AEM

AEM — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($251.60)
DCF$492212.25+195532.8%
Graham Number$99.32-60.5%
Reverse DCFimplied g: 14.1%
DDM$37.08-85.3%
EV/EBITDA$251.60-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $4.14B
Rev: 60.3% / EPS: 200.3%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$492811.25
Current Price$251.60
Upside / Downside+195770.9%
Net Debt (used)-$2.55B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term192.3%196.3%200.3%204.3%208.3%
7.0%$719456.51$770033.86$823416.69$879720.15$939062.47
8.0%$547083.04$585539.29$626128.55$668938.34$714058.56
9.0%$430601.58$460867.12$492811.25$526502.84$562012.63
10.0%$347431.44$371848.75$397620.19$424801.32$453449.22
11.0%$285637.75$305710.03$326895.39$349239.49$372789.25

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $8.86
Yahoo: $49.48

Results

Graham Number$99.32
Current Price$251.60
Margin of Safety-60.5%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$251.60
Implied Near-term FCF Growth14.1%
Historical Revenue Growth60.3%
Historical Earnings Growth200.3%
Base FCF (TTM)$4.14B
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: $1.80

Results

DDM Intrinsic Value / share$37.08
Current Price$251.60
Upside / Downside-85.3%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $8.20B
Current: 15.0×
Default: -$2.55B

Results

Implied Equity Value / share$251.60
Current Price$251.60
Upside / Downside-0.0%
Implied EV$123.32B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$4.55B-$3.55B-$2.55B-$1.55B-$553.44M
11.0x$190.03$188.03$186.04$184.04$182.04
13.0x$222.81$220.82$218.82$216.82$214.82
15.0x$255.59$253.60$251.60$249.60$247.60
17.0x$288.38$286.38$284.38$282.38$280.38
19.0x$321.16$319.16$317.16$315.16$313.16