Pool Corporation POOL | NASDAQ
$204.12
$8.53 | 4.36%
TREND SIGNAL:
|2026-08-17
|2026-08-17
Company Overview:
Market Cap:
$7.15B
Trailing PE:
—
FWD PE:
—
Payout Ratio (TTM):
92.7%
52-Week Range:
$152.70 - $290.02
10 Year POOL Performance Metrics:
Total Return (with DRIP):
149.7% (9.58% CAGR)
Total Return (no DRIP):
155.5% (9.83% CAGR)
Share Price:
121.3% (8.27% CAGR)
Yield on Cost (with DRIP):
6.36%
Total Invested:
$10,000
Total Value (with DRIP):
$24,972
Total Return $ (with DRIP):
$14,972
Dividend Increase:
319.4% (15.82% CAGR)
Dividend Yield (FWD):
2.55% ($5.20)
POOL 10-yr Total Return ($10K invested)
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
POOL Share Price
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
All
POOL Price CAGR:1Y: -28.01%2Y: -24.95%5Y: -16.90%10Y: 8.27%
POOL Dividend Charts
POOL Dividend CAGR:1Y: 4.00%2Y: 4.08%5Y: 10.20%10Y: 15.41%
POOL Dividend Payout Ratio CAGR:1Y: 104.65%2Y: 43.90%5Y: 31.94%10Y: 12.48%
POOL Dividend to FCF Ratio CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
Build Custom Charts
Unlock All Reports & Research Dividend Stocks like a BOSS!
Get 3 Months Free with Annual Plan
Get 3 Months Free with Annual Plan
PRO
$19/mo
$11.40/mo
7-day free trial
- Unlimited Portfolio Tracker
- Portfolio - Lots/Sales/Dividends
- Portfolio Auto-DRIP
- Buy/Sell Signals Dashboard
- Stock Fundamentals
- Compare Stocks Side-by-Side
- Revenue & EPS Estimates
- DCF Valuation Modeling
40% Lifetime Discount
Most Popular
PREMIUM
$32/mo
$19.20/mo
7-day free trial
- Everything in Pro
- YieldMax PNL Tracker
- YieldMax NAV Erosion Alerts
- YM ETFs Trend Signals
- 9/21 EMA Trend Signals
- Stocks Dashboard
40% Lifetime Discount
ULTRA
$64/mo
$38.40/mo
7-day free trial
- Everything in Premium
- 15min & 1hr Intraday Signals
- Group & weekly ETF estimates
- YouTuber Mode
- Trades summary + CSV export
- Priority data & support
40% Lifetime Discount
PRO
$171 ($14.25/mo)
$102.60/yr ($8.55/mo)
7-day free trial
- Unlimited Portfolio Tracker
- Portfolio - Lots/Sales/Dividends
- Portfolio Auto-DRIP
- Buy/Sell Signals Dashboard
- Stock Fundamentals
- Compare Stocks Side-by-Side
- Revenue & EPS Estimates
- DCF Valuation Modeling
Combined 55% Lifetime Discount
Most Popular
PREMIUM
$288 ($24/mo)
$172.80/yr ($14.40/mo)
7-day free trial
- Everything in Pro
- YieldMax PNL Tracker
- YieldMax NAV Erosion Alerts
- YM ETFs Trend Signals
- 9/21 EMA Trend Signals
- Stocks Dashboard
Combined 55% Lifetime Discount
ULTRA
$576 ($48/mo)
$345.60/yr ($28.80/mo)
7-day free trial
- Everything in Premium
- 15min & 1hr Intraday Signals
- Group & weekly ETF estimates
- YouTuber Mode
- Trades summary + CSV export
