$40.33
-2.3%Miami International Holdings, Inc., through its subsidiaries, operates various markets across options, futures, and cash equities. Its markets include options through MIAX Options, MIAX Pearl, MIAX Emerald, and MIAX Sapphire; U.S. equities through MIAX Pearl Equities; U.S. futures and options on futures through MIAX Futures; and international listings through BSX and TISE. The company also trades hard red spring wheat futures and options on MIAX Futures; offers clearing services for U.S. futures and options through MIAX Futures Clearing; and owns Dorman Trading, a full-service futures commission merchant provides execution and clearing services for introducing brokers, retail customers, institutional clients, and professional traders. Miami International Holdings, Inc. was incorporated in 2007 and is headquartered in Princeton, New Jersey
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 | $335.7M | $671.3M | $1.3B | $2.7B | $5.4B | $10.7B | $21.5B | $43.0B | $85.9B | $171.9B |
| Maintenance CapEx | -$9.1M | -$18.2M | -$36.5M | -$72.9M | -$145.9M | -$291.7M | -$583.4M | -$1.2B | -$2.3B | -$4.7B |
| Owner Earnings | $326.6M | $653.1M | $1.3B | $2.6B | $5.2B | $10.4B | $20.9B | $41.8B | $83.6B | $167.2B |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $302.4M | $559.9M | $1.0B | $1.9B | $3.6B | $6.6B | $12.2B | $22.6B | $41.8B | $77.4B |
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