BIP-PA

BIP-PA — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($17.09)
DCF$-20880229322017.20-122178053376444.1%
Graham Number$16.77-1.9%
Reverse DCF
DDM$26.37+54.3%
EV/EBITDA$38533809364.99+225475771491.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$8.25B
Rev: 15.8% / EPS: 106.3%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-20848302827808.08
Current Price$17.09
Upside / Downside-121991239484056.0%
Net Debt (used)$61.30B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term98.3%102.3%106.3%110.3%114.3%
7.0%$-28066296343836.90$-30999559154134.23$-34173814803978.61$-37603624180114.31$-41304123376120.25
8.0%$-21550214978005.31$-23799415907627.57$-26233325247524.22$-28863099755664.58$-31700336822808.89
9.0%$-17131094166472.77$-18916426166183.29$-20848302827808.08$-22935572886474.25$-25187434472756.13
10.0%$-13963206801561.25$-15416054135678.73$-16988094430151.64$-18686522401548.86$-20518816781621.93
11.0%$-11599406931672.92$-12804199795704.88$-14107781824482.85$-15516113977648.64$-17035392465242.98

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.18
Yahoo: $10.61

Results

Graham Number$16.77
Current Price$17.09
Margin of Safety-1.9%
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$17.09
Implied Near-term FCF Growth
Historical Revenue Growth15.8%
Historical Earnings Growth106.3%
Base FCF (TTM)-$8.25B
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: $1.28

Results

DDM Intrinsic Value / share$26.37
Current Price$17.09
Upside / Downside+54.3%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $9.82B
Current: 10.2×
Default: $61.30B

Results

Implied Equity Value / share$38533809364.99
Current Price$17.09
Upside / Downside+225475771491.5%
Implied EV$99.83B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$31.30B$46.30B$61.30B$76.30B$91.30B
6.2x$29245808852.99$14245808852.99$-754191147.01$-15754191147.01$-30754191147.01
8.2x$48889809108.99$33889809108.99$18889809108.99$3889809108.99$-11110190891.01
10.2x$68533809364.99$53533809364.99$38533809364.99$23533809364.99$8533809364.99
12.2x$88177809620.99$73177809620.99$58177809620.99$43177809620.99$28177809620.99
14.2x$107821809876.99$92821809876.99$77821809876.99$62821809876.99$47821809876.99