Carlyle Group Inc. (CGABL)

Investment Advice

Latest Price

$15.95

TTM P/E

16.61

Normalized P/E

8.09

Div Yield

8.78%

Book Value

20.12

P/B Ratio

0.79

Valuation metrics

EPS: $2.18

Book value / share: $19.75

Formula: √(22.5 × EPS × BVPS)

Graham Number

$31.12

+95% upside

Norm. op. income: $1.3B (median of 7yr)

Tax rate: 20%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$34.92

+119% upside

Base FCF: $944M (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$50.55

+217% upside

EPS: $2.18

Target P/E: 8×

Formula: EPS × P/E

P/E Fair Value

$17.44

+9% upside