CLB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($17.28)
DCF	$19.28	+11.6%
Graham Number	$9.57	-44.6%
Reverse DCF	—	implied g: 5.4%
DDM	$0.82	-95.2%
EV/EBITDA	$17.33	+0.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $52.63M

Near-term growth (yrs 1–5)(%)Rev: 7.0% / EPS: -3.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.04%

Computed WACC: 10.04%

Cost of equity (Re)10.72%(Rf 4.30% + β 1.17 × ERP 5.50%)

Cost of debt (Rd)8.41%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)83.17%

Debt weight (D/V)16.83%

Results

Intrinsic Value / share$16.10

Current Price$17.28

Upside / Downside-6.8%

Net Debt (used)$141.17M

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

WACC \ Near-term	-1.0%	3.0%	7.0%	11.0%	15.0%
7.0%	$19.73	$24.27	$29.54	$35.63	$42.63
8.0%	$15.60	$19.25	$23.47	$28.35	$33.95
9.0%	$12.74	$15.77	$19.28	$23.32	$27.95
10.0%	$10.65	$13.23	$16.21	$19.64	$23.57
11.0%	$9.05	$11.29	$13.87	$16.83	$20.22

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.68

Book Value / share($)Yahoo: $5.99

Results

Graham Number$9.57

Current Price$17.28

Margin of Safety-44.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.04%

Terminal growth rate(%)

Computed WACC: 10.04%

Cost of equity (Re)10.72%(Rf 4.30% + β 1.17 × ERP 5.50%)

Cost of debt (Rd)8.41%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)83.17%

Debt weight (D/V)16.83%

Results

Current Price$17.28

Implied Near-term FCF Growth8.0%

Historical Revenue Growth7.0%

Historical Earnings Growth-3.2%

Base FCF (TTM)$52.63M

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: $0.04

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$0.82

Current Price$17.28

Upside / Downside-95.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $71.12M

Target EV/EBITDA multipleCurrent: 13.3×

Net Debt($B)Default: $141.17M

Results

Implied Equity Value / share$17.33

Current Price$17.28

Upside / Downside+0.3%

Implied EV$948.13M

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

Mult \ Net Debt	-$1.86B	-$858.83M	$141.17M	$1.14B	$2.14B
9.3x	$54.17	$32.70	$11.22	$-10.26	$-31.73
11.3x	$57.23	$35.75	$14.28	$-7.20	$-28.68
13.3x	$60.28	$38.81	$17.33	$-4.15	$-25.62
15.3x	$63.34	$41.86	$20.38	$-1.09	$-22.57
17.3x	$66.39	$44.92	$23.44	$1.96	$-19.51

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