ADUS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($103.53)
DCF	$890.96	+760.6%
Graham Number	$79.21	-23.5%
Reverse DCF	—	implied g: 12.9%
DDM	—	—
EV/EBITDA	$101.59	-1.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $72.16M

Near-term growth (yrs 1–5)(%)Rev: 25.6% / EPS: 52.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.11%

Computed WACC: 9.11%

Cost of equity (Re)9.35%(Rf 4.30% + β 0.92 × ERP 5.50%)

Cost of debt (Rd)8.02%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)91.78%

Debt weight (D/V)8.22%

Results

Intrinsic Value / share$873.05

Current Price$103.53

Upside / Downside+743.3%

Net Debt (used)$89.75M

Sensitivity: WACC (rows) × Near-term g (cols)

WACC \ Near-term	44.1%	48.1%	52.1%	56.1%	60.1%
7.0%	$1088.04	$1246.14	$1422.13	$1617.49	$1833.79
8.0%	$847.62	$970.49	$1107.24	$1259.02	$1427.03
9.0%	$683.65	$782.51	$892.51	$1014.58	$1149.68
10.0%	$565.37	$646.92	$737.65	$838.30	$949.68
11.0%	$476.51	$545.08	$621.33	$705.91	$799.48

2 — Graham Number

Assumptions

MultiplierGraham used 22.5 (15× P/E × 1.5× P/B)

EPS (trailing)($)Yahoo: $4.66

Book Value / share($)Yahoo: $59.84

Results

Graham Number$79.21

Current Price$103.53

Margin of Safety-23.5%

Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.11%

Terminal growth rate(%)

Computed WACC: 9.11%

Cost of equity (Re)9.35%(Rf 4.30% + β 0.92 × ERP 5.50%)

Cost of debt (Rd)8.02%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)91.78%

Debt weight (D/V)8.22%

Results

Current Price$103.53

Implied Near-term FCF Growth13.2%

Historical Revenue Growth25.6%

Historical Earnings Growth52.1%

Base FCF (TTM)$72.16M

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

Annual dividend D0($/share)Yahoo: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$103.53

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $156.23M

Target EV/EBITDA multipleCurrent: 12.6×

Net Debt($B)Default: $89.75M

Results

Implied Equity Value / share$101.59

Current Price$103.53

Upside / Downside-1.9%

Implied EV$1.97B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.91B	-$910.25M	$89.75M	$1.09B	$2.09B
8.6x	$175.99	$121.89	$67.78	$13.68	$-40.42
10.6x	$192.89	$138.79	$84.69	$30.59	$-23.52
12.6x	$209.80	$155.70	$101.59	$47.49	$-6.61
14.6x	$226.70	$172.60	$118.50	$64.40	$10.29
16.6x	$243.61	$189.51	$135.40	$81.30	$27.20

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