Intrinsic value of CRH PLC - CRH

Previous Close

$33.30

  Intrinsic Value

$25.32

stock screener

  Rating & Target

sell

-24%

Previous close

$33.30

 
Intrinsic value

$25.32

 
Up/down potential

-24%

 
Rating

sell

We calculate the intrinsic value of CRH stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 27.0

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  2.00
  2.30
  2.57
  2.81
  3.03
  3.23
  3.41
  3.57
  3.71
  3.84
  3.95
  4.06
  4.15
  4.24
  4.31
  4.38
  4.44
  4.50
  4.55
  4.59
  4.64
  4.67
  4.70
  4.73
  4.76
  4.78
  4.81
  4.83
  4.84
  4.86
Revenue, $m
  31,409
  32,131
  32,957
  33,884
  34,911
  36,039
  37,266
  38,594
  40,026
  41,562
  43,205
  44,959
  46,826
  48,810
  50,915
  53,147
  55,509
  58,006
  60,645
  63,432
  66,372
  69,473
  72,741
  76,185
  79,812
  83,631
  87,650
  91,880
  96,329
  101,010
Variable operating expenses, $m
  28,783
  29,422
  30,153
  30,974
  31,884
  32,882
  33,969
  35,146
  36,413
  37,773
  38,259
  39,812
  41,465
  43,222
  45,087
  47,063
  49,154
  51,366
  53,703
  56,170
  58,774
  61,520
  64,414
  67,463
  70,675
  74,057
  77,616
  81,361
  85,302
  89,446
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  28,783
  29,422
  30,153
  30,974
  31,884
  32,882
  33,969
  35,146
  36,413
  37,773
  38,259
  39,812
  41,465
  43,222
  45,087
  47,063
  49,154
  51,366
  53,703
  56,170
  58,774
  61,520
  64,414
  67,463
  70,675
  74,057
  77,616
  81,361
  85,302
  89,446
Operating income, $m
  2,626
  2,709
  2,804
  2,910
  3,027
  3,156
  3,297
  3,449
  3,613
  3,789
  4,946
  5,147
  5,361
  5,588
  5,829
  6,084
  6,355
  6,640
  6,943
  7,262
  7,598
  7,953
  8,327
  8,721
  9,137
  9,574
  10,034
  10,518
  11,028
  11,563
EBITDA, $m
  4,630
  4,736
  4,858
  4,995
  5,146
  5,312
  5,493
  5,689
  5,900
  6,126
  6,369
  6,627
  6,902
  7,195
  7,505
  7,834
  8,182
  8,550
  8,939
  9,350
  9,783
  10,240
  10,722
  11,230
  11,764
  12,327
  12,920
  13,543
  14,199
  14,889
Interest expense (income), $m
  365
  578
  601
  629
  661
  696
  736
  779
  827
  878
  933
  992
  1,056
  1,123
  1,195
  1,272
  1,353
  1,439
  1,530
  1,626
  1,728
  1,835
  1,949
  2,068
  2,194
  2,327
  2,467
  2,614
  2,769
  2,932
  3,104
Earnings before tax, $m
  2,048
  2,108
  2,175
  2,249
  2,331
  2,420
  2,518
  2,622
  2,735
  2,856
  3,954
  4,091
  4,237
  4,392
  4,557
  4,731
  4,916
  5,111
  5,316
  5,534
  5,763
  6,004
  6,259
  6,527
  6,810
  7,107
  7,420
  7,749
  8,096
  8,460
Tax expense, $m
  553
  569
  587
  607
  629
  654
  680
  708
  738
  771
  1,068
  1,105
  1,144
  1,186
  1,230
  1,277
  1,327
  1,380
  1,435
  1,494
  1,556
  1,621
  1,690
  1,762
  1,839
  1,919
  2,003
  2,092
  2,186
  2,284
Net income, $m
  1,495
  1,539
  1,588
  1,642
  1,702
  1,767
  1,838
  1,914
  1,996
  2,085
  2,886
  2,987
  3,093
  3,207
  3,327
  3,454
  3,588
  3,731
  3,881
  4,040
  4,207
  4,383
  4,569
  4,765
  4,971
  5,188
  5,417
  5,657
  5,910
  6,176

