $107Mvs $103M+4.1% |
| Q3 2025 | Aug 11, 2025 | $3.75vs $0.31-1109.7% | $110Mvs $108M+2.5% |
| Q2 2025 | May 12, 2025 | $0.59vs $0.56-5.4% | $103Mvs $105M-2.0% |
Cannae Holdings, Inc. (CNNE) competitors in Quick-Service Restaurant Franchisors — business model, growth, and fundamentals comparison
Cannae Holdings, Inc. (CNNE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Cannae Holdings, Inc. (CNNE) 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 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.17B | 1.21B | 1.07B | 585.7M | 742.2M | 662.1M | 570M | 452.5M | 423.6M |
| Revenue Growth % | -0.76% | 3.07% | -11.23% | -45.26% | 26.72% | -10.79% | -13.91% | -20.61% | -6.39% |
| Cost of Goods Sold | 1.09B | 1.16B | 1B | 619.1M | 697.5M | 630.9M | 527M | 449.6M | 369.9M |
| COGS % of Revenue | 93.56% | 96.37% | 93.75% | 105.7% | 93.98% | 95.29% | 92.46% | 99.36% | 87.32% |
| Gross Profit | 75.3M▲ 0% | 43.8M▼ 41.8% | 66.9M▲ 52.7% | -33.4M▼ 149.9% | 44.7M▲ 233.8% | 31.2M▼ 30.2% | 43M▲ 37.8% | 2.9M▼ 93.3% | 53.7M▲ 1751.7% |
| Gross Margin % | 6.44% | 3.63% | 6.25% | -5.7% | 6.02% | 4.71% | 7.54% | 0.64% | 12.68% |
| Gross Profit Growth % | -40.24% | -41.83% | 52.74% | -149.93% | 233.83% | -30.2% | 37.82% | -93.26% | 1751.72% |
| Operating Expenses | 153.7M | 166.9M | 174.1M | 155.1M | 178.2M | 175.8M | 161.9M | 106.6M | 173.3M |
| OpEx % of Revenue | 13.14% | 13.85% | 16.27% | 26.48% | 24.01% | 26.55% | 28.4% | 23.56% | 40.91% |
| Selling, General & Admin | 103.2M | 215.1M | 109.7M | 0 | 231.1M | 212.5M | 17.5M | 0 | 0 |
| SG&A % of Revenue | 8.82% | 17.84% | 10.25% | - | 31.14% | 32.09% | 3.07% | - | - |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 4.9M | 166.8M | 64.4M | 155.1M | -52.9M | -36.7M | 144.4M | 106.6M | 173.3M |
| Operating Income | -78.4M▲ 0% | -149.8M▼ 91.1% | -107.2M▲ 28.4% | -188.5M▼ 75.8% | -133.5M▲ 29.2% | -144.6M▼ 8.3% | -118.9M▲ 17.8% | -103.7M▲ 12.8% | -119.6M▼ 15.3% |
| Operating Margin % | -6.7% | -12.43% | -10.02% | -32.18% | -17.99% | -21.84% | -20.86% | -22.92% | -28.23% |
| Operating Income Growth % | -3463.64% | -91.07% | 28.44% | -75.84% | 29.18% | -8.31% | 17.77% | 12.78% | -15.33% |
| EBITDA | -29.1M | -103.5M | -27.7M | -132.7M | -84.3M | -100M | -80.6M | -75.9M | -100.3M |
| EBITDA Margin % | -2.49% | -8.59% | -2.59% | -22.66% | -11.36% | -15.1% | -14.14% | -16.77% | -23.68% |
| EBITDA Growth % | -168.47% | -255.67% | 73.24% | -379.06% | 36.47% | -18.62% | 19.4% | 5.83% | -32.15% |
| D&A (Non-Cash Add-back) | 49.3M | 46.3M | 79.5M | 55.8M | 49.2M | 44.6M | 38.3M | 27.8M | 19.3M |
| EBIT | -67.3M | 27.3M | 255.7M | 2.19B | -423.2M | -323.3M | -189.2M | -252.3M | -303.4M |
| Net Interest Income | -1.7M | 1.6M | -2.2M | 8.2M | 11.3M | -9.8M | -4.3M | -7M | -2.3M |
| Interest Income | 5.3M | 6.3M | 15.6M | 17.2M | 21.1M | 2.5M | 13.6M | 4.6M | 8.1M |
