BLD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($438.95)
DCF	$282.15	-35.7%
Graham Number	$191.58	-56.4%
Reverse DCF	—	implied g: 19.1%
DDM	—	—
EV/EBITDA	$437.60	-0.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $384.63M

Near-term growth (yrs 1–5)(%)Rev: 13.2% / EPS: -27.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.97%

Computed WACC: 10.97%

Cost of equity (Re)13.77%(Rf 4.30% + β 1.72 × 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)79.67%

Debt weight (D/V)20.33%

Results

Intrinsic Value / share$184.09

Current Price$438.95

Upside / Downside-58.1%

Net Debt (used)$2.97B

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

WACC \ Near-term	5.2%	9.2%	13.2%	17.2%	21.2%
7.0%	$303.08	$381.29	$471.42	$574.82	$692.90
8.0%	$225.24	$287.59	$359.37	$441.63	$535.50
9.0%	$171.56	$223.00	$282.15	$349.88	$427.11
10.0%	$132.35	$175.84	$225.81	$282.96	$348.07
11.0%	$102.50	$139.96	$182.95	$232.08	$288.01

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $19.66

Book Value / share($)Yahoo: $82.97

Results

Graham Number$191.58

Current Price$438.95

Margin of Safety-56.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.97%

Terminal growth rate(%)

Computed WACC: 10.97%

Cost of equity (Re)13.77%(Rf 4.30% + β 1.72 × 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)79.67%

Debt weight (D/V)20.33%

Results

Current Price$438.95

Implied Near-term FCF Growth24.8%

Historical Revenue Growth13.2%

Historical Earnings Growth-27.1%

Base FCF (TTM)$384.63M

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$438.95

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.02B

Target EV/EBITDA multipleCurrent: 15.0×

Net Debt($B)Default: $2.97B

Results

Implied Equity Value / share$437.60

Current Price$438.95

Upside / Downside-0.3%

Implied EV$15.25B

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

Mult \ Net Debt	$966.44M	$1.97B	$2.97B	$3.97B	$4.97B
11.0x	$364.03	$328.41	$292.79	$257.16	$221.54
13.0x	$436.44	$400.82	$365.19	$329.57	$293.95
15.0x	$508.85	$473.23	$437.60	$401.98	$366.36
17.0x	$581.26	$545.63	$510.01	$474.39	$438.76
19.0x	$653.66	$618.04	$582.42	$546.80	$511.17

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