CAVA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($77.03)
DCF	$-8.41	-110.9%
Graham Number	$9.03	-88.3%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$78.49	+1.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$20.63M

Near-term growth (yrs 1–5)(%)Rev: 20.9% / EPS: -94.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.46%

Computed WACC: 15.46%

Cost of equity (Re)16.27%(Rf 4.30% + β 2.18 × 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)95.06%

Debt weight (D/V)4.94%

Results

Intrinsic Value / share$-4.04

Current Price$77.03

Upside / Downside-105.2%

Net Debt (used)$73.22M

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

WACC \ Near-term	12.9%	16.9%	20.9%	24.9%	28.9%
7.0%	$-9.12	$-10.66	$-12.42	$-14.42	$-16.69
8.0%	$-7.43	$-8.65	$-10.04	$-11.62	$-13.41
9.0%	$-6.27	$-7.26	$-8.40	$-9.69	$-11.16
10.0%	$-5.42	$-6.26	$-7.21	$-8.30	$-9.52
11.0%	$-4.78	$-5.49	$-6.31	$-7.24	$-8.28

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.54

Book Value / share($)Yahoo: $6.71

Results

Graham Number$9.03

Current Price$77.03

Margin of Safety-88.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.46%

Terminal growth rate(%)

Computed WACC: 15.46%

Cost of equity (Re)16.27%(Rf 4.30% + β 2.18 × 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)95.06%

Debt weight (D/V)4.94%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$77.03

Implied Near-term FCF Growth—

Historical Revenue Growth20.9%

Historical Earnings Growth-94.0%

Base FCF (TTM)-$20.63M

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$77.03

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $133.87M

Target EV/EBITDA multipleCurrent: 68.8×

Net Debt($B)Default: $73.22M

Results

Implied Equity Value / share$78.49

Current Price$77.03

Upside / Downside+1.9%

Implied EV$9.21B

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

Mult \ Net Debt	-$1.93B	-$926.78M	$73.22M	$1.07B	$2.07B
64.8x	$91.07	$82.48	$73.89	$65.30	$56.70
66.8x	$93.37	$84.78	$76.19	$67.60	$59.00
68.8x	$95.67	$87.08	$78.49	$69.90	$61.30
70.8x	$97.98	$89.38	$80.79	$72.20	$63.60
72.8x	$100.28	$91.68	$83.09	$74.50	$65.91

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