Offering Price
$105.225
Offering Mechanics
New Shares Issued
Post-Money Shares
Equity Dilution
4.01%
Implied Fair Price
$108.25
Supply Shock Impact
-5.87%
AI Capex ROIC Hurdle Analysis
AI Capex Deployed
$8.67B
Annual Incremental AI Op Income Required
$1.431B
Breakeven ROIC Hurdle
12.18%
Projected ROIC
16.50%
Spread vs Hurdle
+4.32pp
Payback Quarters
~24
Supply Absorption & Trading Corridor
Sensitivity Matrix: Discount vs Hedge Allocation
| Discount \ Hedge |
|---|