CNI

CNI — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($110.55)
DCF$64.58-41.6%
Graham Number$56.63-48.8%
Reverse DCFimplied g: 18.0%
DDM$55.62-49.7%
EV/EBITDA$113.01+2.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $2.38B
Rev: 2.4% / EPS: 11.4%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$64.58
Current Price$110.55
Upside / Downside-41.6%
Net Debt (used)$21.28B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term3.4%7.4%11.4%15.4%19.4%
7.0%$68.98$89.09$112.32$139.01$169.55
8.0%$49.47$65.54$84.07$105.34$129.66
9.0%$36.01$49.28$64.58$82.12$102.16
10.0%$26.16$37.41$50.35$65.18$82.10
11.0%$18.66$28.36$39.51$52.28$66.84

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $5.54
Yahoo: $25.73

Results

Graham Number$56.63
Current Price$110.55
Margin of Safety-48.8%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$110.55
Implied Near-term FCF Growth18.0%
Historical Revenue Growth2.4%
Historical Earnings Growth11.4%
Base FCF (TTM)$2.38B
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: $2.70

Results

DDM Intrinsic Value / share$55.62
Current Price$110.55
Upside / Downside-49.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $9.06B
Current: 10.0×
Default: $21.28B

Results

Implied Equity Value / share$113.01
Current Price$110.55
Upside / Downside+2.2%
Implied EV$90.37B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$11.28B$16.28B$21.28B$26.28B$31.28B
6.0x$70.09$61.91$53.73$45.55$37.37
8.0x$99.73$91.55$83.37$75.19$67.01
10.0x$129.37$121.19$113.01$104.83$96.65
12.0x$159.01$150.83$142.65$134.47$126.29
14.0x$188.65$180.47$172.29$164.11$155.93