Verra Mobility Corp
1 位超级投资者持有 Verra Mobility Corp（VRRM）。
仅供教育与信息参考，不构成投资建议。13F 持仓为机构自行申报，可能滞后最多 45 天。
估值 · 地基层
High leverage — ranges are a degraded approximation (see method).
Verra Mobility Corp (VRRM): A conservative earnings-power estimate, $7–$14 / sh; today’s price sits below it (price $4 as of 2026-06-25).
Capex is in a steep ramp (heavy build-ahead investment) — owner earnings carry extra uncertainty, so read the value range with that caveat.
Model cautions
- ·Owner-earnings yield diverges sharply from the 10-year Treasury (over 300 bps).
- ·The DCF result diverges from a zero-growth sanity check (over 50%).
- ·Growth nearly matches the discount rate — the estimate is sensitive to assumptions.
An observation from two valuation methods — not investment advice, not a buy/sell signal, and not a price target.
Price as of 2026-06-25 · yahoo · DGS10 4.4% @ 2026-06-24.
Method & numbers
Owner-earnings DCF $7.03 – $13.75 · Greenwald zero-growth $7.53 · zero-growth base $7.53
Moat Not assessable · terminal value 50% of present value · owner-earnings yield 13% vs 10Y 4.4%.
Graham earnings-power value (normalized NOPAT)$4.83 – $7.53 / sh
Normalized NOPAT = average operating margin over the years shown × latest-year revenue × (1 − normalized tax); then + D&A − maintenance capex (write A). Unlevered (pre-interest, attributable to all capital). Capitalized at the 8–10% rate band (read as a WACC proxy). Enterprise → equity bridge applied: + cash − total debt.
Years: 2025, 2024, 2023, 2022, 2021
v1 simplifications: Maintenance capex (degraded) deducted in full cash (write A): EPV = (NOPAT + D&A − maintenance capex) / WACC; no tax shield on the capex term. Capex doubled within two years (AI-hog rule): maintenance capex floored at 50% of current capex; EPV is correspondingly pressed down. Maintenance-capex methods diverge by 90% (> 50%); estimate is degraded. Capex doubled within two years (AI-hog rule): flagged; the spike is treated as growth, not maintenance — owner earnings carry extra uncertainty. Share-based compensation is left as a real expense (not added back).
Buffett owner-earnings value$5.39 – $6.74 / sh
Owner earnings = average net income + average D&A − maintenance capex (zero-growth floor; no ΔNWC). Levered (starts from net income, already after interest — an equity-holder stream). Capitalized at the 8–10% rate band (read as a cost-of-equity proxy). No enterprise→equity bridge: the capitalized result is already equity value (subtracting debt would double-count interest).
Years: 2025, 2024, 2023, 2022, 2021
v1 simplifications: Owner earnings = net income + D&A − maintenance capex (degraded); the working-capital change is excluded (maintenance ΔNWC ≈ 0; growth ΔNWC is carried in growth value, not double-counted). Capex doubled within two years (AI-hog rule): maintenance capex floored at 50% of current capex. One-time items are not separately normalized (multi-year averaging smooths them partially). Share-based compensation is left as a real expense (not added back); see the SBC/OE disclosure. Capitalized at the same 8–10% band as a cost-of-equity proxy (theoretically the cost of equity is higher; v2 simplification, v3 to refine).
Asset floor: Tangible net assets = shareholders' equity − goodwill − intangibles, ÷ diluted shares (no R&D history to capitalize).
Moat reading: Franchise test compares earnings power (EPV) against reproduction value (tangible net assets + capitalized R&D). EPV well above reproduction value signals a moat; near it, a commodity; below it, value destruction. A directional reading, not a verdict.
Growth value gated to zero — no moat / ROIIC ≤ WACC, so no growth value is credited.
Window FY 2025, 2024, 2023, 2022, 2021 · discount band 8%–10% · normalized tax 21% (Average effective tax rate over 5 year(s), capped at the statutory 21%.) · diluted shares.
Owner-earnings DCF: growth g₁ 10% · OE FY 2025, 2024, 2023, 2022, 2021 · Discount band: 6.91%–10.00% (DGS10 +2.5% to a 10% strict end, as of 2026-06-24). No enterprise→equity bridge: owner earnings already flow to shareholders (post-interest), so no net cash is added and no debt subtracted — matching the engine owner-earnings lamp.
High leverage (net debt / shareholders' equity above 1.0): the single 8–10% rate band is a low-leverage / net-cash approximation and is directionally distorted here. The ranges are shown but should be read as degraded.
持有该证券的超级投资者
持有概览
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Verra Mobility Corp（VRRM）被 Compounder 追踪的 1 位超级投资者持有，合计申报市值 $623,944。仓位最大的是 Ray Dalio，占其组合 0.0%。
最近一个季度，追踪范围内有 0 位新建 VRRM 仓位，1 位加仓，0 位减仓，0 位清仓。
以上持有人数与市值来自最新的 SEC Form 13F 申报，截至 2026-03-31 季度。来源：SEC EDGAR。13F 仅涵盖美股多头持仓，且可能滞后实际组合最多 45 天，因此这是已披露的多头持有情况，并非完整全貌。
持有人趋势
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近 6 季持有该证券的超级投资者：1 → 1 家。
早期季度持有人数可能因数据回填偏低，斜率仅供参考。
数据来源· SEC EDGAR 13F 截至 2026-05-15
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