- Priority data & support
Combined 55% Lifetime Discount
POOL Financials: Earnings, Revenue, Cash Flow, Ebitda, Cash/Debt, Shares Float, etc:
POOL Revenue CAGR:1Y: 2.15%2Y: 1.49%5Y: 0.39%10Y: 7.09%
POOL EPS CAGR:1Y: -0.19%2Y: 1.69%5Y: -4.13%10Y: 10.05%
POOL Net Income CAGR:1Y: -3.18%2Y: -1.14%5Y: -6.25%10Y: 8.21%
POOL EBITDA CAGR:1Y: -10.96%2Y: -5.29%5Y: -6.03%10Y: 5.54%
POOL Free Cash Flow CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
POOL Free Cash Flow / Share CAGR:1Y: 0.00%2Y: 0.00%5Y: 0.00%10Y: 0.00%
POOL Operating Income CAGR:1Y: -1.83%2Y: -0.70%5Y: -4.59%10Y: 6.51%
POOL Gross Profit CAGR:1Y: 1.05%2Y: 1.00%5Y: -0.40%10Y: 7.16%
POOL Shares Outstanding CAGR:1Y: -3.01%2Y: -2.70%5Y: -2.29%10Y: -1.72%
POOL Share Buybacks CAGR:1Y: -17.16%2Y: 12.58%5Y: 35.94%10Y: 19.45%
POOL Stock-Based Comp CAGR:1Y: 0.00%2Y: 86.65%5Y: 36.32%10Y: 21.13%
POOL Expenses CAGR:1Y: 159.45%2Y: 42.97%5Y: 33.91%10Y: 11.44%
POOL Revenue CAGR:1Y: 2.15%2Y: 1.49%5Y: 0.39%10Y: 7.09%
Revenue, EPS, Net Income & Ebitda - Estimates VS Actual:
POOL Actual Revenue CAGR:1Y: 2.15%2Y: 1.49%5Y: 0.39%10Y: 7.09%
POOL Actual EPS CAGR:1Y: -0.19%2Y: 1.69%5Y: -4.13%10Y: 10.05%
POOL Actual Net Income CAGR:1Y: -3.18%2Y: -1.14%5Y: -6.25%10Y: 8.21%
POOL Actual EBITDA CAGR:1Y: -10.96%2Y: -5.29%5Y: -6.03%10Y: 5.54%
Ratios, Profit Margins & Return on Capital:
POOL Net Profit Margin CAGR:1Y: -5.23%2Y: -2.56%5Y: -6.61%10Y: 1.05%
POOL Gross Profit Margin CAGR:1Y: -1.10%2Y: -0.50%5Y: -0.79%10Y: 0.07%
POOL Price to Earnings CAGR:1Y: -25.56%2Y: -17.34%5Y: -10.09%10Y: -1.04%
POOL Price To Sales Ratio CAGR:1Y: -29.86%2Y: -19.73%5Y: -16.14%10Y: -0.07%
POOL Return on Capital Employed CAGR:1Y: -5.54%2Y: -3.12%5Y: -16.63%10Y: -6.50%
POOL Return on Invested Capital CAGR:1Y: -6.06%2Y: -3.11%5Y: -17.89%10Y: -5.63%
POOL Dividends Info:
Annual Dividend:
$5.2
Forward Yield:
2.55%
Ex-Dividend Date:
2026-08-13
Lifetime Dividends / Share:
$40.01
POOL Dividend History: Dates, Payments & Yield list
Below is a schedule of all POOL dividend payments, ex-dates, share price on the day of the payment as well as the annualized yield & forward yield
| Ex-Date | Payment Date | Amount | Yield | Forward Yield | Price on Ex-Date |
|---|---|---|---|---|---|
| 08/13/2026 | 08/17/2026 | $1.300 | 2.59% | 2.73% | $190.47 |
| 05/14/2026 | 05/18/2026 | $1.300 | 2.97% | 2.87% | $181.39 |
| 03/12/2026 | 03/16/2026 | $1.250 | 2.45% | 2.39% | $208.78 |
| 11/12/2025 | 11/14/2025 | $1.250 | 2% | 2.06% | $242.32 |
| 08/14/2025 | 08/18/2025 | $1.250 | 1.53% | 1.58% | $316.08 |
| 05/15/2025 | 05/19/2025 | $1.250 | 1.59% | 1.55% | $322.45 |
| 03/12/2025 | 03/14/2025 | $1.200 | 1.44% | 1.47% | $327.21 |
