ASX

ASX — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($24.20)
DCF$-10794.71-44706.2%
Graham Number$5.70-76.4%
Reverse DCF
DDM$7.42-69.4%
EV/EBITDA$60.36+149.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$79.16B
Rev: 9.6% / EPS: 57.3%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-10776.35
Current Price$24.20
Upside / Downside-44630.4%
Net Debt (used)$171.63B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term49.3%53.3%57.3%61.3%65.3%
7.0%$-13279.85$-15123.83$-17169.29$-19432.33$-21929.92
8.0%$-10350.27$-11780.69$-13367.13$-15122.04$-17058.56
9.0%$-8353.85$-9502.56$-10776.35$-12185.18$-13739.56
10.0%$-6915.01$-7860.82$-8909.41$-10068.97$-11348.12
11.0%$-5835.15$-6628.77$-7508.45$-8481.06$-9553.81

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.57
Yahoo: $2.53

Results

Graham Number$5.70
Current Price$24.20
Margin of Safety-76.4%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$24.20
Implied Near-term FCF Growth
Historical Revenue Growth9.6%
Historical Earnings Growth57.3%
Base FCF (TTM)-$79.16B
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: $0.36

Results

DDM Intrinsic Value / share$7.42
Current Price$24.20
Upside / Downside-69.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $118.20B
Current: 2.6×
Default: $171.63B

Results

Implied Equity Value / share$60.36
Current Price$24.20
Upside / Downside+149.4%
Implied EV$303.65B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$85.63B$128.63B$171.63B$214.63B$257.63B
-1.4x$-116.49$-136.15$-155.81$-175.47$-195.13
0.6x$-8.40$-28.06$-47.72$-67.39$-87.05
2.6x$99.69$80.02$60.36$40.70$21.04
4.6x$207.77$188.11$168.45$148.79$129.13
6.6x$315.86$296.20$276.54$256.88$237.22