ADC-PA

ADC-PA — Valuation Models

Interactive models with editable assumptions. All calculations run client-side.

Valuation Summary

ModelIntrinsic Valuevs Price ($17.37)
DCF$13328604753.38+76733475739.9%
Graham Number$45.19+160.1%
Reverse DCFimplied g: -9.2%
DDM$21.84+25.7%
EV/EBITDA$2256858187.71+12992850721.6%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $433.69M
Rev: 18.5% / EPS: 14.0%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$13357229360.06
Current Price$17.37
Upside / Downside+76898269100.1%
Net Debt (used)$3.30B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term10.5%14.5%18.5%22.5%26.5%
7.0%$14713361651.47$18031562020.04$21833815792.94$26171895588.87$31101158689.64
8.0%$11166510855.23$13798074403.10$16811055041.67$20246114869.96$24146725855.50
9.0%$8726017155.08$10886107791.82$13357229360.06$16172430504.75$19367039092.96
10.0%$6948305823.72$8765780654.11$10843210123.78$13208122996.01$15889942757.49
11.0%$5598625796.68$7156668224.69$8936051067.43$10960134089.82$13253881570.99

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.78
Yahoo: $50.87

Results

Graham Number$45.19
Current Price$17.37
Margin of Safety+160.1%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$17.37
Implied Near-term FCF Growth-9.2%
Historical Revenue Growth18.5%
Historical Earnings Growth14.0%
Base FCF (TTM)$433.69M
Implied growth is the FCF growth rate (yrs 1–5) that makes the DCF intrinsic value equal the current price. Long-term growth is set to half the implied near-term rate.

4 — Dividend Discount Model (DDM)

Assumptions

Yahoo: $1.06

Results

DDM Intrinsic Value / share$21.84
Current Price$17.37
Upside / Downside+25.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $619.75M
Current: 9.0×
Default: $3.30B

Results

Implied Equity Value / share$2256858187.71
Current Price$17.37
Upside / Downside+12992850721.6%
Implied EV$5.56B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.30B$2.30B$3.30B$4.30B$5.30B
5.0x$1777870155.71$777870155.71$-222129844.29$-1222129844.29$-2222129844.29
7.0x$3017364171.71$2017364171.71$1017364171.71$17364171.71$-982635828.29
9.0x$4256858187.71$3256858187.71$2256858187.71$1256858187.71$256858187.71
11.0x$5496352203.71$4496352203.71$3496352203.71$2496352203.71$1496352203.71
13.0x$6735846219.71$5735846219.71$4735846219.71$3735846219.71$2735846219.71