ALL-PJ

ALL-PJ — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($26.71)
DCF$19909989302139.29+74541330221312.5%
Graham Number
Reverse DCFimplied g: -20.0%
DDM$37.90+41.9%
EV/EBITDA$8910589988.86+33360501543.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $8.92B
Rev: 5.1% / EPS: 103.2%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$19909989302139.29
Current Price$26.71
Upside / Downside+74541330221312.5%
Net Debt (used)$2.11B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term95.2%99.2%103.2%107.2%111.2%
7.0%$26715045674391.34$29559044659266.65$32640454573493.15$35973846275384.19$39574375143768.89
8.0%$20509531855916.78$22691317348152.35$25055145564926.27$27612185550131.94$30374054294793.50
9.0%$16300200936975.89$18032848424094.77$19909989302139.29$21940485752502.88$24133555294790.66
10.0%$13282043626696.24$14692698152105.39$16220929325650.81$17873945819752.15$19659245269259.91
11.0%$11029435033228.78$12199808598156.91$13467675147583.35$14839009718228.10$16320026791775.71

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: —
Yahoo: $110.03

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$26.71
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$26.71
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth5.1%
Historical Earnings Growth103.2%
Base FCF (TTM)$8.92B
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: $1.84

Results

DDM Intrinsic Value / share$37.90
Current Price$26.71
Upside / Downside+41.9%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $12.49B
Current: 0.9×
Default: $2.11B

Results

Implied Equity Value / share$8910589988.86
Current Price$26.71
Upside / Downside+33360501543.1%
Implied EV$11.02B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$110.00M$1.11B$2.11B$3.11B$4.11B
-3.1x$-39069408219.14$-40069408219.14$-41069408219.14$-42069408219.14$-43069408219.14
-1.1x$-14079409115.14$-15079409115.14$-16079409115.14$-17079409115.14$-18079409115.14
0.9x$10910589988.86$9910589988.86$8910589988.86$7910589988.86$6910589988.86
2.9x$35900589092.86$34900589092.86$33900589092.86$32900589092.86$31900589092.86
4.9x$60890588196.86$59890588196.86$58890588196.86$57890588196.86$56890588196.86