AGCO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($137.04)
DCF	$181.88	+32.7%
Graham Number	$113.56	-17.1%
Reverse DCF	—	implied g: 0.8%
DDM	$23.90	-82.6%
EV/EBITDA	$141.18	+3.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $850.01M

Near-term growth (yrs 1–5)(%)Rev: 1.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.54%

Computed WACC: 8.54%

Cost of equity (Re)10.73%(Rf 4.30% + β 1.17 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)79.63%

Debt weight (D/V)20.37%

Results

Intrinsic Value / share$197.76

Current Price$137.04

Upside / Downside+44.3%

Net Debt (used)$1.75B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$183.65	$225.69	$274.60	$331.20	$396.40
8.0%	$146.66	$180.49	$219.80	$265.23	$317.49
9.0%	$121.02	$149.20	$181.88	$219.60	$262.94
10.0%	$102.21	$126.24	$154.08	$186.17	$223.00
11.0%	$87.80	$108.68	$132.83	$160.64	$192.51

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $9.74

Book Value / share($)Yahoo: $58.84

Results

Graham Number$113.56

Current Price$137.04

Margin of Safety-17.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.54%

Terminal growth rate(%)

Computed WACC: 8.54%

Cost of equity (Re)10.73%(Rf 4.30% + β 1.17 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)79.63%

Debt weight (D/V)20.37%

Results

Current Price$137.04

Implied Near-term FCF Growth-0.3%

Historical Revenue Growth1.1%

Historical Earnings Growth—

Base FCF (TTM)$850.01M

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: $1.16

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$23.90

Current Price$137.04

Upside / Downside-82.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.02B

Target EV/EBITDA multipleCurrent: 11.8×

Net Debt($B)Default: $1.75B

Results

Implied Equity Value / share$141.18

Current Price$137.04

Upside / Downside+3.0%

Implied EV$11.98B

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

Mult \ Net Debt	$1.75B	$1.75B	$1.75B	$1.75B	$1.75B
7.8x	$85.09	$85.09	$85.09	$85.09	$85.09
9.8x	$113.13	$113.13	$113.13	$113.13	$113.13
11.8x	$141.18	$141.18	$141.18	$141.18	$141.18
13.8x	$169.22	$169.22	$169.22	$169.22	$169.22
15.8x	$197.26	$197.26	$197.26	$197.26	$197.26

← Overview Financial Statements ← Companies