BLKB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($48.96)
DCF	$40.27	-17.8%
Graham Number	$9.97	-79.6%
Reverse DCF	—	implied g: 7.2%
DDM	—	—
EV/EBITDA	$48.24	-1.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $166.87M

Near-term growth (yrs 1–5)(%)Rev: -2.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.59%

Computed WACC: 8.59%

Cost of equity (Re)10.34%(Rf 4.30% + β 1.10 × ERP 5.50%)

Cost of debt (Rd)6.21%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)67.67%

Debt weight (D/V)32.33%

Results

Intrinsic Value / share$44.61

Current Price$48.96

Upside / Downside-8.9%

Net Debt (used)$1.08B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$40.82	$53.82	$68.96	$86.47	$106.65
8.0%	$29.37	$39.84	$52.00	$66.06	$82.23
9.0%	$21.44	$30.16	$40.27	$51.94	$65.35
10.0%	$15.61	$23.05	$31.67	$41.60	$52.99
11.0%	$11.16	$17.62	$25.09	$33.70	$43.56

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.39

Book Value / share($)Yahoo: $1.85

Results

Graham Number$9.97

Current Price$48.96

Margin of Safety-79.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.59%

Terminal growth rate(%)

Computed WACC: 8.59%

Cost of equity (Re)10.34%(Rf 4.30% + β 1.10 × ERP 5.50%)

Cost of debt (Rd)6.21%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)67.67%

Debt weight (D/V)32.33%

Results

Current Price$48.96

Implied Near-term FCF Growth6.0%

Historical Revenue Growth-2.3%

Historical Earnings Growth—

Base FCF (TTM)$166.87M

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$48.96

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $259.97M

Target EV/EBITDA multipleCurrent: 12.7×

Net Debt($B)Default: $1.08B

Results

Implied Equity Value / share$48.24

Current Price$48.96

Upside / Downside-1.5%

Implied EV$3.30B

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

Mult \ Net Debt	$1.08B	$1.08B	$1.08B	$1.08B	$1.08B
8.7x	$25.60	$25.60	$25.60	$25.60	$25.60
10.7x	$36.92	$36.92	$36.92	$36.92	$36.92
12.7x	$48.24	$48.24	$48.24	$48.24	$48.24
14.7x	$59.56	$59.56	$59.56	$59.56	$59.56
16.7x	$70.88	$70.88	$70.88	$70.88	$70.88

← Overview Financial Statements ← Companies