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  41,219
  42,167
  43,251
  44,467
  45,815
  47,295
  48,905
  50,649
  52,527
  54,543
  56,700
  59,001
  61,451
  64,055
  66,818
  69,746
  72,846
  76,124
  79,587
  83,244
  87,103
  91,172
  95,461
  99,980
  104,740
  109,751
  115,026
  120,577
  126,416
  132,559
Adjusted assets (=assets-cash), $m
  41,219
  42,167
  43,251
  44,467
  45,815
  47,295
  48,905
  50,649
  52,527
  54,543
  56,700
  59,001
  61,451
  64,055
  66,818
  69,746
  72,846
  76,124
  79,587
  83,244
  87,103
  91,172
  95,461
  99,980
  104,740
  109,751
  115,026
  120,577
  126,416
  132,559
Revenue / Adjusted assets
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
  0.762
Average production assets, $m
  21,923
  22,428
  23,004
  23,651
  24,368
  25,155
  26,012
  26,939
  27,938
  29,010
  30,157
  31,381
  32,684
  34,069
  35,539
  37,096
  38,745
  40,488
  42,330
  44,275
  46,328
  48,492
  50,773
  53,177
  55,709
  58,374
  61,180
  64,132
  67,238
  70,505
Working capital, $m
  2,010
  2,056
  2,109
  2,169
  2,234
  2,306
  2,385
  2,470
  2,562
  2,660
  2,765
  2,877
  2,997
  3,124
  3,259
  3,401
  3,553
  3,712
  3,881
  4,060
  4,248
  4,446
  4,655
  4,876
  5,108
  5,352
  5,610
  5,880
  6,165
  6,465
Total debt, $m
  11,127
  11,642
  12,232
  12,894
  13,627
  14,432
  15,308
  16,256
  17,278
  18,375
  19,548
  20,800
  22,133
  23,549
  25,053
  26,645
  28,332
  30,115
  31,999
  33,988
  36,087
  38,301
  40,634
  43,093
  45,682
  48,408
  51,278
  54,297
  57,474
  60,815
Total liabilities, $m
  22,423
  22,939
  23,528
  24,190
  24,924
  25,728
  26,605
  27,553
  28,575
  29,671
  30,845
  32,096
  33,429
  34,846
  36,349
  37,942
  39,628
  41,411
  43,295
  45,285
  47,384
  49,597
  51,931
  54,389
  56,979
  59,705
  62,574
  65,594
  68,771
  72,112
Total equity, $m
  18,796
  19,228
  19,722
  20,277
  20,892
  21,566
  22,301
  23,096
  23,952
  24,872
  25,855
  26,904
  28,022
  29,209
  30,469
  31,804
  33,218
  34,712
  36,292
  37,959
  39,719
  41,574
  43,530
  45,591
  47,761
  50,047
  52,452
  54,983
  57,646
  60,447
Total liabilities and equity, $m
  41,219
  42,167
  43,250
  44,467
  45,816
  47,294
  48,906
  50,649
  52,527
  54,543
  56,700
  59,000
  61,451
  64,055
  66,818
  69,746
  72,846
  76,123
  79,587
  83,244
  87,103
  91,171
  95,461
  99,980
  104,740
  109,752
  115,026
  120,577
  126,417
  132,559
Debt-to-equity ratio
  0.590
  0.610
  0.620
  0.640
  0.650
  0.670
  0.690
  0.700
  0.720
  0.740
  0.760
  0.770
  0.790
  0.810
  0.820
  0.840
  0.850
  0.870
  0.880
  0.900
  0.910
  0.920
  0.930
  0.950
  0.960
  0.970
  0.980
  0.990
  1.000
  1.010
Adjusted equity ratio
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456
  0.456

