BIP

BIP — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($38.94)
DCF$-45269.74-116355.1%
Graham Number$14.65-62.4%
Reverse DCF
DDM$37.49-3.7%
EV/EBITDA$105.37+170.6%

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$-45200.52
Current Price$38.94
Upside / Downside-116177.3%
Net Debt (used)$61.30B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term98.3%102.3%106.3%110.3%114.3%
7.0%$-60849.61$-67209.12$-74091.12$-81527.18$-89550.11
8.0%$-46722.31$-51598.73$-56875.61$-62577.14$-68728.46
9.0%$-37141.36$-41012.08$-45200.52$-49725.86$-54608.05
10.0%$-30273.17$-33423.04$-36831.33$-40513.63$-44486.17
11.0%$-25148.29$-27760.36$-30586.62$-33639.98$-36933.87

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.90
Yahoo: $10.61

Results

Graham Number$14.65
Current Price$38.94
Margin of Safety-62.4%
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$38.94
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: $1.82

Results

DDM Intrinsic Value / share$37.49
Current Price$38.94
Upside / Downside-3.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $9.82B
Current: 11.2×
Default: $61.30B

Results

Implied Equity Value / share$105.37
Current Price$38.94
Upside / Downside+170.6%
Implied EV$109.90B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$31.30B$46.30B$61.30B$76.30B$91.30B
7.2x$85.23$52.71$20.19$-12.33$-44.85
9.2x$127.82$95.30$62.78$30.26$-2.26
11.2x$170.41$137.89$105.37$72.85$40.33
13.2x$213.00$180.48$147.96$115.44$82.92
15.2x$255.59$223.07$190.55$158.03$125.51