| Interest Expense | 7M | 4.7M | 17.8M | 9M | 9.8M | 12.3M | 17.9M | 11.6M | 10.4M |
| Other Income/Expense | 3.2M | 152.3M | 139.3M | 2.43B | -226.9M | -374.9M | -282.2M | -206.8M | -294.4M |
| Pretax Income | -75.2M▲ 0% | 18.6M▲ 124.7% | 237.9M▲ 1179.0% | 2.24B▲ 842.0% | -360.4M▼ 116.1% | -519.5M▼ 44.1% | -401.1M▲ 22.8% | -310.5M▲ 22.6% | -414M▼ 33.3% |
| Pretax Margin % | -6.43% | 1.54% | 22.23% | 382.62% | -48.56% | -78.46% | -70.37% | -68.62% | -97.73% |
| Income Tax | -16.6M | 13.1M | 24.2M | 481.2M | -74M | -89.9M | -77M | -400K | 13M |
| Effective Tax Rate % | 22.07% | 70.43% | 10.17% | 21.47% | 20.53% | 17.31% | 19.2% | 0.13% | -3.14% |
| Net Income | 108.8M▲ 0% | 27.6M▼ 74.6% | 46.8M▲ 69.6% | 1.79B▲ 3716.7% | -287M▼ 116.1% | -428.1M▼ 49.2% | -313.4M▲ 26.8% | -304.6M▲ 2.8% | -420.2M▼ 38.0% |
| Net Margin % | 9.3% | 2.29% | 4.37% | 304.97% | -38.67% | -64.66% | -54.98% | -67.31% | -99.2% |
| Net Income Growth % | 977.42% | -74.63% | 69.57% | 3716.67% | -116.07% | -49.16% | 26.79% | 2.81% | -37.95% |
| Net Income (Continuing) | -58.6M | -8.5M | 98.6M | 1.76B | -286.4M | -429.6M | -324.1M | -310.1M | -427M |
| Discontinued Operations | 149.2M | -2.1M | -51.8M | 0 | 0 | 0 | 0 | 0 | -97.9M |
| Minority Interest | 93.7M | 75.1M | 41.3M | 5.6M | 5.8M | -3.9M | -15.3M | -21.2M | -32.9M |
| EPS (Diluted) | 1.54▲ 0% | 0.39▼ 74.7% | 2.95▲ 656.4% | 20.79▲ 604.7% | -3.19▼ 115.3% | -5.25▼ 64.6% | -4.27▲ 18.7% | -4.73▼ 10.8% | -9.08▼ 92.0% |
| EPS Growth % | 1005.88% | -74.68% | 656.41% | 604.75% | -115.34% | -64.58% | 18.67% | -10.77% | -91.97% |
| EPS (Basic) | 1.54 | 0.39 | 2.96 | 20.84 | -3.19 | -5.25 | -4.27 | -4.73 | -9.08 |
| Diluted Shares Outstanding | 70.6M | 71.3M | 72.4M | 85.9M | 90.1M | 81.6M | 73.4M | 64.4M | 56.5M |
| Basic Shares Outstanding | 70.6M | 71.2M | 72.2M | 85.7M | 90.1M | 81.6M | 73.4M | 64.4M | 56.5M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Cannae Holdings, Inc. (CNNE) 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 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 350.2M | 455.7M | 630.9M | 844.2M | 121.6M | 310.6M | 177.3M | 196.9M | 268.3M |
| Cash & Short-Term Investments | 263.3M | 323M | 533.7M | 759.9M | 85.8M | 282.6M | 121.8M | 137.7M | 182M |
| Cash Only | 245.6M | 323M | 533.7M | 724.7M | 85.8M | 247.7M | 106.2M | 131.5M | 182M |
| Short-Term Investments | 17.7M | 0 | 0 | 35.2M | 0 | 34.9M | 15.6M | 6.2M | 0 |
| Accounts Receivable | 35.8M | 30.4M | 16M | 17.6M | 0 | 1.9M | 26M | 35.7M | 60.6M |
| Days Sales Outstanding | 11.17 | 9.21 | 5.46 | 10.97 | - | 1.05 | 16.65 | 28.8 | 52.22 |
| Inventory | 29.7M | 22.3M | 16.3M | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 9.91 | 7.01 | 5.93 | - | - | - | - | - | - |
| Other Current Assets | 0 | 39.1M | 500K | 66.7M | 35.8M | 26.1M | 29.5M | 23.5M | 25.7M |
