Calculate an estimated value of a share of the stock using multiples. Use the Forward P/E as the Benchmark PE in the model. Calculate the estimated value for each year that a Consensus Estimate of Earnings per Share appears in Mergent. For example, suppose the Forward P/E is 27 and there are Consensus Estimates of $2.06 in 2021E and $2.25 in 2022E.

N Download Printer Friendly My Mergent Tools + Broker Summary 14 7.81 3 7.6 Number of Analysts Number of Buy Recommendations Number of Hold Recommendations Number of Sell Recommendations 8 EPS Median 7.4- 2 7.2 0 7.0 202le 2022e Fiscal Year 9.46 Ratios and Statistics EPS Long-Term Growth Forward P/E PEG 27.56 2.91 Average Target Price $195.28 Price Target Raised in the Past 4 Wks - 10 of 10 Price Target Lowered in the Past 4 Wks - 0 Consensus Estimates (Summary / Detailed) 2018A 2019A 2020A Q12021E Q22021E Q32021E Q42021E 2021E 2023E 5.36 1.62 8.20 Earnings Per Share Revenue EBITDA 5.78 7,986.25 1,983.00 2022E 7.63 9,288.00 2,437.91 7,791.07 1,902.27 2,248.00 7.10 8,887.00 2,312.42 9,409.94 2,561.56 2,125.10 505.73 N Download Printer Friendly My Mergent Tools + Broker Summary 14 7.81 3 7.6 Number of Analysts Number of Buy Recommendations Number of Hold Recommendations Number of Sell Recommendations 8 EPS Median 7.4- 2 7.2 0 7.0 202le 2022e Fiscal Year 9.46 Ratios and Statistics EPS Long-Term Growth Forward P/E PEG 27.56 2.91 Average Target Price $195.28 Price Target Raised in the Past 4 Wks - 10 of 10 Price Target Lowered in the Past 4 Wks - 0 Consensus Estimates (Summary / Detailed) 2018A 2019A 2020A Q12021E Q22021E Q32021E Q42021E 2021E 2023E 5.36 1.62 8.20 Earnings Per Share Revenue EBITDA 5.78 7,986.25 1,983.00 2022E 7.63 9,288.00 2,437.91 7,791.07 1,902.27 2,248.00 7.10 8,887.00 2,312.42 9,409.94 2,561.56 2,125.10 505.73