AMD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($201.57)
DCF	$268202.49	+132954.4%
Graham Number	$47.73	-76.3%
Reverse DCF	—	implied g: 29.4%
DDM	—	—
EV/EBITDA	$203.08	+0.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $4.59B

Near-term growth (yrs 1–5)(%)Rev: 34.1% / EPS: 217.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 14.90%

Computed WACC: 14.90%

Cost of equity (Re)15.02%(Rf 4.30% + β 1.95 × ERP 5.50%)

Cost of debt (Rd)6.17%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)98.80%

Debt weight (D/V)1.20%

Results

Intrinsic Value / share$92705.19

Current Price$201.57

Upside / Downside+45890.7%

Net Debt (used)-$6.55B

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

WACC \ Near-term	209.1%	213.1%	217.1%	221.1%	225.1%
7.0%	$394572.57	$420766.21	$448332.90	$477325.94	$507799.98
8.0%	$299794.04	$319694.51	$340638.11	$362665.31	$385817.63
9.0%	$235769.65	$251419.04	$267888.67	$285210.40	$303416.85
10.0%	$190072.39	$202687.61	$215964.01	$229927.26	$244603.66
11.0%	$156134.26	$166496.12	$177401.04	$188870.07	$200924.84

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.62

Book Value / share($)Yahoo: $38.65

Results

Graham Number$47.73

Current Price$201.57

Margin of Safety-76.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 14.90%

Terminal growth rate(%)

Computed WACC: 14.90%

Cost of equity (Re)15.02%(Rf 4.30% + β 1.95 × ERP 5.50%)

Cost of debt (Rd)6.17%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)98.80%

Debt weight (D/V)1.20%

Results

Current Price$201.57

Implied Near-term FCF Growth46.1%

Historical Revenue Growth34.1%

Historical Earnings Growth217.1%

Base FCF (TTM)$4.59B

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$201.57

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $6.74B

Target EV/EBITDA multipleCurrent: 48.1×

Net Debt($B)Default: -$6.55B

Results

Implied Equity Value / share$203.08

Current Price$201.57

Upside / Downside+0.7%

Implied EV$324.56B

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

Mult \ Net Debt	-$10.55B	-$8.55B	-$6.55B	-$4.55B	-$2.55B
44.1x	$188.98	$187.76	$186.53	$185.30	$184.08
46.1x	$197.26	$196.03	$194.80	$193.58	$192.35
48.1x	$205.53	$204.31	$203.08	$201.85	$200.63
50.1x	$213.81	$212.58	$211.35	$210.13	$208.90
52.1x	$222.08	$220.85	$219.63	$218.40	$217.17

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