CCI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($89.53)
DCF	$-12.33	-113.8%
Graham Number	—	—
Reverse DCF	—	implied g: 23.2%
DDM	$87.55	-2.2%
EV/EBITDA	$89.53	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.37B

Near-term growth (yrs 1–5)(%)Rev: -4.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.79%

Computed WACC: 6.79%

Cost of equity (Re)9.53%(Rf 4.30% + β 0.95 × ERP 5.50%)

Cost of debt (Rd)4.02%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)56.91%

Debt weight (D/V)43.09%

Results

Intrinsic Value / share$16.48

Current Price$89.53

Upside / Downside-81.6%

Net Debt (used)$29.47B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-11.85	$-0.58	$12.52	$27.70	$45.17
8.0%	$-21.77	$-12.70	$-2.16	$10.01	$24.02
9.0%	$-28.64	$-21.09	$-12.33	$-2.22	$9.40
10.0%	$-33.68	$-27.24	$-19.78	$-11.18	$-1.30
11.0%	$-37.54	$-31.95	$-25.47	$-18.02	$-9.48

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.52

Book Value / share($)Yahoo: $-3.76

Results

Graham Number requires positive EPS and positive Book Value per share. BVPS is zero or negative.

Graham Number—

Current Price$89.53

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.79%

Terminal growth rate(%)

Computed WACC: 6.79%

Cost of equity (Re)9.53%(Rf 4.30% + β 0.95 × ERP 5.50%)

Cost of debt (Rd)4.02%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)56.91%

Debt weight (D/V)43.09%

Results

Current Price$89.53

Implied Near-term FCF Growth15.2%

Historical Revenue Growth-4.3%

Historical Earnings Growth—

Base FCF (TTM)$1.37B

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: $4.25

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$87.55

Current Price$89.53

Upside / Downside-2.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.78B

Target EV/EBITDA multipleCurrent: 24.7×

Net Debt($B)Default: $29.47B

Results

Implied Equity Value / share$89.53

Current Price$89.53

Upside / Downside+0.0%

Implied EV$68.51B

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

Mult \ Net Debt	$15.47B	$22.47B	$29.47B	$36.47B	$43.47B
20.7x	$96.17	$80.12	$64.07	$48.01	$31.96
22.7x	$108.90	$92.85	$76.80	$60.75	$44.69
24.7x	$121.64	$105.58	$89.53	$73.48	$57.43
26.7x	$134.37	$118.32	$102.26	$86.21	$70.16
28.7x	$147.10	$131.05	$114.99	$98.94	$82.89

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