ALC

ALC — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($84.68)
DCF$47.41-44.0%
Graham Number$44.88-47.0%
Reverse DCFimplied g: 17.6%
DDM$6.80-92.0%
EV/EBITDA$84.68+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $1.23B
Rev: 8.6% / EPS: -22.2%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$47.41
Current Price$84.68
Upside / Downside-44.0%
Net Debt (used)$3.63B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term0.6%4.6%8.6%12.6%16.6%
7.0%$48.99$60.14$73.06$87.95$105.03
8.0%$38.62$47.55$57.89$69.79$83.43
9.0%$31.44$38.85$47.41$57.25$68.52
10.0%$26.19$32.48$39.74$48.08$57.63
11.0%$22.17$27.62$33.89$41.10$49.33

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.98
Yahoo: $45.20

Results

Graham Number$44.88
Current Price$84.68
Margin of Safety-47.0%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$84.68
Implied Near-term FCF Growth17.6%
Historical Revenue Growth8.6%
Historical Earnings Growth-22.2%
Base FCF (TTM)$1.23B
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: $0.33

Results

DDM Intrinsic Value / share$6.80
Current Price$84.68
Upside / Downside-92.0%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $2.33B
Current: 19.3×
Default: $3.63B

Results

Implied Equity Value / share$84.68
Current Price$84.68
Upside / Downside+0.0%
Implied EV$44.91B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.63B$2.63B$3.63B$4.63B$5.63B
15.3x$69.66$67.61$65.56$63.50$61.45
17.3x$79.22$77.17$75.12$73.07$71.02
19.3x$88.79$86.74$84.68$82.63$80.58
21.3x$98.35$96.30$94.25$92.20$90.15
23.3x$107.92$105.86$103.81$101.76$99.71