ATMU — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($65.57)
DCF	$32.26	-50.8%
Graham Number	$16.16	-75.4%
Reverse DCF	—	implied g: 32.7%
DDM	$4.53	-93.1%
EV/EBITDA	$65.57	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $68.06M

Near-term growth (yrs 1–5)(%)Rev: 9.8% / EPS: 21.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.61%

Computed WACC: 11.61%

Cost of equity (Re)12.94%(Rf 4.30% + β 1.57 × 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)89.71%

Debt weight (D/V)10.29%

Results

Intrinsic Value / share$20.19

Current Price$65.57

Upside / Downside-69.2%

Net Debt (used)$376.60M

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

WACC \ Near-term	13.0%	17.0%	21.0%	25.0%	29.0%
7.0%	$35.71	$43.00	$51.34	$60.83	$71.58
8.0%	$27.66	$33.43	$40.03	$47.53	$56.02
9.0%	$22.13	$26.86	$32.26	$38.39	$45.33
10.0%	$18.11	$22.08	$26.60	$31.75	$37.57
11.0%	$15.05	$18.45	$22.32	$26.72	$31.69

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.50

Book Value / share($)Yahoo: $4.64

Results

Graham Number$16.16

Current Price$65.57

Margin of Safety-75.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.61%

Terminal growth rate(%)

Computed WACC: 11.61%

Cost of equity (Re)12.94%(Rf 4.30% + β 1.57 × 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)89.71%

Debt weight (D/V)10.29%

Results

Current Price$65.57

Implied Near-term FCF Growth41.0%

Historical Revenue Growth9.8%

Historical Earnings Growth21.0%

Base FCF (TTM)$68.06M

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: $0.22

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$4.53

Current Price$65.57

Upside / Downside-93.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $310.70M

Target EV/EBITDA multipleCurrent: 18.4×

Net Debt($B)Default: $376.60M

Results

Implied Equity Value / share$65.57

Current Price$65.57

Upside / Downside+0.0%

Implied EV$5.72B

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

Mult \ Net Debt	-$1.62B	-$623.40M	$376.60M	$1.38B	$2.38B
14.4x	$74.86	$62.59	$50.32	$38.06	$25.79
16.4x	$82.48	$70.22	$57.95	$45.68	$33.41
18.4x	$90.11	$77.84	$65.57	$53.30	$41.03
20.4x	$97.73	$85.46	$73.20	$60.93	$48.66
22.4x	$105.36	$93.09	$80.82	$68.55	$56.28

← Overview Financial Statements ← Companies