STE Steris
too hard · 64
Owner-earnings value$200.30
Price$209.34
Margin of safety
-4.3%
Quality gate · 64/100
⚠ sub-hurdle returns (median roic 7% < 9%)
Median ROIC7.2%
Gross margin44.4%
Net debt / EBITDA1.0x
FCF conversion147%
Share count / yr-0.3%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 925.60M |
| Owner-earnings yield | 4.5% |
| Free-cash-flow yield | 4.5% |
| Growth used (normalized) | 9.4% |
| Market-implied growth (reverse DCF) | 10.5% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.3% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 1.01B | 9.4% | 925.84M |
| 2 | 1.10B | 8.7% | 920.07M |
| 3 | 1.19B | 8.0% | 908.38M |
| 4 | 1.27B | 7.3% | 890.95M |
| 5 | 1.36B | 6.5% | 868.08M |
| 6 | 1.44B | 5.8% | 840.18M |
| 7 | 1.51B | 5.1% | 807.72M |
| 8 | 1.58B | 4.4% | 771.28M |
| 9 | 1.64B | 3.7% | 731.49M |
| 10 | 1.68B | 3.0% | 689.02M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~10%/yr owner-earnings growth over 10y (reverse DCF); model credits 9%.