Results are highly cyclical for EDR, so multiple-based fair value is less reliable here.
| FY | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025E | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 34.81 | 25.88 | 31.34 | — | — | — | — | — |
| Low | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 17.90 | 17.67 | 22.93 | — | — | — | — | — |
| Adj EPS | 0.59 | -0.04 | -0.06 | -0.26 | -0.69 | 0.41 | -0.09 | -0.00 | 0.09 | 0.33 | 0.40 | 0.71 | -2.16 | -2.58 | 1.74 | 1.76 | -0.01 | 2.45E | 2.92E | 2.98E | 3.33E | 3.52E |
| Chg/Yr | — | -106% | — | — | — | — | -123% | — | — | +266% | +21% | +79% | -403% | — | — | +1% | -101% | — | +19% | +2% | +12% | +6% |
| Div | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.12 | 0.24 | — | — | — | — | — |
Fair value (15.0x) multiplies each year's earnings per share by a growth-based multiple: steady growers (5–15% a year) get 15x, faster growers get their growth rate as the multiple (capped at 30x), and slower growers step down below 15x. EDR has grown earnings about 14.0% a year, so the line uses 15.0x.
Earnings are adjusted figures on the same basis analysts forecast, built from reported quarters; years beyond the last completed fiscal year use the analyst consensus (dashed). The verdict calls a stock over- or undervalued only when the price sits more than 10% from the fair value line.