ALG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($216.59)
DCF	$207.00	-4.4%
Graham Number	$143.07	-33.9%
Reverse DCF	—	implied g: 5.8%
DDM	$25.54	-88.2%
EV/EBITDA	$213.53	-1.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $141.74M

Near-term growth (yrs 1–5)(%)Rev: 4.7% / EPS: -7.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.65%

Computed WACC: 9.65%

Cost of equity (Re)10.48%(Rf 4.30% + β 1.12 × 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)92.09%

Debt weight (D/V)7.91%

Results

Intrinsic Value / share$188.11

Current Price$216.59

Upside / Downside-13.1%

Net Debt (used)-$19.43M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$208.77	$250.66	$299.40	$355.81	$420.78
8.0%	$171.90	$205.62	$244.79	$290.06	$342.15
9.0%	$146.36	$174.44	$207.00	$244.59	$287.79
10.0%	$127.61	$151.56	$179.30	$211.28	$247.98
11.0%	$113.25	$134.06	$158.13	$185.84	$217.60

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $9.63

Book Value / share($)Yahoo: $94.47

Results

Graham Number$143.07

Current Price$216.59

Margin of Safety-33.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.65%

Terminal growth rate(%)

Computed WACC: 9.65%

Cost of equity (Re)10.48%(Rf 4.30% + β 1.12 × 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)92.09%

Debt weight (D/V)7.91%

Results

Current Price$216.59

Implied Near-term FCF Growth7.5%

Historical Revenue Growth4.7%

Historical Earnings Growth-7.9%

Base FCF (TTM)$141.74M

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: $1.24

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$25.54

Current Price$216.59

Upside / Downside-88.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $218.35M

Target EV/EBITDA multipleCurrent: 11.8×

Net Debt($B)Default: -$19.43M

Results

Implied Equity Value / share$213.53

Current Price$216.59

Upside / Downside-1.4%

Implied EV$2.57B

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

Mult \ Net Debt	-$2.02B	-$1.02B	-$19.43M	$980.57M	$1.98B
7.8x	$306.52	$223.98	$141.44	$58.90	$-23.64
9.8x	$342.56	$260.02	$177.48	$94.94	$12.40
11.8x	$378.61	$296.07	$213.53	$130.99	$48.45
13.8x	$414.65	$332.11	$249.57	$167.03	$84.49
15.8x	$450.70	$368.16	$285.62	$203.08	$120.54

← Overview Financial Statements ← Companies