There's no rate to imply here.

The data isn't there yet — here's what's missing:

  • Caution:
    What is missing
    Ferguson demerged from Wolseley and moved its primary listing to the US in 2022, so its first US annual report covers the year to July 2022 — four years of filed free cash flow where the read needs five. Nothing is wrong with the data; there is not enough of it yet, and this fixes itself with the next annual report.

TickerMath is an educational tool, not investment advice — it computes one model from SEC filings and can be wrong. How we compute this →