Popular, Inc.

AI-generated fair value estimate for this company.

Method: Excess-return-on-tangible-equity model: tangible book value per share of $87.94; normalized sustainable ROTCE of 15.5%, discounted from the current quarter's 17.0% for cycle/rate normalization; 10.5% cost of equity reflecting Puerto Rico geographic concentration risk; 4.0% terminal growth; justified P/TBV of 1.769x applied to tangible book value; 63.78M shares outstanding.

Reasoning: Popular Inc is a bank holding company for which an unlevered FCF DCF is inappropriate, so the standard practice of a justified price-to-tangible-book-value model driven by the spread between ROTCE and cost of equity was used instead.