BN

BN — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($42.28)
DCF$-110.13-360.5%
Graham Number$14.67-65.3%
Reverse DCF
DDM$5.77-86.4%
EV/EBITDA$98.49+133.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: 3.5% / EPS: 79.7%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-110.13
Current Price$42.28
Upside / Downside-360.5%
Net Debt (used)$247.18B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term71.7%75.7%79.7%83.7%87.7%
7.0%$-110.13$-110.13$-110.13$-110.13$-110.13
8.0%$-110.13$-110.13$-110.13$-110.13$-110.13
9.0%$-110.13$-110.13$-110.13$-110.13$-110.13
10.0%$-110.13$-110.13$-110.13$-110.13$-110.13
11.0%$-110.13$-110.13$-110.13$-110.13$-110.13

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.49
Yahoo: $19.51

Results

Graham Number$14.67
Current Price$42.28
Margin of Safety-65.3%
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$42.28
Implied Near-term FCF Growth
Historical Revenue Growth3.5%
Historical Earnings Growth79.7%
Base FCF (TTM)
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: $0.28

Results

DDM Intrinsic Value / share$5.77
Current Price$42.28
Upside / Downside-86.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $30.85B
Current: 15.2×
Default: $247.18B

Results

Implied Equity Value / share$98.49
Current Price$42.28
Upside / Downside+133.0%
Implied EV$468.24B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$123.18B$185.18B$247.18B$309.18B$371.18B
11.2x$98.77$71.14$43.52$15.90$-11.73
13.2x$126.25$98.63$71.01$43.38$15.76
15.2x$153.74$126.11$98.49$70.87$43.25
17.2x$181.22$153.60$125.98$98.35$70.73
19.2x$208.71$181.09$153.46$125.84$98.22