Latest news with #ResMed
Yahoo
8 hours ago
- Business
- Yahoo
Calculating The Intrinsic Value Of ResMed Inc. (NYSE:RMD)
Key Insights ResMed's estimated fair value is US$302 based on 2 Stage Free Cash Flow to Equity Current share price of US$274 suggests ResMed is potentially trading close to its fair value The US$269 analyst price target for RMD is 11% less than our estimate of fair value In this article we are going to estimate the intrinsic value of ResMed Inc. (NYSE:RMD) by projecting its future cash flows and then discounting them to today's value. We will use the Discounted Cash Flow (DCF) model on this occasion. Believe it or not, it's not too difficult to follow, as you'll see from our example! We generally believe that a company's value is the present value of all of the cash it will generate in the future. However, a DCF is just one valuation metric among many, and it is not without flaws. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. What's The Estimated Valuation? We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years. Generally we assume that a dollar today is more valuable than a dollar in the future, so we discount the value of these future cash flows to their estimated value in today's dollars: 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 Levered FCF ($, Millions) US$1.50b US$1.65b US$1.73b US$1.88b US$1.99b US$2.10b US$2.19b US$2.27b US$2.36b US$2.44b Growth Rate Estimate Source Analyst x5 Analyst x5 Analyst x2 Analyst x1 Est @ 5.94% Est @ 5.04% Est @ 4.41% Est @ 3.97% Est @ 3.66% Est @ 3.44% Present Value ($, Millions) Discounted @ 7.1% US$1.4k US$1.4k US$1.4k US$1.4k US$1.4k US$1.4k US$1.4k US$1.3k US$1.3k US$1.2k ("Est" = FCF growth rate estimated by Simply Wall St)Present Value of 10-year Cash Flow (PVCF) = US$14b After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.9%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 7.1%. Terminal Value (TV)= FCF2035 × (1 + g) ÷ (r – g) = US$2.4b× (1 + 2.9%) ÷ (7.1%– 2.9%) = US$61b Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$61b÷ ( 1 + 7.1%)10= US$31b The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$44b. In the final step we divide the equity value by the number of shares outstanding. Compared to the current share price of US$274, the company appears about fair value at a 9.5% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent. Important Assumptions The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at ResMed as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 7.1%, which is based on a levered beta of 0.957. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business. See our latest analysis for ResMed SWOT Analysis for ResMed Strength Earnings growth over the past year exceeded the industry. Debt is not viewed as a risk. Dividends are covered by earnings and cash flows. Weakness Dividend is low compared to the top 25% of dividend payers in the Medical Equipment market. Opportunity Annual earnings are forecast to grow for the next 4 years. Current share price is below our estimate of fair value. Threat Annual earnings are forecast to grow slower than the American market. Next Steps: Whilst important, the DCF calculation shouldn't be the only metric you look at when researching a company. DCF models are not the be-all and end-all of investment valuation. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. For ResMed, there are three pertinent factors you should explore: Financial Health: Does RMD have a healthy balance sheet? Take a look at our free balance sheet analysis with six simple checks on key factors like leverage and risk. Future Earnings: How does RMD's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered! PS. The Simply Wall St app conducts a discounted cash flow valuation for every stock on the NYSE every day. If you want to find the calculation for other stocks just search here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. 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Time of India
a day ago
- Business
- Time of India
After Ivy League layoffs, Duke becomes the latest elite university in the US to cut hundreds of jobs
The wave of job cuts at America's top universities is no longer limited to the Ivy League. After recent staff reductions at institutions like Harvard, Columbia, and Princeton, Duke University has now announced layoffs and voluntary separations affecting more than 600 positions. The move places Duke firmly within a growing list of elite institutions that are reshaping their workforce in response to budget pressures, declining federal funding, and shifting enrolment trends. What makes Duke's decision particularly notable is the scale and speed at which the changes are taking place, and the level of concern they've sparked across faculty, staff, and student communities. Libraries, student affairs, and research roles hit hard The departments facing the brunt of the cuts include libraries, student affairs, academic support centres, and research offices. These are not just administrative roles, they are the people who support students day-to-day, from mental health counsellors and academic advisors to specialised librarians who assist with thesis research and faculty collaboration. With a hiring freeze in effect, many of the vacated roles won't be refilled, meaning existing staff will have to absorb additional duties. This is already triggering fears of burnout and declining service quality, especially in departments central to the student experience. