CBSH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($51.74)
DCF	$9.75	-81.2%
Graham Number	$50.03	-3.3%
Reverse DCF	—	—
DDM	$22.66	-56.2%
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: 6.5% / EPS: 5.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.41%

Computed WACC: 5.41%

Cost of equity (Re)7.58%(Rf 4.30% + β 0.60 × 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)71.41%

Debt weight (D/V)28.59%

Results

Intrinsic Value / share$9.75

Current Price$51.74

Upside / Downside-81.2%

Net Debt (used)-$1.44B

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

WACC \ Near-term	-1.5%	2.5%	6.5%	10.5%	14.5%
7.0%	$9.75	$9.75	$9.75	$9.75	$9.75
8.0%	$9.75	$9.75	$9.75	$9.75	$9.75
9.0%	$9.75	$9.75	$9.75	$9.75	$9.75
10.0%	$9.75	$9.75	$9.75	$9.75	$9.75
11.0%	$9.75	$9.75	$9.75	$9.75	$9.75

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.04

Book Value / share($)Yahoo: $27.53

Results

Graham Number$50.03

Current Price$51.74

Margin of Safety-3.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.41%

Terminal growth rate(%)

Computed WACC: 5.41%

Cost of equity (Re)7.58%(Rf 4.30% + β 0.60 × 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)71.41%

Debt weight (D/V)28.59%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$51.74

Implied Near-term FCF Growth—

Historical Revenue Growth6.5%

Historical Earnings Growth5.0%

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: $1.10

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$22.66

Current Price$51.74

Upside / Downside-56.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$1.44B

Results

Implied Equity Value / share$9.75

Current Price$51.74

Upside / Downside-81.2%

Implied EV$0

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