CBU — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($60.55)
DCF	$-8.60	-114.2%
Graham Number	$58.32	-3.7%
Reverse DCF	—	—
DDM	$38.52	-36.4%
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: 10.7% / EPS: 9.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.01%

Computed WACC: 10.01%

Cost of equity (Re)8.73%(Rf 4.30% + β 0.81 × ERP 5.50%)

Cost of debt (Rd)19.46%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)80.71%

Debt weight (D/V)19.29%

Results

Intrinsic Value / share$-8.60

Current Price$60.55

Upside / Downside-114.2%

Net Debt (used)$453.22M

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

WACC \ Near-term	2.7%	6.7%	10.7%	14.7%	18.7%
7.0%	$-8.60	$-8.60	$-8.60	$-8.60	$-8.60
8.0%	$-8.60	$-8.60	$-8.60	$-8.60	$-8.60
9.0%	$-8.60	$-8.60	$-8.60	$-8.60	$-8.60
10.0%	$-8.60	$-8.60	$-8.60	$-8.60	$-8.60
11.0%	$-8.60	$-8.60	$-8.60	$-8.60	$-8.60

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.97

Book Value / share($)Yahoo: $38.08

Results

Graham Number$58.32

Current Price$60.55

Margin of Safety-3.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.01%

Terminal growth rate(%)

Computed WACC: 10.01%

Cost of equity (Re)8.73%(Rf 4.30% + β 0.81 × ERP 5.50%)

Cost of debt (Rd)19.46%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)80.71%

Debt weight (D/V)19.29%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$60.55

Implied Near-term FCF Growth—

Historical Revenue Growth10.7%

Historical Earnings Growth9.9%

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: $1.87

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$38.52

Current Price$60.55

Upside / Downside-36.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $453.22M

Results

Implied Equity Value / share$-8.60

Current Price$60.55

Upside / Downside-114.2%

Implied EV$0

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