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  1,495
  1,539
  1,588
  1,642
  1,702
  1,767
  1,838
  1,914
  1,996
  2,085
  2,886
  2,987
  3,093
  3,207
  3,327
  3,454
  3,588
  3,731
  3,881
  4,040
  4,207
  4,383
  4,569
  4,765
  4,971
  5,188
  5,417
  5,657
  5,910
  6,176
Depreciation, amort., depletion, $m
  2,003
  2,027
  2,054
  2,085
  2,119
  2,156
  2,196
  2,240
  2,287
  2,338
  1,423
  1,480
  1,542
  1,607
  1,676
  1,750
  1,828
  1,910
  1,997
  2,088
  2,185
  2,287
  2,395
  2,508
  2,628
  2,753
  2,886
  3,025
  3,172
  3,326
Funds from operations, $m
  3,499
  3,566
  3,642
  3,727
  3,820
  3,923
  4,034
  4,154
  4,284
  4,422
  4,309
  4,467
  4,635
  4,814
  5,003
  5,204
  5,416
  5,641
  5,878
  6,128
  6,392
  6,671
  6,964
  7,273
  7,599
  7,942
  8,302
  8,682
  9,081
  9,501
Change in working capital, $m
  39
  46
  53
  59
  66
  72
  79
  85
  92
  98
  105
  112
  119
  127
  135
  143
  151
  160
  169
  178
  188
  198
  209
  220
  232
  244
  257
  271
  285
  300
Cash from operations, $m
  3,459
  3,520
  3,589
  3,667
  3,755
  3,851
  3,955
  4,069
  4,192
  4,324
  4,204
  4,355
  4,515
  4,687
  4,868
  5,061
  5,265
  5,481
  5,709
  5,950
  6,204
  6,472
  6,755
  7,053
  7,367
  7,697
  8,045
  8,411
  8,797
  9,202
Maintenance CAPEX, $m
  -1,014
  -1,034
  -1,058
  -1,085
  -1,116
  -1,149
  -1,187
  -1,227
  -1,271
  -1,318
  -1,368
  -1,423
  -1,480
  -1,542
  -1,607
  -1,676
  -1,750
  -1,828
  -1,910
  -1,997
  -2,088
  -2,185
  -2,287
  -2,395
  -2,508
  -2,628
  -2,753
  -2,886
  -3,025
  -3,172
New CAPEX, $m
  -417
  -504
  -576
  -647
  -717
  -787
  -857
  -927
  -999
  -1,072
  -1,147
  -1,224
  -1,303
  -1,385
  -1,470
  -1,557
  -1,649
  -1,743
  -1,842
  -1,945
  -2,052
  -2,164
  -2,281
  -2,404
  -2,532
  -2,665
  -2,806
  -2,952
  -3,106
  -3,267
Cash from investing activities, $m
  -1,431
  -1,538
  -1,634
  -1,732
  -1,833
  -1,936
  -2,044
  -2,154
  -2,270
  -2,390
  -2,515
  -2,647
  -2,783
  -2,927
  -3,077
  -3,233
  -3,399
  -3,571
  -3,752
  -3,942
  -4,140
  -4,349
  -4,568
  -4,799
  -5,040
  -5,293
  -5,559
  -5,838
  -6,131
  -6,439
Free cash flow, $m
  2,027
  1,982
  1,955
  1,935
  1,922
  1,914
  1,912
  1,915
  1,922
  1,934
  1,688
  1,708
  1,732
  1,760
  1,792
  1,827
  1,866
  1,910
  1,957
  2,008
  2,063
  2,123
  2,186
  2,254
  2,327
  2,404
  2,486
  2,573
  2,666
  2,763
Issuance/(repayment) of debt, $m
  419
  516
  590
  662
  733
  805
  876
  948
  1,022
  1,097
  1,173
  1,252
  1,333
  1,417
  1,503
  1,593
  1,686
  1,783
  1,884
  1,989
  2,099
  2,214
  2,333
  2,458
  2,589
  2,726
  2,870
  3,020
  3,177
  3,341
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  419
  516
  590
  662
  733
  805
  876
  948
  1,022
  1,097
  1,173
  1,252
  1,333
  1,417
  1,503
  1,593
  1,686
  1,783
  1,884
  1,989
  2,099
  2,214
  2,333
  2,458
  2,589
  2,726
  2,870
  3,020
  3,177
  3,341
Total cash flow (excl. dividends), $m
  2,446
  2,497
  2,544
  2,597
  2,655
  2,719
  2,788
  2,863
  2,944
  3,031
  2,861
  2,960
  3,065
  3,176
  3,295
  3,420
  3,553
  3,693
  3,841
  3,997
  4,162
  4,336
  4,520
  4,713
  4,916
  5,130
  5,356
  5,593
  5,842
  6,105
Retained Cash Flow (-), $m
  -372
  -432
  -494
  -555
  -615
  -674
  -734
  -795
  -857
  -919
  -983
  -1,049
  -1,117
  -1,187
  -1,260
  -1,335
  -1,413
  -1,495
  -1,579
  -1,668
  -1,760
  -1,856
  -1,956
  -2,061
  -2,170
  -2,285
  -2,405
  -2,531
  -2,663
  -2,801
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  2,074
  2,065
  2,050
  2,042
  2,041
  2,045
  2,054
  2,068
  2,088
  2,111
  1,878
  1,911
  1,948
  1,989
  2,035
  2,085
  2,139
  2,198
  2,262
  2,330
  2,403
  2,481
  2,564
  2,652
  2,746
  2,845
  2,950
  3,062
  3,179
  3,304
Discount rate, %
  4.90
  5.15
  5.40
  5.67
  5.96
  6.25
  6.57
  6.89
  7.24
  7.60
  7.98
  8.38
  8.80
  9.24
  9.70
  10.19
  10.70
  11.23
  11.79
  12.38
  13.00
  13.65
  14.33
  15.05
  15.80
  16.59
  17.42
  18.29
  19.21
  20.17
PV of cash for distribution, $m
  1,977
  1,868
  1,751
  1,638
  1,528
  1,421
  1,316
  1,213
  1,113
  1,015
  807
  727
  651
  577
  507
  442
  380
  324
  272
  226
  184
  149
  118
  92
  70
  53
  39
  28
  19
  13
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

