COF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($194.32)
DCF	$8.54	-95.6%
Graham Number	$114.57	-41.0%
Reverse DCF	—	—
DDM	$65.92	-66.1%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 51.6% / EPS: 22.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.30%

Computed WACC: 7.30%

Cost of equity (Re)10.48%(Rf 4.30% + β 1.12 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)69.63%

Debt weight (D/V)30.37%

Results

Intrinsic Value / share$8.54

Current Price$194.32

Upside / Downside-95.6%

Net Debt (used)-$5.34B

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

WACC \ Near-term	43.6%	47.6%	51.6%	55.6%	59.6%
7.0%	$8.54	$8.54	$8.54	$8.54	$8.54
8.0%	$8.54	$8.54	$8.54	$8.54	$8.54
9.0%	$8.54	$8.54	$8.54	$8.54	$8.54
10.0%	$8.54	$8.54	$8.54	$8.54	$8.54
11.0%	$8.54	$8.54	$8.54	$8.54	$8.54

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.37

Book Value / share($)Yahoo: $173.11

Results

Graham Number$114.57

Current Price$194.32

Margin of Safety-41.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.30%

Terminal growth rate(%)

Computed WACC: 7.30%

Cost of equity (Re)10.48%(Rf 4.30% + β 1.12 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)69.63%

Debt weight (D/V)30.37%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$194.32

Implied Near-term FCF Growth—

Historical Revenue Growth51.6%

Historical Earnings Growth22.2%

Base FCF (TTM)—

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: $3.20

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$65.92

Current Price$194.32

Upside / Downside-66.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$5.34B

Results

Implied Equity Value / share$8.54

Current Price$194.32

Upside / Downside-95.6%

Implied EV$0

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