BFAM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($74.87)
DCF	$70.05	-6.4%
Graham Number	$42.79	-42.8%
Reverse DCF	—	implied g: 9.6%
DDM	—	—
EV/EBITDA	$72.96	-2.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $254.45M

Near-term growth (yrs 1–5)(%)Rev: 8.8% / EPS: -23.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.54%

Computed WACC: 8.54%

Cost of equity (Re)12.07%(Rf 4.30% + β 1.41 × 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)70.75%

Debt weight (D/V)29.25%

Results

Intrinsic Value / share$77.95

Current Price$74.87

Upside / Downside+4.1%

Net Debt (used)$1.62B

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

WACC \ Near-term	0.8%	4.8%	8.8%	12.8%	16.8%
7.0%	$73.01	$93.06	$116.27	$143.03	$173.73
8.0%	$54.30	$70.35	$88.93	$110.31	$134.82
9.0%	$41.36	$54.67	$70.05	$87.73	$107.97
10.0%	$31.88	$43.19	$56.24	$71.22	$88.36
11.0%	$24.65	$34.43	$45.70	$58.64	$73.41

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.38

Book Value / share($)Yahoo: $24.08

Results

Graham Number$42.79

Current Price$74.87

Margin of Safety-42.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.54%

Terminal growth rate(%)

Computed WACC: 8.54%

Cost of equity (Re)12.07%(Rf 4.30% + β 1.41 × 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)70.75%

Debt weight (D/V)29.25%

Results

Current Price$74.87

Implied Near-term FCF Growth8.3%

Historical Revenue Growth8.8%

Historical Earnings Growth-23.6%

Base FCF (TTM)$254.45M

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$74.87

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $456.83M

Target EV/EBITDA multipleCurrent: 12.6×

Net Debt($B)Default: $1.62B

Results

Implied Equity Value / share$72.96

Current Price$74.87

Upside / Downside-2.5%

Implied EV$5.74B

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

Mult \ Net Debt	$1.62B	$1.62B	$1.62B	$1.62B	$1.62B
8.6x	$40.65	$40.65	$40.65	$40.65	$40.65
10.6x	$56.81	$56.81	$56.81	$56.81	$56.81
12.6x	$72.96	$72.96	$72.96	$72.96	$72.96
14.6x	$89.12	$89.12	$89.12	$89.12	$89.12
16.6x	$105.27	$105.27	$105.27	$105.27	$105.27

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