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Resmed AirSense 11 with flat 20% off ResMed Buy Now Undo Faculty frustration grows over lack of consultation Faculty members across departments have expressed dismay over the lack of shared governance in the layoff process. Many report being informed of the decisions only after they were finalized, with no prior consultation or opportunity to offer alternatives. This echoes concerns raised earlier at Ivy League institutions, where professors warned that financial decisions made without academic input could undermine the long-term health of their universities. At Duke, the American Association of University Professors (AAUP) has formally called for a pause on all layoffs and separations until faculty and staff are meaningfully included in the planning process. Campus morale declines amid uncertainty Inside Duke's departments and offices, the atmosphere is tense. Reports from staff suggest that many felt pressured to accept buyouts, fearing eventual forced layoffs. Others remain uncertain about the future of their own roles, especially in units perceived to be less revenue-generating. Morale is at a historic low, with both academic and support staff warning that the cuts are not only shrinking teams but eroding trust in leadership. The inability to rehire for eliminated positions is compounding this anxiety, particularly as workload redistribution begins. Student concerns on the rise While large-scale student protests have yet to materialise, student communities, both undergraduate and graduate, are increasingly worried. Many are already experiencing the effects: shorter library hours, fewer academic advisors, and longer wait times for wellness services. Graduate students are also uncertain about the stability of their assistantships, research placements, and mentoring programs. Some fear that cuts to administrative support will lead to a lower-quality educational experience, even as tuition and fees remain high. International students watch closely For Indian and other international students, the developments at Duke mirror a concerning trend. The reduction in student services and academic support could directly impact visa advising, career services, and research assistantships, all critical elements for those pursuing degrees abroad. With similar cuts having already occurred at Ivy League campuses, students planning to study in the US are being urged to pay closer attention to how universities are adapting and what resources may no longer be available when they arrive. What comes next As the university prepares for additional layoffs in August, faculty groups and Duke community members are urging greater transparency, leadership accountability, and a reevaluation of priorities. Proposals have included temporary pay reductions for top-paid administrators and increased faculty involvement in budget planning. With over 600 roles already eliminated and more likely to follow, Duke's campus, like those of several Ivy League institutions before it, is being fundamentally reshaped. The question now is whether this new model will preserve the university's academic strengths or undermine the very services that support its students and faculty. TOI Education is on WhatsApp now. Follow us here . Ready to navigate global policies? Secure your overseas future. Get expert guidance now!
Time of India
2 days ago
- Entertainment
- Time of India
Chainsaw Man Part 2: Why Denji's story just got darker
Chainsaw Man Part 1 was already chaos, blood, devils, betrayal, and Denji just trying to cop a feel. But in Chainsaw Man Part 2, things go from messy to downright existential. The tone shifts, the stakes rise, and Denji is no longer the naive boy chasing simple pleasures. This is the Chainsaw Man universe post-Makima, and it's brutal in a whole new way. If you thought the first arc was dark, wait till you see what Chainsaw Man Part 2 has in store. Here's why Denji's story just got a lot more disturbing and why it might be the most important part of his character growth yet. Chainsaw Man Part 2: Denji is a hero with no reward Chainsaw Man Part 2 picks up after Denji defeats Makima, the Control Devil, and tries to live a 'normal' life. But nothing about his life is normal anymore. He's famous, sure, but he's also broke, emotionally numb, and being used by the government as a devil-hunting weapon. Despite technically 'winning,' Denji's left feeling emptier than ever. His dream of a simple, happy life is just that, a dream. The fame he gains as Chainsaw Man doesn't bring him peace. In fact, it puts a target on his back, isolating him further from anything resembling real connection or meaning. Chainsaw Man Part 2: Asa Mitaka and the War Devil change everything Chainsaw Man Part 2 introduces a brand-new protagonist: Asa Mitaka, a quiet, awkward high school girl who becomes the host of the War Devil, Yoru. