CFR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($140.21)
DCF	$60.73	-56.7%
Graham Number	$125.02	-10.8%
Reverse DCF	—	—
DDM	$82.40	-41.2%
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: 9.5% / EPS: 8.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.88%

Computed WACC: 4.88%

Cost of equity (Re)7.73%(Rf 4.30% + β 0.62 × 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)63.14%

Debt weight (D/V)36.86%

Results

Intrinsic Value / share$60.73

Current Price$140.21

Upside / Downside-56.7%

Net Debt (used)-$3.84B

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

WACC \ Near-term	1.5%	5.5%	9.5%	13.5%	17.5%
7.0%	$60.73	$60.73	$60.73	$60.73	$60.73
8.0%	$60.73	$60.73	$60.73	$60.73	$60.73
9.0%	$60.73	$60.73	$60.73	$60.73	$60.73
10.0%	$60.73	$60.73	$60.73	$60.73	$60.73
11.0%	$60.73	$60.73	$60.73	$60.73	$60.73

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $9.93

Book Value / share($)Yahoo: $69.96

Results

Graham Number$125.02

Current Price$140.21

Margin of Safety-10.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.88%

Terminal growth rate(%)

Computed WACC: 4.88%

Cost of equity (Re)7.73%(Rf 4.30% + β 0.62 × 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)63.14%

Debt weight (D/V)36.86%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$140.21

Implied Near-term FCF Growth—

Historical Revenue Growth9.5%

Historical Earnings Growth8.5%

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: $4.00

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$82.40

Current Price$140.21

Upside / Downside-41.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$3.84B

Results

Implied Equity Value / share$60.73

Current Price$140.21

Upside / Downside-56.7%

Implied EV$0

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