| 11/13/2024 | 11/15/2024 | $1.200 | 1.37% | 1.34% | $359.42 |
| 08/15/2024 | 08/19/2024 | $1.200 | 1.38% | 1.39% | $345.59 |
| 05/15/2024 | 05/17/2024 | $1.200 | 1.25% | 1.31% | $366.90 |
| 03/13/2024 | 03/15/2024 | $1.100 | 1.08% | 1.1% | $399.31 |
| 11/07/2023 | 11/09/2023 | $1.100 | 1.32% | 1.34% | $329.03 |
| 08/09/2023 | 08/11/2023 | $1.100 | 1.15% | 1.17% | $375.00 |
| 05/16/2023 | 05/18/2023 | $1.100 | 1.29% | 1.25% | $353.22 |
| 03/14/2023 | 03/16/2023 | $1.000 | 1.14% | 1.14% | $349.51 |
| 11/09/2022 | 11/23/2022 | $1.000 | 1.33% | 1.2% | $332.39 |
| 08/10/2022 | 08/25/2022 | $1.000 | 1.05% | 1.08% | $370.16 |
| 05/13/2022 | 05/27/2022 | $1.000 | 0.97% | 0.99% | $406.00 |
| 03/09/2022 | 03/24/2022 | $0.800 | 0.7% | 0.71% | $450.52 |
| 11/09/2021 | 11/24/2021 | $0.800 | 0.61% | 0.56% | $568.46 |
| 08/11/2021 | 08/26/2021 | $0.800 | 0.66% | 0.67% | $477.47 |
| 05/14/2021 | 05/28/2021 | $0.800 | 0.73% | 0.73% | $436.55 |
| 03/10/2021 | 03/25/2021 | $0.580 | 0.68% | 0.69% | $335.25 |
| 11/10/2020 | 11/25/2020 | $0.580 | 0.68% | 0.7% | $333.59 |
| 08/12/2020 | 08/27/2020 | $0.580 | 0.72% | 0.69% | $336.67 |
| 05/14/2020 | 05/29/2020 | $0.580 | 1.07% | 0.86% | $269.02 |
| 03/11/2020 | 03/26/2020 | $0.550 | 1.06% | 1.19% | $185.00 |
| 11/13/2019 | 11/27/2019 | $0.550 | 1.08% | 1.05% | $209.75 |
| 08/14/2019 | 08/29/2019 | $0.550 | 1.14% | 1.11% | $198.33 |
| 05/16/2019 | 05/31/2019 | $0.550 | 1.21% | 1.22% | $179.78 |
| 03/13/2019 | 03/28/2019 | $0.450 | 1.12% | 1.09% | $164.52 |
| 11/14/2018 | 11/29/2018 | $0.450 | 1.19% | 1.12% | $160.36 |
| 08/13/2018 | 08/28/2018 | $0.450 | 1.13% | 1.12% | $161.32 |
| 05/17/2018 | 06/01/2018 | $0.450 | 1.21% | 1.27% | $141.82 |
| 03/15/2018 | 03/29/2018 | $0.370 | 1.04% | 1.01% | $146.22 |
| 11/14/2017 | 11/28/2017 | $0.370 | 1.24% | 1.21% | $121.94 |
| 08/07/2017 | 08/23/2017 | $0.370 | 1.38% | 1.43% | $103.82 |
| 05/15/2017 | 05/31/2017 | $0.370 | 1.23% | 1.24% | $119.13 |
| 03/13/2017 | 03/29/2017 | $0.310 | 1.04% | 1.04% | $119.40 |
| 11/07/2016 | 11/23/2016 | $0.310 | 1.31% | 1.22% | $101.44 |
| 08/08/2016 | 08/24/2016 | $0.310 | 1.25% | 1.23% | $101.14 |
| 05/17/2016 | 06/02/2016 | $0.310 | 1.41% | 1.33% | $93.08 |
| 03/14/2016 | 03/30/2016 | $0.260 | 1.26% | 1.19% | $87.54 |
| 11/06/2015 | 11/24/2015 | $0.260 | 1.27% | 1.27% | $82.00 |
| 08/10/2015 | 08/26/2015 | $0.260 | 1.47% | 1.54% | $67.67 |
| 05/18/2015 | 06/03/2015 | $0.260 | 1.51% | 1.52% | $68.23 |
| 03/10/2015 | 03/26/2015 | $0.220 | 1.31% | 1.3% | $67.87 |
| 11/07/2014 | 11/26/2014 | $0.220 | 1.47% | 1.48% | $59.46 |
| 08/11/2014 | 08/27/2014 | $0.220 | 1.56% | 1.56% | $56.49 |
| 05/19/2014 | 06/04/2014 | $0.220 | 1.51% | 1.53% | $57.54 |
