AS

AS — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($37.89)
DCF$8551724795.69+22569872678.3%
Graham Number$11.35-70.1%
Reverse DCFimplied g: 19.9%
DDM
EV/EBITDA$38.23+0.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $533.64M
Rev: 28.5% / EPS: 998.7%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$8555281069.35
Current Price$37.89
Upside / Downside+22579258462.5%
Net Debt (used)$1.10B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term990.7%994.7%998.7%1002.7%1006.7%
7.0%$14017907231.89$14276843696.53$14539592528.10$14806195670.11$15076695372.57
8.0%$10569537827.74$10764776572.88$10962889852.13$11163909290.98$11367866746.07
9.0%$8248314841.36$8400676333.00$8555281069.35$8712153730.48$8871319176.85
10.0%$6597934751.14$6719810690.55$6843481030.47$6968965512.84$7096284023.84
11.0%$5377320142.38$5476649087.85$5577440470.47$5679710379.91$5783475023.41

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.55
Yahoo: $10.40

Results

Graham Number$11.35
Current Price$37.89
Margin of Safety-70.1%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$37.89
Implied Near-term FCF Growth19.9%
Historical Revenue Growth28.5%
Historical Earnings Growth998.7%
Base FCF (TTM)$533.64M
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: —

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$37.89
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $930.20M
Current: 24.0×
Default: $1.10B

Results

Implied Equity Value / share$38.23
Current Price$37.89
Upside / Downside+0.9%
Implied EV$22.30B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.10B$1.10B$1.10B$1.10B$1.10B
20.0x$31.52$31.52$31.52$31.52$31.52
22.0x$34.87$34.87$34.87$34.87$34.87
24.0x$38.23$38.23$38.23$38.23$38.23
26.0x$41.58$41.58$41.58$41.58$41.58
28.0x$44.94$44.94$44.94$44.94$44.94