CIGI

CIGI — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($116.55)
DCF$89.08-23.6%
Graham Number$36.93-68.3%
Reverse DCFimplied g: 10.3%
DDM$6.18-94.7%
EV/EBITDA$145.97+25.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $326.24M
Rev: 7.0% / EPS: -18.5%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$89.08
Current Price$116.55
Upside / Downside-23.6%
Net Debt (used)$2.02B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-1.0%3.0%7.0%11.0%15.0%
7.0%$91.68$118.11$148.78$184.20$224.91
8.0%$67.67$88.89$113.48$141.85$174.41
9.0%$51.06$68.69$89.08$112.58$139.53
10.0%$38.89$53.89$71.22$91.17$114.02
11.0%$29.58$42.58$57.59$74.83$94.57

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.02
Yahoo: $30.00

Results

Graham Number$36.93
Current Price$116.55
Margin of Safety-68.3%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$116.55
Implied Near-term FCF Growth10.3%
Historical Revenue Growth7.0%
Historical Earnings Growth-18.5%
Base FCF (TTM)$326.24M
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

Yahoo: $0.30

Results

DDM Intrinsic Value / share$6.18
Current Price$116.55
Upside / Downside-94.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $657.54M
Current: 14.1×
Default: $2.02B

Results

Implied Equity Value / share$145.97
Current Price$116.55
Upside / Downside+25.2%
Implied EV$9.26B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$19.88M$1.02B$2.02B$3.02B$4.02B
10.1x$133.27$113.11$92.96$72.80$52.65
12.1x$159.77$139.62$119.46$99.31$79.15
14.1x$186.28$166.12$145.97$125.81$105.66
16.1x$212.78$192.63$172.47$152.32$132.16
18.1x$239.29$219.13$198.98$178.82$158.67