ARW — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($149.96)
DCF	$-3298.26	-2299.4%
Graham Number	$178.07	+18.7%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$151.40	+1.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$82.66M

Near-term growth (yrs 1–5)(%)Rev: 20.1% / EPS: 100.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.82%

Computed WACC: 6.82%

Cost of equity (Re)9.77%(Rf 4.30% + β 0.99 × 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)69.76%

Debt weight (D/V)30.24%

Results

Intrinsic Value / share$-5639.67

Current Price$149.96

Upside / Downside-3860.8%

Net Debt (used)$3.04B

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

WACC \ Near-term	92.5%	96.5%	100.5%	104.5%	108.5%
7.0%	$-4382.20	$-4848.95	$-5355.23	$-5903.47	$-6496.26
8.0%	$-3379.91	$-3738.14	$-4126.70	$-4547.45	$-5002.36
9.0%	$-2699.90	$-2984.53	$-3293.22	$-3627.48	$-3988.87
10.0%	$-2212.22	$-2444.06	$-2695.50	$-2967.74	$-3262.07
11.0%	$-1848.16	$-2040.60	$-2249.29	$-2475.25	$-2719.53

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $10.93

Book Value / share($)Yahoo: $128.94

Results

Graham Number$178.07

Current Price$149.96

Margin of Safety+18.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.82%

Terminal growth rate(%)

Computed WACC: 6.82%

Cost of equity (Re)9.77%(Rf 4.30% + β 0.99 × 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)69.76%

Debt weight (D/V)30.24%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$149.96

Implied Near-term FCF Growth—

Historical Revenue Growth20.1%

Historical Earnings Growth100.5%

Base FCF (TTM)-$82.66M

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$149.96

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.06B

Target EV/EBITDA multipleCurrent: 10.2×

Net Debt($B)Default: $3.04B

Results

Implied Equity Value / share$151.40

Current Price$149.96

Upside / Downside+1.0%

Implied EV$10.78B

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

Mult \ Net Debt	$1.04B	$2.04B	$3.04B	$4.04B	$5.04B
6.2x	$107.87	$88.29	$68.72	$49.14	$29.57
8.2x	$149.21	$129.63	$110.06	$90.48	$70.91
10.2x	$190.55	$170.97	$151.40	$131.83	$112.25
12.2x	$231.89	$212.32	$192.74	$173.17	$153.59
14.2x	$273.23	$253.66	$234.08	$214.51	$194.93

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