CRH public limited company (CRH plc) is a building materials company. The Company's segments include Europe Heavyside, Europe Lightside, Europe Distribution, Americas Materials, Americas Products, Americas Distribution and Asia. Europe Heavyside segment is engaged in the manufacturing and supply of aggregates, asphalt, cement, readymixed and precast concrete and landscaping products. Europe Lightside segment manufactures and supplies products and solutions for customers in global construction markets. Through its Europe Distribution segment, the Company distributes building materials to professional builders, specialist heating and plumbing contractors, and Do-It-Yourself (DIY) customers. Americas Materials segment is a vertically integrated supplier of aggregates, asphalt, cement, readymixed concrete and paving and construction services. Through Americas Distribution segment, the Company is a distributor of roofing, siding, drywall, ceiling systems and related accessories.

FINANCIAL RATIOS  of  CRH PLC (CRH)

Valuation Ratios
P/E Ratio 21.1
Price to Sales 1
Price to Book 1.9
Price to Tangible Book
Price to Cash Flow 11.2
Price to Free Cash Flow 17.7
Growth Rates
Sales Growth Rate 14.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -3.3%
Cap. Spend. - 3 Yr. Gr. Rate 11.4%
Financial Strength
Quick Ratio 9
Current Ratio 0
LT Debt to Equity 54.1%
Total Debt to Equity 56.1%
Interest Coverage 6
Management Effectiveness
Return On Assets 4.7%
Ret/ On Assets - 3 Yr. Avg. 4%
Return On Total Capital 5.7%
Ret/ On T. Cap. - 3 Yr. Avg. 4.4%
Return On Equity 9.2%
Return On Equity - 3 Yr. Avg. 7.1%
Asset Turnover 0.9
Profitability Ratios
Gross Margin 32.6%
Gross Margin - 3 Yr. Avg. 30.8%
EBITDA Margin 11.7%
EBITDA Margin - 3 Yr. Avg. 10%
Operating Margin 7.5%
Oper. Margin - 3 Yr. Avg. 5.9%
Pre-Tax Margin 6.4%
Pre-Tax Margin - 3 Yr. Avg. 4.9%
Net Profit Margin 4.6%
Net Profit Margin - 3 Yr. Avg. 3.6%
Effective Tax Rate 27.1%
Eff/ Tax Rate - 3 Yr. Avg. 26.6%
Payout Ratio 28.4%

CRH stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CRH stock intrinsic value calculation we used $30793 million for the last fiscal year's total revenue generated by CRH PLC. The default revenue input number comes from 0001 income statement of CRH PLC. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CRH stock valuation model: a) initial revenue growth rate of 2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.9%, whose default value for CRH is calculated based on our internal credit rating of CRH PLC, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of CRH PLC.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CRH stock the variable cost ratio is equal to 91.7%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CRH stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for CRH PLC.

Corporate tax rate of 27% is the nominal tax rate for CRH PLC. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CRH stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CRH are equal to 69.8%.

Life of production assets of 21.2 years is the average useful life of capital assets used in CRH PLC operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CRH is equal to 6.4%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $18424.137931 million for CRH PLC - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 811.195 million for CRH PLC is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of CRH PLC at the current share price and the inputted number of shares is $27.0 billion.

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