- Massive intrinsic overvaluation, with fair value midpoint sitting 72% below internal valuation anchors.
- Current 46.8% margins are peak-cycle due to high interest rates on sweep cash.
- Market expectations ($75.41 current price) require 21.36% perpetual growth.
- Residual income model imposes a harsh floor on ROE, dampening equity value.
- The thesis rests on capturing primary financial relationships before legacy peers adapt.
Fair value
$27
Margin of safety
-175.3%
Confidence
82/100
Moat
6.5/10
Educational research only - not investment advice, an offer, or a trade instruction. Confirm current data and do your own due diligence before acting.