$39.35
+0.23%ABM Industries Incorporated provides integrated facility solutions in the United States and internationally. The company operates through Business & Industry, Technology & Manufacturing, Education, Aviation, and Technical Solutions segments. It provides janitorial, facilities engineering, parking, custodial, landscaping and ground, and mechanical and electrical services; and vehicle maintenance and other services to rental car providers. The company was incorporated in 1985 and is based in New York, New York.
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
Base year metrics used for projections
Forecast period and terminal assumptions
Calculation flow from present value to intrinsic value per share
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $217.3M | $201.5M | $186.8M | $173.1M | $160.5M | $148.8M | $138.0M | $127.9M | $118.6M | $109.9M |
| Maintenance CapEx | -$14.7M | -$13.6M | -$12.6M | -$11.7M | -$10.9M | -$10.1M | -$9.3M | -$8.7M | -$8.0M | -$7.4M |
| Owner Earnings | $202.6M | $187.8M | $174.1M | $161.4M | $149.7M | $138.7M | $128.6M | $119.2M | $110.6M | $102.5M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $187.6M | $161.0M | $138.2M | $118.7M | $101.9M | $87.4M | $75.1M | $64.4M | $55.3M | $47.5M |
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.