| 03/11/2014 | 03/27/2014 | $0.190 | 1.28% | 1.26% | $60.28 |
| 11/08/2013 | 11/27/2013 | $0.190 | 1.42% | 1.35% | $56.46 |
| 08/12/2013 | 08/28/2013 | $0.190 | 1.42% | 1.45% | $52.45 |
| 05/13/2013 | 05/30/2013 | $0.190 | 1.47% | 1.46% | $52.06 |
| 03/11/2013 | 03/27/2013 | $0.160 | 1.35% | 1.35% | $47.50 |
| 11/09/2012 | 11/28/2012 | $0.160 | 1.56% | 1.52% | $42.15 |
| 08/09/2012 | 08/29/2012 | $0.160 | 1.73% | 1.64% | $39.03 |
| 05/10/2012 | 05/30/2012 | $0.160 | 1.73% | 1.73% | $36.93 |
| 03/08/2012 | 03/28/2012 | $0.140 | 1.56% | 1.47% | $38.17 |
| 11/17/2011 | 12/07/2011 | $0.140 | 2% | 1.86% | $30.12 |
| 08/11/2011 | 08/31/2011 | $0.140 | 2.3% | 2.16% | $25.93 |
| 05/12/2011 | 06/01/2011 | $0.140 | 1.81% | 1.98% | $28.33 |
| 03/10/2011 | 03/30/2011 | $0.130 | 2.11% | 2.16% | $24.09 |
| 11/22/2010 | 12/08/2010 | $0.130 | 2.45% | 2.35% | $22.09 |
| 08/12/2010 | 09/02/2010 | $0.130 | 2.51% | 2.68% | $19.40 |
| 05/13/2010 | 06/02/2010 | $0.130 | 2.07% | 2.16% | $24.12 |
| 03/05/2010 | 03/23/2010 | $0.130 | 2.42% | 2.2% | $23.68 |
| 11/12/2009 | 12/03/2009 | $0.130 | 2.54% | 2.93% | $17.75 |
| 08/13/2009 | 09/03/2009 | $0.130 | 2.18% | 2.19% | $23.78 |
| 05/14/2009 | 06/03/2009 | $0.130 | 3.07% | 2.86% | $18.19 |
| 03/05/2009 | 03/23/2009 | $0.130 | 4.4% | 3.74% | $13.92 |
| 11/20/2008 | 12/08/2008 | $0.130 | 3.89% | 3.06% | $17.01 |
| 08/14/2008 | 09/02/2008 | $0.130 | 2.2% | 2.11% | $24.59 |
| 05/15/2008 | 06/02/2008 | $0.130 | 2.32% | 2.54% | $20.51 |
| 03/13/2008 | 03/31/2008 | $0.120 | 2.39% | 2.54% | $18.89 |
| 11/21/2007 | 12/10/2007 | $0.120 | 2.32% | 2.14% | $22.47 |
| 08/16/2007 | 09/04/2007 | $0.120 | 1.4% | 1.5% | $32.10 |
| 05/17/2007 | 06/04/2007 | $0.120 | 1.22% | 1.16% | $41.37 |
| 03/01/2007 | 03/19/2007 | $0.105 | 1.2% | 1.22% | $34.36 |
| 11/22/2006 | 12/11/2006 | $0.105 | 0.99% | 1.07% | $39.08 |
| 08/17/2006 | 09/05/2006 | $0.105 | 1.04% | 1.1% | $38.02 |
| 05/18/2006 | 06/05/2006 | $0.105 | 0.98% | 0.95% | $44.37 |
| 02/23/2006 | 03/13/2006 | $0.090 | 0.83% | 0.81% | $44.56 |
| 11/17/2005 | 12/05/2005 | $0.090 | 0.93% | 0.93% | $38.89 |
| 08/18/2005 | 09/06/2005 | $0.090 | 1.03% | 0.99% | $36.19 |
| 05/19/2005 | 06/06/2005 | $0.090 | 0.99% | 1.02% | $35.44 |
| 02/24/2005 | 03/14/2005 | $0.070 | 0.83% | 0.84% | $33.36 |
| 11/18/2004 | 12/06/2004 | $0.070 | 0.88% | 0.88% | $31.64 |
| 08/19/2004 | 09/07/2004 | $0.067 | 0.96% | 0.89% | $29.99 |
| 05/20/2004 | 06/07/2004 | $0.067 | 1.02% | 0.96% | $27.87 |
Projected Future Returns & Dividends for POOL
Based on past 10-year performance, here are POOL growth metrics:
Share price CAGR of +8.27%
Dividend CAGR of +15.45%
