CENTA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($33.02)
DCF	$72.18	+118.6%
Graham Number	$37.35	+13.1%
Reverse DCF	—	implied g: -5.3%
DDM	—	—
EV/EBITDA	$41.62	+26.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $249.88M

Near-term growth (yrs 1–5)(%)Rev: -6.0% / EPS: -47.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.84%

Computed WACC: 5.84%

Cost of equity (Re)7.21%(Rf 4.30% + β 0.53 × ERP 5.50%)

Cost of debt (Rd)4.84%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)59.48%

Debt weight (D/V)40.52%

Results

Intrinsic Value / share$154.55

Current Price$33.02

Upside / Downside+368.0%

Net Debt (used)$704.91M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$72.92	$90.46	$110.86	$134.48	$161.68
8.0%	$57.48	$71.60	$88.00	$106.95	$128.76
9.0%	$46.79	$58.54	$72.18	$87.91	$106.00
10.0%	$38.94	$48.97	$60.58	$73.97	$89.33
11.0%	$32.93	$41.64	$51.71	$63.31	$76.61

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.45

Book Value / share($)Yahoo: $25.30

Results

Graham Number$37.35

Current Price$33.02

Margin of Safety+13.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.84%

Terminal growth rate(%)

Computed WACC: 5.84%

Cost of equity (Re)7.21%(Rf 4.30% + β 0.53 × ERP 5.50%)

Cost of debt (Rd)4.84%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)59.48%

Debt weight (D/V)40.52%

Results

Current Price$33.02

Implied Near-term FCF Growth-14.2%

Historical Revenue Growth-6.0%

Historical Earnings Growth-47.6%

Base FCF (TTM)$249.88M

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$33.02

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $345.97M

Target EV/EBITDA multipleCurrent: 8.2×

Net Debt($B)Default: $704.91M

Results

Implied Equity Value / share$41.62

Current Price$33.02

Upside / Downside+26.1%

Implied EV$2.83B

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

Mult \ Net Debt	-$1.30B	-$295.09M	$704.91M	$1.70B	$2.70B
4.2x	$53.70	$34.10	$14.50	$-5.11	$-24.71
6.2x	$67.26	$47.66	$28.06	$8.46	$-11.14
8.2x	$80.83	$61.23	$41.62	$22.02	$2.42
10.2x	$94.39	$74.79	$55.19	$35.58	$15.98
12.2x	$107.95	$88.35	$68.75	$49.15	$29.55

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