B

B — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($50.74)
DCF$30041.83+59107.4%
Graham Number$32.33-36.3%
Reverse DCFimplied g: 7.7%
DDM$34.61-31.8%
EV/EBITDA$56.33+11.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $4.05B
Rev: 64.5% / EPS: 150.0%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$30041.83
Current Price$50.74
Upside / Downside+59107.4%
Net Debt (used)-$1.50B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term142.0%146.0%150.0%154.0%158.0%
7.0%$42368.05$45984.03$49842.85$53956.54$58337.54
8.0%$32330.97$35089.64$38033.55$41171.87$44514.08
9.0%$25538.53$27717.05$30041.83$32520.11$35159.37
10.0%$20680.80$22444.45$24326.47$26332.74$28469.30
11.0%$17065.36$18520.24$20072.75$21727.73$23490.18

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.93
Yahoo: $15.85

Results

Graham Number$32.33
Current Price$50.74
Margin of Safety-36.3%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$50.74
Implied Near-term FCF Growth7.7%
Historical Revenue Growth64.5%
Historical Earnings Growth150.0%
Base FCF (TTM)$4.05B
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: $1.68

Results

DDM Intrinsic Value / share$34.61
Current Price$50.74
Upside / Downside-31.8%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $9.90B
Current: 9.4×
Default: -$1.50B

Results

Implied Equity Value / share$56.33
Current Price$50.74
Upside / Downside+11.0%
Implied EV$92.87B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.50B-$1.50B-$1.50B-$1.50B-$1.50B
5.4x$32.68$32.68$32.68$32.68$32.68
7.4x$44.50$44.50$44.50$44.50$44.50
9.4x$56.33$56.33$56.33$56.33$56.33
11.4x$68.15$68.15$68.15$68.15$68.15
13.4x$79.97$79.97$79.97$79.97$79.97