CASH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($91.49)
DCF	$12.61	-86.2%
Graham Number	$84.38	-7.8%
Reverse DCF	—	—
DDM	$4.12	-95.5%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 3.6% / EPS: 27.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.18%

Computed WACC: 8.18%

Cost of equity (Re)8.41%(Rf 4.30% + β 0.75 × 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)97.30%

Debt weight (D/V)2.70%

Results

Intrinsic Value / share$12.61

Current Price$91.49

Upside / Downside-86.2%

Net Debt (used)-$274.49M

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

WACC \ Near-term	19.7%	23.7%	27.7%	31.7%	35.7%
7.0%	$12.61	$12.61	$12.61	$12.61	$12.61
8.0%	$12.61	$12.61	$12.61	$12.61	$12.61
9.0%	$12.61	$12.61	$12.61	$12.61	$12.61
10.0%	$12.61	$12.61	$12.61	$12.61	$12.61
11.0%	$12.61	$12.61	$12.61	$12.61	$12.61

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $8.21

Book Value / share($)Yahoo: $38.55

Results

Graham Number$84.38

Current Price$91.49

Margin of Safety-7.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.18%

Terminal growth rate(%)

Computed WACC: 8.18%

Cost of equity (Re)8.41%(Rf 4.30% + β 0.75 × 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)97.30%

Debt weight (D/V)2.70%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$91.49

Implied Near-term FCF Growth—

Historical Revenue Growth3.6%

Historical Earnings Growth27.7%

Base FCF (TTM)—

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: $0.20

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$4.12

Current Price$91.49

Upside / Downside-95.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$274.49M

Results

Implied Equity Value / share$12.61

Current Price$91.49

Upside / Downside-86.2%

Implied EV$0

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