CHD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($103.85)
DCF	$75.92	-26.9%
Graham Number	$33.91	-67.4%
Reverse DCF	—	implied g: 9.9%
DDM	$25.34	-75.6%
EV/EBITDA	$104.86	+1.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.14B

Near-term growth (yrs 1–5)(%)Rev: 3.9% / EPS: -20.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.57%

Computed WACC: 6.57%

Cost of equity (Re)6.87%(Rf 4.30% + β 0.47 × ERP 5.50%)

Cost of debt (Rd)4.32%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)91.28%

Debt weight (D/V)8.72%

Results

Intrinsic Value / share$126.84

Current Price$103.85

Upside / Downside+22.1%

Net Debt (used)$1.97B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$76.64	$93.83	$113.82	$136.96	$163.61
8.0%	$61.52	$75.35	$91.42	$109.99	$131.35
9.0%	$51.04	$62.56	$75.92	$91.34	$109.05
10.0%	$43.35	$53.18	$64.56	$77.67	$92.73
11.0%	$37.46	$46.00	$55.87	$67.24	$80.26

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.02

Book Value / share($)Yahoo: $16.92

Results

Graham Number$33.91

Current Price$103.85

Margin of Safety-67.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.57%

Terminal growth rate(%)

Computed WACC: 6.57%

Cost of equity (Re)6.87%(Rf 4.30% + β 0.47 × ERP 5.50%)

Cost of debt (Rd)4.32%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)91.28%

Debt weight (D/V)8.72%

Results

Current Price$103.85

Implied Near-term FCF Growth2.1%

Historical Revenue Growth3.9%

Historical Earnings Growth-20.8%

Base FCF (TTM)$1.14B

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: $1.23

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$25.34

Current Price$103.85

Upside / Downside-75.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.38B

Target EV/EBITDA multipleCurrent: 19.4×

Net Debt($B)Default: $1.97B

Results

Implied Equity Value / share$104.86

Current Price$103.85

Upside / Downside+1.0%

Implied EV$26.79B

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

Mult \ Net Debt	$1.97B	$1.97B	$1.97B	$1.97B	$1.97B
15.4x	$81.50	$81.50	$81.50	$81.50	$81.50
17.4x	$93.18	$93.18	$93.18	$93.18	$93.18
19.4x	$104.86	$104.86	$104.86	$104.86	$104.86
21.4x	$116.54	$116.54	$116.54	$116.54	$116.54
23.4x	$128.22	$128.22	$128.22	$128.22	$128.22

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