BOOT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($185.38)
DCF	$-9.81	-105.3%
Graham Number	$81.41	-56.1%
Reverse DCF	—	implied g: 83.7%
DDM	—	—
EV/EBITDA	$185.38	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $6.18M

Near-term growth (yrs 1–5)(%)Rev: 16.0% / EPS: 14.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.00%

Computed WACC: 12.00%

Cost of equity (Re)13.50%(Rf 4.30% + β 1.67 × 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)88.92%

Debt weight (D/V)11.08%

Results

Intrinsic Value / share$-12.17

Current Price$185.38

Upside / Downside-106.6%

Net Debt (used)$503.99M

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

WACC \ Near-term	8.0%	12.0%	16.0%	20.0%	24.0%
7.0%	$-9.35	$-7.99	$-6.44	$-4.66	$-2.63
8.0%	$-10.75	$-9.67	$-8.44	$-7.02	$-5.42
9.0%	$-11.71	$-10.83	$-9.81	$-8.65	$-7.33
10.0%	$-12.42	$-11.67	$-10.81	$-9.84	$-8.73
11.0%	$-12.95	$-12.31	$-11.58	$-10.74	$-9.79

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $6.99

Book Value / share($)Yahoo: $42.14

Results

Graham Number$81.41

Current Price$185.38

Margin of Safety-56.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.00%

Terminal growth rate(%)

Computed WACC: 12.00%

Cost of equity (Re)13.50%(Rf 4.30% + β 1.67 × 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)88.92%

Debt weight (D/V)11.08%

Results

Current Price$185.38

Implied Near-term FCF Growth97.0%

Historical Revenue Growth16.0%

Historical Earnings Growth14.8%

Base FCF (TTM)$6.18M

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$185.38

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $365.34M

Target EV/EBITDA multipleCurrent: 16.8×

Net Debt($B)Default: $503.99M

Results

Implied Equity Value / share$185.38

Current Price$185.38

Upside / Downside+0.0%

Implied EV$6.14B

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

Mult \ Net Debt	-$1.50B	-$496.01M	$503.99M	$1.50B	$2.50B
12.8x	$203.09	$170.22	$137.35	$104.47	$71.60
14.8x	$227.11	$194.24	$161.37	$128.49	$95.62
16.8x	$251.13	$218.26	$185.38	$152.51	$119.64
18.8x	$275.15	$242.28	$209.40	$176.53	$143.66
20.8x	$299.17	$266.30	$233.42	$200.55	$167.68

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