BRK-A — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($720000.00)
DCF	$1690222.72	+134.8%
Graham Number	$725669.08	+0.8%
Reverse DCF	—	implied g: -20.0%
DDM	—	—
EV/EBITDA	$2086120.96	+189.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $36.80B

Near-term growth (yrs 1–5)(%)Rev: -0.7% / EPS: -2.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.49%

Computed WACC: 7.49%

Cost of equity (Re)8.08%(Rf 4.30% + β 0.69 × ERP 5.50%)

Cost of debt (Rd)3.74%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)88.44%

Debt weight (D/V)11.56%

Results

Intrinsic Value / share$2068515.84

Current Price$720000.00

Upside / Downside+187.3%

Net Debt (used)-$237.94B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$1700834.77	$1952781.72	$2245892.51	$2585135.43	$2975866.86
8.0%	$1479143.97	$1681930.98	$1917492.11	$2189762.81	$2502985.00
9.0%	$1325521.01	$1494374.05	$1690222.72	$1916292.00	$2176057.27
10.0%	$1212744.57	$1356795.22	$1523628.49	$1715952.10	$1936683.40
11.0%	$1126403.09	$1251556.68	$1396291.78	$1562923.71	$1753946.53

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $46934.00

Book Value / share($)Yahoo: $498663.00

Results

Graham Number$725669.08

Current Price$720000.00

Margin of Safety+0.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.49%

Terminal growth rate(%)

Computed WACC: 7.49%

Cost of equity (Re)8.08%(Rf 4.30% + β 0.69 × ERP 5.50%)

Cost of debt (Rd)3.74%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)88.44%

Debt weight (D/V)11.56%

Results

Current Price$720000.00

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-0.7%

Historical Earnings Growth-2.5%

Base FCF (TTM)$36.80B

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$720000.00

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $110.59B

Target EV/EBITDA multipleCurrent: 7.7×

Net Debt($B)Default: -$237.94B

Results

Implied Equity Value / share$2086120.96

Current Price$720000.00

Upside / Downside+189.7%

Implied EV$853.12B

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

Mult \ Net Debt	-$355.94B	-$296.94B	-$237.94B	-$178.94B	-$119.94B
3.7x	$1465911.03	$1353102.48	$1240293.93	$1127485.38	$1014676.83
5.7x	$1888824.54	$1776015.99	$1663207.44	$1550398.89	$1437590.34
7.7x	$2311738.06	$2198929.51	$2086120.96	$1973312.41	$1860503.86
9.7x	$2734651.57	$2621843.02	$2509034.47	$2396225.92	$2283417.37
11.7x	$3157565.09	$3044756.54	$2931947.99	$2819139.44	$2706330.89

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