APO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($106.45)
DCF	$-6.69	-106.3%
Graham Number	$68.73	-35.4%
Reverse DCF	—	—
DDM	$42.02	-60.5%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 87.7% / EPS: -57.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.32%

Computed WACC: 9.32%

Cost of equity (Re)12.90%(Rf 4.30% + β 1.56 × ERP 5.50%)

Cost of debt (Rd)5.16%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)59.37%

Debt weight (D/V)40.63%

Results

Intrinsic Value / share$-6.69

Current Price$106.45

Upside / Downside-106.3%

Net Debt (used)$3.87B

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

WACC \ Near-term	79.7%	83.7%	87.7%	91.7%	95.7%
7.0%	$-6.69	$-6.69	$-6.69	$-6.69	$-6.69
8.0%	$-6.69	$-6.69	$-6.69	$-6.69	$-6.69
9.0%	$-6.69	$-6.69	$-6.69	$-6.69	$-6.69
10.0%	$-6.69	$-6.69	$-6.69	$-6.69	$-6.69
11.0%	$-6.69	$-6.69	$-6.69	$-6.69	$-6.69

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $5.54

Book Value / share($)Yahoo: $37.90

Results

Graham Number$68.73

Current Price$106.45

Margin of Safety-35.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.32%

Terminal growth rate(%)

Computed WACC: 9.32%

Cost of equity (Re)12.90%(Rf 4.30% + β 1.56 × ERP 5.50%)

Cost of debt (Rd)5.16%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)59.37%

Debt weight (D/V)40.63%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$106.45

Implied Near-term FCF Growth—

Historical Revenue Growth87.7%

Historical Earnings Growth-57.3%

Base FCF (TTM)—

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: $2.04

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$42.02

Current Price$106.45

Upside / Downside-60.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $3.87B

Results

Implied Equity Value / share$-6.69

Current Price$106.45

Upside / Downside-106.3%

Implied EV$0

← Overview Financial Statements ← Companies