CMCO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($19.10)
DCF	$602.02	+3051.9%
Graham Number	$12.39	-35.1%
Reverse DCF	—	implied g: -0.6%
DDM	$5.77	-69.8%
EV/EBITDA	$18.76	-1.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $82.29M

Near-term growth (yrs 1–5)(%)Rev: 10.5% / EPS: 50.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.44%

Computed WACC: 8.44%

Cost of equity (Re)11.48%(Rf 4.30% + β 1.30 × ERP 5.50%)

Cost of debt (Rd)6.64%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)51.20%

Debt weight (D/V)48.80%

Results

Intrinsic Value / share$677.06

Current Price$19.10

Upside / Downside+3444.8%

Net Debt (used)$487.62M

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

WACC \ Near-term	42.9%	46.9%	50.9%	54.9%	58.9%
7.0%	$733.06	$842.44	$964.31	$1099.69	$1249.71
8.0%	$568.48	$653.54	$748.29	$853.53	$970.11
9.0%	$456.21	$524.69	$600.95	$685.63	$779.43
10.0%	$375.21	$431.73	$494.66	$564.52	$641.89
11.0%	$314.34	$361.88	$414.80	$473.54	$538.57

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.21

Book Value / share($)Yahoo: $32.49

Results

Graham Number$12.39

Current Price$19.10

Margin of Safety-35.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.44%

Terminal growth rate(%)

Computed WACC: 8.44%

Cost of equity (Re)11.48%(Rf 4.30% + β 1.30 × ERP 5.50%)

Cost of debt (Rd)6.64%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)51.20%

Debt weight (D/V)48.80%

Results

Current Price$19.10

Implied Near-term FCF Growth-2.1%

Historical Revenue Growth10.5%

Historical Earnings Growth50.9%

Base FCF (TTM)$82.29M

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: $0.28

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$5.77

Current Price$19.10

Upside / Downside-69.8%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $156.44M

Target EV/EBITDA multipleCurrent: 6.6×

Net Debt($B)Default: $487.62M

Results

Implied Equity Value / share$18.76

Current Price$19.10

Upside / Downside-1.8%

Implied EV$1.03B

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

Mult \ Net Debt	-$1.51B	-$512.38M	$487.62M	$1.49B	$2.49B
2.6x	$66.58	$31.79	$-3.01	$-37.81	$-72.60
4.6x	$77.47	$42.67	$7.88	$-26.92	$-61.71
6.6x	$88.35	$53.56	$18.76	$-16.03	$-50.83
8.6x	$99.24	$64.45	$29.65	$-5.14	$-39.94
10.6x	$110.13	$75.33	$40.54	$5.74	$-29.05

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