| Total Non-Current Assets | 1.14B | 1B | 1.46B | 3.77B | 3.77B | 2.81B | 2.51B | 2.03B | 1.05B |
| Property, Plant & Equipment | 218.8M | 176.4M | 355.5M | 348.1M | 272.6M | 243.5M | 202.2M | 197.8M | 165.9M |
| Fixed Asset Turnover | 5.35x | 6.83x | 3.01x | 1.68x | 2.72x | 2.72x | 2.82x | 2.29x | 2.55x |
| Goodwill | 202.7M | 164.9M | 66.1M | 53.4M | 53.4M | 53.4M | 53.4M | 53.4M | 53.4M |
| Intangible Assets | 214.5M | 175.8M | 63.1M | 51.8M | 26.9M | 23.5M | 16.8M | 15.1M | 13.2M |
| Long-Term Investments | 424.9M | 397.2M | 836.5M | 3.32B | 3.31B | 2.34B | 2.01B | 1.51B | 792.2M |
| Other Non-Current Assets | 65.5M | 73.3M | 85.6M | 1.52B | 108.7M | 136.2M | 145.3M | 178.8M | 27.1M |
| Total Assets | 1.49B▲ 0% | 1.46B▼ 1.8% | 2.09B▲ 43.3% | 4.61B▲ 120.5% | 3.89B▼ 15.7% | 3.13B▼ 19.6% | 2.69B▼ 14.0% | 2.23B▼ 17.0% | 1.32B▼ 40.7% |
| Asset Turnover | 0.79x | 0.83x | 0.51x | 0.13x | 0.19x | 0.21x | 0.21x | 0.20x | 0.32x |
| Asset Growth % | 0.94% | -1.82% | 43.28% | 120.5% | -15.69% | -19.64% | -14.04% | -17.04% | -40.75% |
| Total Current Liabilities | 249.8M | 160.3M | 198.7M | 202M | 179.5M | 122.7M | 107.5M | 146.5M | 129.7M |
| Accounts Payable | 20.3M | 23M | 19.6M | 25.7M | 22.7M | 25.8M | 27M | 16.6M | 91.9M |
| Days Payables Outstanding | 6.77 | 7.23 | 7.13 | 15.15 | 11.88 | 14.93 | 18.7 | 13.48 | 90.68 |
| Short-Term Debt | 122.2M | 5.9M | 7M | 11.3M | 2.3M | 2.3M | 2.5M | 61M | 21.7M |
| Deferred Revenue (Current) | 26.1M | 31.5M | 26.4M | 23.9M | 23.1M | 18.6M | 16.9M | 16.2M | 16.1M |
| Other Current Liabilities | 0 | 108.3M | 0 | 47.4M | 0 | 0 | 0 | 0 | 0 |
| Current Ratio | 1.40x | 2.84x | 3.18x | 4.18x | 0.68x | 2.53x | 1.65x | 1.34x | 2.07x |
| Quick Ratio | 1.28x | 2.70x | 3.09x | 4.18x | 0.68x | 2.53x | 1.65x | 1.34x | 2.07x |
| Cash Conversion Cycle | 14.31 | 8.99 | 4.26 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 84.3M | 99.9M | 363.7M | 626.2M | 369M | 287.9M | 270M | 267.1M | 200.1M |
| Long-Term Debt | 12.7M | 42.2M | 120.1M | 52.2M | 14.1M | 95.1M | 102.5M | 120M | 187.3M |
| Capital Lease Obligations | 0 | 0 | 199.7M | 195.6M | 195.6M | 179.8M | 155.3M | 135M | 122.8M |
| Deferred Tax Liabilities | -9.1M | -200K | 0 | 325.3M | 143.8M | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 62.5M | 57.4M | 43.9M | 53.1M | 15.5M | 13M | 12.2M | 12.1M | -110M |
| Total Liabilities | 334.1M | 260.2M | 562.4M | 828.2M | 548.5M | 410.6M | 377.5M | 413.6M | 329.8M |
| Total Debt | 134.9M | 48.1M | 368.3M | 285.3M | 235.8M | 300M | 274.2M | 330.5M | 331.8M |
| Net Debt | -110.7M | -274.9M | -165.4M | -439.4M | 150M | 52.3M | 168M | 199M | 149.8M |
| Debt / Equity | 0.12x | 0.04x | 0.24x | 0.08x | 0.07x | 0.11x | 0.12x | 0.18x | 0.33x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -11.20x | -31.87x | -6.02x | -20.94x | -13.62x | -11.76x | -6.64x | -8.94x | -11.50x |
