BLBD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($56.60)
DCF	$95.73	+69.1%
Graham Number	$27.63	-51.2%
Reverse DCF	—	implied g: -0.3%
DDM	—	—
EV/EBITDA	$57.62	+1.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $127.19M

Near-term growth (yrs 1–5)(%)Rev: 6.1% / EPS: 9.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.80%

Computed WACC: 11.80%

Cost of equity (Re)12.07%(Rf 4.30% + β 1.41 × ERP 5.50%)

Cost of debt (Rd)8.22%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)95.25%

Debt weight (D/V)4.75%

Results

Intrinsic Value / share$67.03

Current Price$56.60

Upside / Downside+18.4%

Net Debt (used)-$152.59M

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

WACC \ Near-term	1.3%	5.3%	9.3%	13.3%	17.3%
7.0%	$98.88	$117.37	$138.78	$163.43	$191.70
8.0%	$81.48	$96.29	$113.40	$133.09	$155.65
9.0%	$69.46	$81.72	$95.88	$112.15	$130.78
10.0%	$60.66	$71.06	$83.07	$96.85	$112.61
11.0%	$53.94	$62.94	$73.31	$85.19	$98.77

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.96

Book Value / share($)Yahoo: $8.57

Results

Graham Number$27.63

Current Price$56.60

Margin of Safety-51.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.80%

Terminal growth rate(%)

Computed WACC: 11.80%

Cost of equity (Re)12.07%(Rf 4.30% + β 1.41 × ERP 5.50%)

Cost of debt (Rd)8.22%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)95.25%

Debt weight (D/V)4.75%

Results

Current Price$56.60

Implied Near-term FCF Growth6.0%

Historical Revenue Growth6.1%

Historical Earnings Growth9.3%

Base FCF (TTM)$127.19M

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$56.60

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $186.89M

Target EV/EBITDA multipleCurrent: 8.9×

Net Debt($B)Default: -$152.59M

Results

Implied Equity Value / share$57.62

Current Price$56.60

Upside / Downside+1.8%

Implied EV$1.67B

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

Mult \ Net Debt	-$2.15B	-$1.15B	-$152.59M	$847.41M	$1.85B
4.9x	$97.27	$65.61	$33.96	$2.31	$-29.35
6.9x	$109.10	$77.44	$45.79	$14.14	$-17.52
8.9x	$120.93	$89.28	$57.62	$25.97	$-5.69
10.9x	$132.76	$101.11	$69.45	$37.80	$6.15
12.9x	$144.59	$112.94	$81.29	$49.63	$17.98

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