BXC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($64.88)
DCF	$-15.37	-123.7%
Graham Number	$55.43	-14.6%
Reverse DCF	—	implied g: 32.6%
DDM	—	—
EV/EBITDA	$64.89	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $9.53M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.58%

Computed WACC: 9.58%

Cost of equity (Re)13.37%(Rf 4.30% + β 1.65 × ERP 5.50%)

Cost of debt (Rd)8.49%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)43.17%

Debt weight (D/V)56.83%

Results

Intrinsic Value / share$-17.14

Current Price$64.88

Upside / Downside-126.4%

Net Debt (used)$288.14M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-15.19	$-10.85	$-5.81	$0.03	$6.76
8.0%	$-19.01	$-15.52	$-11.46	$-6.78	$-1.38
9.0%	$-21.65	$-18.74	$-15.37	$-11.48	$-7.01
10.0%	$-23.59	$-21.11	$-18.24	$-14.93	$-11.13
11.0%	$-25.08	$-22.92	$-20.43	$-17.56	$-14.28

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.74

Book Value / share($)Yahoo: $78.47

Results

Graham Number$55.43

Current Price$64.88

Margin of Safety-14.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.58%

Terminal growth rate(%)

Computed WACC: 9.58%

Cost of equity (Re)13.37%(Rf 4.30% + β 1.65 × ERP 5.50%)

Cost of debt (Rd)8.49%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)43.17%

Debt weight (D/V)56.83%

Results

Current Price$64.88

Implied Near-term FCF Growth34.6%

Historical Revenue Growth0.7%

Historical Earnings Growth—

Base FCF (TTM)$9.53M

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$64.88

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $68.45M

Target EV/EBITDA multipleCurrent: 11.7×

Net Debt($B)Default: $288.14M

Results

Implied Equity Value / share$64.89

Current Price$64.88

Upside / Downside+0.0%

Implied EV$798.52M

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

Mult \ Net Debt	-$1.71B	-$711.86M	$288.14M	$1.29B	$2.29B
7.7x	$284.37	$157.22	$30.08	$-97.07	$-224.21
9.7x	$301.77	$174.63	$47.48	$-79.66	$-206.80
11.7x	$319.18	$192.04	$64.89	$-62.25	$-189.40
13.7x	$336.59	$209.44	$82.30	$-44.85	$-171.99
15.7x	$354.00	$226.85	$99.71	$-27.44	$-154.58

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