| Total Equity | 1.15B▲ 0% | 1.2B▲ 4.1% | 1.53B▲ 27.5% | 3.79B▲ 147.4% | 3.34B▼ 11.7% | 2.71B▼ 18.7% | 2.31B▼ 14.9% | 1.82B▼ 21.4% | 990.9M▼ 45.4% |
| Equity Growth % | 14.19% | 4.07% | 27.48% | 147.43% | -11.73% | -18.74% | -14.94% | -21.39% | -45.41% |
| Book Value per Share | 16.33 | 16.83 | 21.13 | 44.07 | 37.08 | 33.27 | 31.46 | 28.19 | 17.54 |
| Total Shareholders' Equity | 1.06B | 1.12B | 1.49B | 3.78B | 3.34B | 2.72B | 2.32B | 1.84B | 1.02B |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 200K | 46.1M | 143.6M | 1.93B | 1.64B | 1.21B | 901.3M | 567.1M | 23.3M |
| Treasury Stock | 0 | -200K | -5.9M | -21.1M | -188.6M | -414M | -533.9M | -724.7M | -1.05B |
| Accumulated OCI | -71M | -67.2M | -45.9M | -4.9M | -7.2M | -18.1M | -19.9M | -19.2M | 6.5M |
| Minority Interest | 93.7M | 75.1M | 41.3M | 5.6M | 5.8M | -3.9M | -15.3M | -21.2M | -32.9M |
Cannae Holdings, Inc. (CNNE) 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 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -90.7M | -22.9M | -84.2M | -113.9M | -176.1M | -205.1M | -87.8M | -90.1M | 0 |
| Operating CF Margin % | -7.76% | -1.9% | -7.87% | -19.45% | -23.73% | -30.98% | -15.4% | -19.91% | - |
| Operating CF Growth % | -250.41% | 74.75% | -267.69% | -35.27% | -54.61% | -16.47% | 57.19% | -2.62% | 100% |
| Net Income | 92.5M | -10.6M | 46.8M | 1.79B | -286.4M | -429.6M | -313.4M | -310.1M | -3.08B |
| Depreciation & Amortization | 58.1M | 61.3M | 93.3M | 55.8M | 49M | 44.6M | 38.3M | 27.8M | 407M |
| Stock-Based Compensation | 500K | 21.8M | 4.6M | 4.2M | 2.4M | 1.5M | 3.5M | 19M | 19M |
| Deferred Taxes | -269.5M | 72.7M | 214.3M | 0 | -48.9M | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -4.9M | -182.7M | -354.1M | -1.9B | 309.2M | 414.3M | 314.4M | 205.3M | 2.65B |
| Working Capital Changes | 32.6M | 14.6M | -89.1M | -59.7M | -201.4M | -235.9M | -130.6M | -32.1M | 0 |
| Change in Receivables | -1.2M | -7.3M | 18.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Inventory | -12.2M | 9.5M | -36.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 15M | 900K | 8.4M | 0 | -1.2M | -36.7M | -19.4M | -19.4M | 0 |
| Cash from Investing | 91.7M | 186.7M | -24.2M | -74.2M | -272.4M | 521.2M | 53.1M | 298.3M | 0 |
| Capital Expenditures | -40.1M | -15.9M | -28.3M | -22.3M | -13.7M | -14.3M | -10M | 0 | 0 |
| CapEx % of Revenue | 3.43% | 1.32% | 2.64% | 3.81% | 1.85% | 2.16% | 1.75% | 1.55% | - |
| Acquisitions | 102M | 61.5M | -504.9M | 8.6M | -954.8M | 266.7M | 7.3M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 2.5M | 5.4M | 25.4M | -60.5M | -13.2M | 18M | 52.7M | 472.6M | 0 |
| Cash from Financing | 98.2M | -86.4M | 319.1M | 379.1M | -190.4M | -154.2M | -106.8M | -182.9M | 0 |
| Debt Issued (Net) | 84.4M | 33.9M | 76.5M | 45.2M | -29.8M | 83.4M | 65.7M | 103.7M | 0 |
| Equity Issued (Net) | 0 | -200K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -22.4M | 0 |
