CAG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($19.18)
DCF	$13.07	-31.9%
Graham Number	—	—
Reverse DCF	—	implied g: 8.3%
DDM	$28.84	+50.4%
EV/EBITDA	$19.18	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $787.69M

Near-term growth (yrs 1–5)(%)Rev: -6.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.29%

Computed WACC: 2.29%

Cost of equity (Re)4.20%(Rf 4.30% + β -0.02 × 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)54.62%

Debt weight (D/V)45.38%

Results

Intrinsic Value / share—

Current Price$19.18

Upside / Downside—

Net Debt (used)$7.58B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$13.32	$19.21	$26.07	$34.01	$43.16
8.0%	$8.13	$12.87	$18.39	$24.76	$32.09
9.0%	$4.53	$8.49	$13.07	$18.36	$24.44
10.0%	$1.89	$5.27	$9.17	$13.67	$18.84
11.0%	$-0.13	$2.80	$6.19	$10.09	$14.56

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.21

Book Value / share($)Yahoo: $16.91

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$19.18

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.29%

Terminal growth rate(%)

Computed WACC: 2.29%

Cost of equity (Re)4.20%(Rf 4.30% + β -0.02 × 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)54.62%

Debt weight (D/V)45.38%

Results

Current Price$19.18

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-6.8%

Historical Earnings Growth—

Base FCF (TTM)$787.69M

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: $1.40

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$28.84

Current Price$19.18

Upside / Downside+50.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.81B

Target EV/EBITDA multipleCurrent: 9.2×

Net Debt($B)Default: $7.58B

Results

Implied Equity Value / share$19.18

Current Price$19.18

Upside / Downside-0.0%

Implied EV$16.75B

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

Mult \ Net Debt	$3.58B	$5.58B	$7.58B	$9.58B	$11.58B
5.2x	$12.39	$8.21	$4.03	$-0.15	$-4.33
7.2x	$19.96	$15.78	$11.60	$7.42	$3.24
9.2x	$27.54	$23.36	$19.18	$15.00	$10.82
11.2x	$35.12	$30.94	$26.75	$22.57	$18.39
13.2x	$42.69	$38.51	$34.33	$30.15	$25.97

← Overview Financial Statements ← Companies