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Resmed AirSense 11 with flat 20% off ResMed Buy Now Undo Their goal? Kill Chainsaw Man. Yep, our Chainsaw Man. Asa isn't like Denji. She's cautious, guilt-ridden, and constantly second-guessing herself. Her internal struggle with Yoru mirrors Denji's earlier bond with Pochita but with way more resentment and emotional weight. Through her, we see a different side of the world Denji inhabits: one that's slower, more tragic, and emotionally layered. Chainsaw Man Part 2: A darker, deeper tone takes over While Part 1 was fast-paced and explosive, Chainsaw Man Part 2 leans into psychological tension and emotional horror. The violence is still there, but it's more about what happens inside the characters than outside. Asa struggles with identity, trauma, and the need to be loved. Denji, meanwhile, wants to live a normal life but is constantly being pulled back into violence and manipulation. And let's not forget Nayuta, the reincarnated Control Devil, who Denji is now raising like a little sister. It's sweet, sure, but it's also twisted. Denji is trying to give Nayuta the love he never received, while carrying the weight of Makima's sins. Chainsaw Man Part 2: Why Denji's world feels even darker In Chainsaw Man Part 2, Denji is no longer just a victim of circumstance, he's becoming an active participant in the system that's crushing him. He chooses to hide his identity. He lets others manipulate his public image. And he keeps sacrificing pieces of himself for others, all while claiming he's happy. It's no longer about surviving devils, it's about surviving the human condition. Fame, loneliness, love, depression, Chainsaw Man Part 2 explores all of it, often without warning. The devils are still terrifying, but the real horror? It's how Denji smiles through the pain. Chainsaw Man Part 2 isn't trying to outdo Part 1 with nonstop gore or over-the-top shock value, it's doing something braver. It dares to slow down. It reflects on everything Denji has been through and strips away the chainsaw-fuelled chaos to expose a young man stuck in emotional limbo. Denji, once a reckless symbol of freedom and rebellion, is now navigating a world where that freedom feels… meaningless. This arc doesn't scream, it simmers. It's not about fighting devils anymore. It's about fighting loneliness, responsibility, public image, and the weight of past trauma. Denji's biggest battle now is simply surviving in a world that keeps asking more of him without ever giving him peace. If Part 1 was about breaking the system with raw power and blood, Chainsaw Man Part 2 is about crawling through the broken pieces, trying to live with the mess that's left behind. It's sadder. Smarter. And honestly? Scarier. And that quiet despair? That hits harder than any chainsaw ever could. Also read| 7 short anime series you can finish in one weekend
Time of India
2 days ago
- Health
- Time of India
6 common mistakes that are slowly killing your aloe vera plant and how to fix them
Wondering why your aloe vera plant looks unhealthy despite your best efforts? Aloe vera is known for being hardy, but even this tough succulent can suffer from improper care. Yellowing leaves, mushy roots, or curling tips are all signs of distress, and they usually stem from a few common mistakes. Fortunately, most of these issues are easy to fix with a few simple changes. In this guide, we'll uncover the most common aloe vera care mistakes and show you how to bring your plant back to vibrant, healthy life. Why your aloe vera plant is dying and how to save it Overwatering One of the biggest mistakes with aloe vera is giving it more water than it needs. Aloe stores water in its thick, fleshy leaves, which makes it highly drought-tolerant. When you water too frequently or let the soil stay wet for long periods, the roots can rot due to lack of oxygen. This often shows up as yellow, mushy, or collapsing leaves. To prevent this, only water your aloe vera when the top 2–3 inches of soil feel completely dry. Always use a pot with drainage holes and never let the plant sit in a tray of standing water. In cooler months, reduce watering further, as the plant's water needs decrease. Poor Drainage Even if you're not watering too much, using the wrong soil or pot can still lead to root rot. Aloe vera needs soil that drains quickly—dense or compacted soil holds too much moisture and suffocates the roots. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Better Sleep, Better Mornings Start Here ResMed Buy Now Undo For best results, plant your aloe in a cactus or succulent soil mix. You can also improve aeration by adding coarse sand, pumice, or perlite. Use a terracotta or unglazed ceramic pot, which allows excess moisture to evaporate faster. Insufficient Light Aloe vera loves sunlight. If it's kept in low-light areas or away from windows, it will become pale, yellow, or grow leggy and weak as it stretches towards any light source. Lack of light weakens its overall health. To support healthy growth, place your aloe vera near a bright window where it can get 6–8 hours of indirect sunlight daily. East or south-facing windows are ideal. Rotate the pot regularly to ensure even exposure and prevent leaning. Sudden Changes in Environment Aloe vera doesn't respond well to abrupt shifts in its environment. Moving it suddenly from