Using POOL CAGR metrics, we can estimate that your initial $10000 investment, over the next 10 years, should grow as follows:
| POOL (DRIP) | POOL - No DRIP | |
|---|---|---|
| Current Price | $204.12 | $204.12 |
| Start Shares | 48.99 | 48.99 |
| Start Value | $10,000 | $10,000 |
| After 10 years: | ||
| Final Share Count | 69.13 | 48.99 |
| Dividends Payment | $5.47 | $5.47 |
| Annual Dividends | $1,512 | $1,071 |
| Yield on cost | 15.12% | 10.71% |
| Share Price | $451.80 | $451.80 |
| Total Dividends | $6,418 | $5,287 |
| Final Value | $31,233 | $27,421 |
Estimated Future Value + Dividends - POOL
NOTE: Above numbers are our estimate based on POOL's Dividend and Price CAGR over past 10 years.
These numbers should only be considered as "potential future returns"! DRIP assumes reinvesting dividends; No-DRIP assumes collecting dividends as cash.
We cannot guarantee that your actual returns will meet these estimates.
Get the best Dividend Stock Research Tools:
Get 3 Months Free with Annual Plan
Get 3 Months Free with Annual Plan
PRO
$19/mo
$11.40/mo
7-day free trial
- Unlimited Portfolio Tracker
- Portfolio - Lots/Sales/Dividends
- Portfolio Auto-DRIP
- Buy/Sell Signals Dashboard
- Stock Fundamentals
- Compare Stocks Side-by-Side
- Revenue & EPS Estimates
- DCF Valuation Modeling
40% Lifetime Discount
Most Popular
PREMIUM
$32/mo
$19.20/mo
7-day free trial
- Everything in Pro
- YieldMax PNL Tracker
- YieldMax NAV Erosion Alerts
- YM ETFs Trend Signals
- 9/21 EMA Trend Signals
- Stocks Dashboard
40% Lifetime Discount
ULTRA
$64/mo
$38.40/mo
7-day free trial
- Everything in Premium
- 15min & 1hr Intraday Signals
- Group & weekly ETF estimates
- YouTuber Mode
- Trades summary + CSV export
- Priority data & support
40% Lifetime Discount
PRO
$171 ($14.25/mo)
$102.60/yr ($8.55/mo)
7-day free trial
- Unlimited Portfolio Tracker
- Portfolio - Lots/Sales/Dividends
- Portfolio Auto-DRIP
- Buy/Sell Signals Dashboard
- Stock Fundamentals
- Compare Stocks Side-by-Side
- Revenue & EPS Estimates
- DCF Valuation Modeling
Combined 55% Lifetime Discount
Most Popular
PREMIUM
$288 ($24/mo)
$172.80/yr ($14.40/mo)
7-day free trial
- Everything in Pro
- YieldMax PNL Tracker
- YieldMax NAV Erosion Alerts
- YM ETFs Trend Signals
- 9/21 EMA Trend Signals
- Stocks Dashboard
Combined 55% Lifetime Discount
ULTRA
$576 ($48/mo)
$345.60/yr ($28.80/mo)
7-day free trial
- Everything in Premium
- 15min & 1hr Intraday Signals
- Group & weekly ETF estimates
- YouTuber Mode
- Trades summary + CSV export
- Priority data & support
Combined 55% Lifetime Discount
Company Info
Pool Corporation (POOL) had its IPO on 1995-10-13, and is traded on NASDAQ stock exchange.
