STZ Constellation Brands
too hard · 47
Owner-earnings value$163.01
Price$132.02
Margin of safety
+23.5%
Quality gate · 47/100
⚠ sub-hurdle returns (median roic 6% < 9%) · unprofitable in too many years
Median ROIC6.0%
Gross margin52.6%
Net debt / EBITDA3.4x
FCF conversion214%
Share count / yr-1.9%
Profitable years2/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 1.82B |
| Owner-earnings yield | 8.2% |
| Free-cash-flow yield | 8.2% |
| Growth used (normalized) | 0.0% |
| Market-implied growth (reverse DCF) | -4.9% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 1.82B | 0.0% | 1.67B |
| 2 | 1.83B | 0.3% | 1.54B |
| 3 | 1.84B | 0.7% | 1.42B |
| 4 | 1.86B | 1.0% | 1.32B |
| 5 | 1.89B | 1.3% | 1.23B |
| 6 | 1.92B | 1.7% | 1.14B |
| 7 | 1.96B | 2.0% | 1.07B |
| 8 | 2.00B | 2.3% | 1.00B |
| 9 | 2.05B | 2.7% | 946.04M |
| 10 | 2.12B | 3.0% | 893.97M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~-5%/yr owner-earnings growth over 10y (reverse DCF); model credits 0%.