TKO TKO Group Holdings
too hard · 55
Owner-earnings value$207.20
Price$178.01
Margin of safety
+16.4%
Quality gate · 55/100
⚠ sub-hurdle returns (median roic 7% < 9%)
Median ROIC7.3%
Gross margin59.5%
Net debt / EBITDA2.1x
FCF conversion281%
Share count / yr-2.2%
Profitable years4/4
Moat & management
Owner-earnings inputs
| Owner earnings (TTM) | 660.07M |
| Owner-earnings yield | 2.0% |
| Free-cash-flow yield | 5.0% |
| Growth used (normalized) | 10.0% |
| Market-implied growth (reverse DCF) | 6.3% |
| Terminal growth | 3.0% |
| Discount rate (hurdle) | 9.0% |
Projected owner earnings
| Yr | Owner earnings | Growth | PV |
|---|---|---|---|
| 1 | 726.08M | 10.0% | 666.13M |
| 2 | 793.04M | 9.2% | 667.48M |
| 3 | 860.01M | 8.4% | 664.08M |
| 4 | 925.94M | 7.7% | 655.96M |
| 5 | 989.73M | 6.9% | 643.25M |
| 6 | 1.05B | 6.1% | 626.21M |
| 7 | 1.11B | 5.3% | 605.14M |
| 8 | 1.16B | 4.6% | 580.47M |
| 9 | 1.20B | 3.8% | 552.66M |
| 10 | 1.24B | 3.0% | 522.23M |
⚠ maintenance capex ≈ min(capex, D&A), capped at FCF · Price pays for ~6%/yr owner-earnings growth over 10y (reverse DCF); model credits 10%.