ILMN Illumina, Inc.
too hard · 43
Owner-earnings value$69.58
Price$269.42
Margin of safety
-74.2%
Quality gate · 43/100
⚠ sub-hurdle returns (median roic -15% < 9%) · unprofitable in too many years
Median ROIC-15.3%
Gross margin66.2%
Net debt / EBITDA0.8x
Share count / yr-1.1%
Profitable years1/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 962.00M |
| Owner-earnings yield | 2.4% |
| Free-cash-flow yield | 2.4% |
| Growth used (normalized) | 0.0% |
| Market-implied growth (reverse DCF) | 25.0% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 11.4% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 962.00M | 0.0% | 863.86M |
| 2 | 965.21M | 0.3% | 778.33M |
| 3 | 971.64M | 0.7% | 703.59M |
| 4 | 981.36M | 1.0% | 638.13M |
| 5 | 994.44M | 1.3% | 580.68M |
| 6 | 1.01B | 1.7% | 530.13M |
| 7 | 1.03B | 2.0% | 485.57M |
| 8 | 1.06B | 2.3% | 446.21M |
| 9 | 1.08B | 2.7% | 411.38M |
| 10 | 1.12B | 3.0% | 380.50M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~25%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.