Pool Corporation, established in 1993 and based in Covington, Louisiana, serves as a leading wholesale distributor of swimming pool essentials, outdoor living accessories, and related recreational merchandise. Operating extensively across the United States and globally, the company supported its diverse clientele through 410 sales centers spanning North America, Europe, and Australia as of March 2022. Its comprehensive product portfolio encompasses a broad array of upkeep items like chemicals, general provisions, and pool accouterments; components for servicing and replacing critical pool machinery such as purification systems, heating units, circulation pumps, and lighting fixtures; and structural elements including complete fiberglass pools, luxury spas, and comprehensive pre-packaged pool kits designed for both subterranean and elevated installations, encompassing structural walls, liners, support braces, and coping. Furthermore, Pool Corp. supplies diverse pool apparatus and constituent parts vital for both fresh installations and the refurbishment of existing aquatic facilities; irrigation solutions, including integrated system elements and specialized equipment and provisions for professional lawn maintenance; and construction essentials such as concrete, plumbing and electrical infrastructure, a variety of functional and aesthetic pool finishes, decking options, tiles, hardscaping elements, and natural stone for new builds and renovations. The company also offers specialized commercial-grade products, including robust heating units, essential safety apparatus, and industrial-scale pumps and filtration systems, alongside additional recreational and outdoor living items like barbecues and modules for custom outdoor kitchen setups. Pool Corporation's extensive client base includes swimming pool construction and renovation specialists, independent retailers of pool provisions, repair and maintenance enterprises, irrigation and landscape professionals, and institutional clients such as hospitality venues, educational institutions, and public recreational centers.
POOL website: https://www.poolcorp.com
Get Full Access to All Reports with DRIPCalc PRO
Get 3 Months Free with Annual Plan
Get 3 Months Free with Annual Plan
PRO
$19/mo
$11.40/mo
7-day free trial
- Unlimited Portfolio Tracker
- Portfolio - Lots/Sales/Dividends
- Portfolio Auto-DRIP
- Buy/Sell Signals Dashboard
- Stock Fundamentals
- Compare Stocks Side-by-Side
- Revenue & EPS Estimates
- DCF Valuation Modeling
40% Lifetime Discount
Most Popular
PREMIUM
$32/mo
$19.20/mo
7-day free trial
- Everything in Pro
- YieldMax PNL Tracker
- YieldMax NAV Erosion Alerts
- YM ETFs Trend Signals
- 9/21 EMA Trend Signals
- Stocks Dashboard
40% Lifetime Discount
ULTRA
$64/mo
$38.40/mo
7-day free trial
- Everything in Premium
- 15min & 1hr Intraday Signals
- Group & weekly ETF estimates
- YouTuber Mode
- Trades summary + CSV export
- Priority data & support
40% Lifetime Discount
PRO
$171 ($14.25/mo)
$102.60/yr ($8.55/mo)
7-day free trial
- Unlimited Portfolio Tracker
- Portfolio - Lots/Sales/Dividends
- Portfolio Auto-DRIP
- Buy/Sell Signals Dashboard
- Stock Fundamentals
- Compare Stocks Side-by-Side
- Revenue & EPS Estimates
- DCF Valuation Modeling
Combined 55% Lifetime Discount
Most Popular
PREMIUM
$288 ($24/mo)
$172.80/yr ($14.40/mo)
7-day free trial
- Everything in Pro
- YieldMax PNL Tracker
- YieldMax NAV Erosion Alerts
- YM ETFs Trend Signals
- 9/21 EMA Trend Signals
- Stocks Dashboard
Combined 55% Lifetime Discount
ULTRA
$576 ($48/mo)
$345.60/yr ($28.80/mo)
7-day free trial
- Everything in Premium
- 15min & 1hr Intraday Signals
- Group & weekly ETF estimates
- YouTuber Mode
- Trades summary + CSV export
- Priority data & support
Combined 55% Lifetime Discount
Loading signals…
DCF Model — POOL
Value from:
🔒 Upgrade to unlock
The full DCF valuation — fair value, implied growth and the price path — is a paid feature.
Upgrade to Pro
Pay up to today
—
vs current price $204.12
—
Cash flow & implied price by year
FCF is negative or missing for this company (common for banks) — the model discounts EPS instead.
EPS is negative or missing for this company — Simple mode uses free cash flow per share instead.
Free cash flow today
—
grows for the next years
Then mature
—
every future dollar counted back to today
Pile of today-dollars
—
÷ shares
Implied price path
| Year | FCF | Implied price |
|---|
Sensitivity — fair value: growth ↓ × target return →