| Share Repurchases | -46M | -200K | -5.7M | -15.2M | -160.4M | -229.5M | -113.4M | -235M | 0 |
| Other Financing | 13.8M | -120.1M | 248.3M | 349.1M | -200K | -8.1M | -59.1M | -29.2M | 0 |
| Net Change in Cash | 99.2M▲ 0% | 77.4M▼ 22.0% | 210.7M▲ 172.2% | 191M▼ 9.3% | -638.9M▼ 434.5% | 161.9M▲ 125.3% | -141.5M▼ 187.4% | 25.3M▲ 117.9% | 0▼ 100.0% |
| Free Cash Flow | -130.8M▲ 0% | -38.8M▲ 70.3% | -112.5M▼ 189.9% | -136.2M▼ 21.1% | -189.8M▼ 39.4% | -219.4M▼ 15.6% | -97.8M▲ 55.4% | -97.1M▲ 0.7% | 0▲ 100.0% |
| FCF Margin % | -11.18% | -3.22% | -10.51% | -23.25% | -25.57% | -33.14% | -17.16% | -21.46% | - |
| FCF Growth % | -2664.71% | 70.34% | -189.95% | -21.07% | -39.35% | -15.6% | 55.42% | 0.72% | 100% |
| FCF per Share | -1.85 | -0.54 | -1.55 | -1.59 | -2.11 | -2.69 | -1.33 | -1.51 | - |
| FCF Conversion (FCF/Net Income) | -0.83x | -0.83x | -1.80x | -0.06x | 0.61x | 0.48x | 0.28x | 0.30x | - |
| Interest Paid | 0 | 0 | 0 | 5.5M | 7M | 9.6M | 13.6M | 6.3M | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 128.9M | 100M | 4.6M | 900K | 0 |
Cannae Holdings, Inc. (CNNE) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -1.2% | 10.06% | 2.35% | 3.43% | 67.21% | -8.05% | -14.14% | -12.48% | -14.77% | -29.95% |
| Return on Invested Capital (ROIC) | -0.17% | -5.75% | -11.42% | -7.02% | -6% | -2.93% | -3.47% | -3.4% | -3.46% | -5.69% |
| Gross Margin | 10.69% | 6.44% | 3.63% | 6.25% | -5.7% | 6.02% | 4.71% | 7.54% | 0.64% | 12.68% |
| Net Margin | -1.05% | 9.3% | 2.29% | 4.37% | 304.97% | -38.67% | -64.66% | -54.98% | -67.31% | -99.2% |
| Debt / Equity | 0.13x | 0.12x | 0.04x | 0.24x | 0.08x | 0.07x | 0.11x | 0.12x | 0.18x | 0.33x |
| Interest Coverage | -0.42x | -11.20x | -31.87x | -6.02x | -20.94x | -13.62x | -11.76x | -6.64x | -8.94x | -11.50x |
| FCF Conversion | -4.86x | -0.83x | -0.83x | -1.80x | -0.06x | 0.61x | 0.48x | 0.28x | 0.30x | - |
| Revenue Growth | -16.7% | -0.76% | 3.07% | -11.23% | -45.26% | 26.72% | -10.79% | -13.91% | -20.61% | -6.39% |
Cannae Holdings, Inc. (CNNE) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 9, 2026·SEC
Feb 23, 2026·SEC
Dec 16, 2025·SEC
Cannae Holdings, Inc. (CNNE) stock FAQ — growth, dividends, profitability & financials explained
Cannae Holdings, Inc. (CNNE) reported $423.6M in revenue for fiscal year 2025. This represents a 70% decrease from $1.41B in 2015.
Cannae Holdings, Inc. (CNNE) saw revenue decline by 6.4% over the past year.
Cannae Holdings, Inc. (CNNE) reported a net loss of $513.2M for fiscal year 2025.
Cannae Holdings, Inc. (CNNE) has a return on equity (ROE) of -29.9%. Negative ROE indicates the company is unprofitable.
Cannae Holdings, Inc. (CNNE) had negative free cash flow of $35.0M in fiscal year 2025, likely due to heavy capital investments.
Cannae Holdings, Inc. (CNNE) 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