CALX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($53.12)
DCF	$151.94	+186.0%
Graham Number	$8.65	-83.7%
Reverse DCF	—	implied g: 12.1%
DDM	—	—
EV/EBITDA	$53.12	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $117.15M

Near-term growth (yrs 1–5)(%)Rev: 32.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.61%

Computed WACC: 12.61%

Cost of equity (Re)12.67%(Rf 4.30% + β 1.52 × 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)99.56%

Debt weight (D/V)0.44%

Results

Intrinsic Value / share$89.36

Current Price$53.12

Upside / Downside+68.2%

Net Debt (used)-$372.51M

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

WACC \ Near-term	24.2%	28.2%	32.2%	36.2%	40.2%
7.0%	$173.03	$200.91	$232.44	$267.95	$307.84
8.0%	$138.04	$159.92	$184.65	$212.51	$243.78
9.0%	$114.06	$131.85	$151.94	$174.56	$199.94
10.0%	$96.69	$111.51	$128.24	$147.06	$168.18
11.0%	$83.57	$96.15	$110.35	$126.31	$144.22

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.26

Book Value / share($)Yahoo: $12.80

Results

Graham Number$8.65

Current Price$53.12

Margin of Safety-83.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.61%

Terminal growth rate(%)

Computed WACC: 12.61%

Cost of equity (Re)12.67%(Rf 4.30% + β 1.52 × 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)99.56%

Debt weight (D/V)0.44%

Results

Current Price$53.12

Implied Near-term FCF Growth21.3%

Historical Revenue Growth32.2%

Historical Earnings Growth—

Base FCF (TTM)$117.15M

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$53.12

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $38.70M

Target EV/EBITDA multipleCurrent: 80.4×

Net Debt($B)Default: -$372.51M

Results

Implied Equity Value / share$53.12

Current Price$53.12

Upside / Downside-0.0%

Implied EV$3.11B

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

Mult \ Net Debt	-$2.37B	-$1.37B	-$372.51M	$627.49M	$1.63B
76.4x	$81.24	$66.00	$50.76	$35.52	$20.28
78.4x	$82.42	$67.18	$51.94	$36.70	$21.46
80.4x	$83.60	$68.36	$53.12	$37.88	$22.64
82.4x	$84.78	$69.54	$54.30	$39.06	$23.82
84.4x	$85.96	$70.72	$55.48	$40.24	$25.00

← Overview Financial Statements ← Companies