shade to full sun can result in sunburned leaves. Likewise, putting it near air conditioning, heating vents, or drafty windows can cause stress. When relocating the plant, do it gradually, allowing it to adjust over several days. Also, avoid placing it near cold drafts, heat blasts, or areas where the temperature fluctuates frequently. Nutrient Deficiency While aloe vera is a light feeder, it still needs some nutrients to grow healthily, especially if it's been in the same pot for a long time. A lack of key nutrients like nitrogen, potassium, or iron can result in slow growth and pale yellow leaves. Feeding your aloe once or twice a year with a diluted, balanced liquid fertiliser in spring or early summer is usually sufficient. Avoid fertilising in winter, and be cautious not to overdo it, as excess fertiliser can damage the roots. Cold Exposure Aloe vera is a warm-climate plant and doesn't tolerate cold well. Temperatures below 10°C (50°F) can harm the plant and lead to brown or yellow leaves, especially if combined with overwatering. During winter or in colder climates, move your plant indoors and place it in a warm, draft-free location. Keep it away from cold windows and heating vents to avoid sudden temperature stress. It's completely normal for the older, bottom leaves of an aloe vera plant to turn yellow and die off. This is part of its natural growth cycle. Just trim away the dead or dying leaves with clean scissors and focus on giving your plant consistent, gentle care. With just a few adjustments, you can revive even the saddest-looking aloe vera and help it thrive again, green, plump, and full of life. Also Read: How to remove and prevent algae on tiles and concrete during the rainy season
Time of India
2 days ago
- Health
- Time of India
5 homemade body scrubs for glowing skin you can make today
L ooking for an easy way to get glowing, smooth skin without spending a fortune on store-bought products? Homemade body scrubs are a natural, affordable, and effective solution. Made with simple ingredients from your kitchen, like coffee, sugar, coconut oil, or oats, these scrubs gently exfoliate, remove dead skin, and boost circulation. Whether you have dry, dull, or sensitive skin, there's a scrub recipe here for you. They're chemical-free, deeply nourishing, and super easy to make. Here are five of the best homemade body scrubs for glowing skin that will leave your body soft, refreshed, and radiant, all in under 15 minutes. 5 homemade body scrubs for radiant skin Coffee and coconut oil body scrub for glowing skin Coffee is packed with antioxidants that help tighten skin and improve circulation, while coconut oil deeply hydrates and softens. This scrub is perfect for reducing cellulite appearance and improving skin texture. Mix equal parts ground coffee and coconut oil, apply in circular motions, then rinse. Use 2–3 times a week for smooth, energised skin. Sugar and olive oil scrub to exfoliate and hydrate This classic DIY scrub is gentle enough for sensitive skin and highly effective in removing dead cells. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Buy Resmed AirSense 11 with flat 20% off ResMed Buy Now Undo Sugar works as a mild exfoliant, while olive oil nourishes and repairs the skin barrier. Combine ½ cup of sugar with 2 tablespoons of olive oil, massage gently onto damp skin, then rinse for instant softness. Oatmeal and honey scrub for sensitive skin If your skin gets irritated easily, this calming scrub is a lifesaver. Oatmeal soothes inflammation, while honey hydrates and protects against bacteria. Grind oats into a fine powder, mix with raw honey, and use the paste to exfoliate your skin gently. It's ideal for dry or itchy areas and can be used 2–3 times weekly. Brown sugar and coconut oil scrub for deep nourishment Brown sugar is less abrasive than regular sugar, making it perfect for delicate areas. Combined with coconut oil, this scrub moisturises while sloughing off dry, flaky skin. Mix ½ cup brown sugar with a few tablespoons of coconut oil, scrub on damp skin, and rinse off for an instant glow. Lemon and sugar scrub to brighten skin naturally This zesty scrub is ideal for targeting rough spots, dark elbows, or knees. Lemon juice contains natural acids that brighten and exfoliate, while sugar clears out dead skin. Mix sugar with a bit of lemon juice and a carrier oil like almond or coconut oil. Scrub gently and avoid using on freshly shaved or sensitive areas. Tips for using homemade body scrubs safely and effectively Apply scrubs on clean, damp skin using gentle circular motions Limit exfoliation to 1–3 times per week to avoid irritation Always moisturise after scrubbing to lock in hydration Store scrubs in airtight containers and use within a week if they contain fresh ingredients Patch test if you have sensitive skin or allergies Glowing, soft skin doesn't need expensive products or complicated routines. These homemade body scrubs give you real results with zero harsh chemicals and full control over ingredients. Whether you need hydration, brightness, or soothing relief, these scrubs cover it all. Make them part of your weekly routine and feel the glow naturally. Also read| The rise of white tomato extract in skincare: Know its benefits and uses
