COHR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($288.90)
DCF	$415.20	+43.7%
Graham Number	$32.34	-88.8%
Reverse DCF	—	implied g: 65.4%
DDM	—	—
EV/EBITDA	$300.77	+4.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $130.36M

Near-term growth (yrs 1–5)(%)Rev: 17.5% / EPS: 73.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.89%

Computed WACC: 13.89%

Cost of equity (Re)14.80%(Rf 4.30% + β 1.91 × 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)93.85%

Debt weight (D/V)6.15%

Results

Intrinsic Value / share$175.31

Current Price$288.90

Upside / Downside-39.3%

Net Debt (used)$2.68B

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

WACC \ Near-term	65.0%	69.0%	73.0%	77.0%	81.0%
7.0%	$534.34	$603.66	$679.84	$763.37	$854.77
8.0%	$410.01	$463.52	$522.32	$586.79	$657.33
9.0%	$325.45	$368.22	$415.20	$466.71	$523.07
10.0%	$264.64	$299.68	$338.18	$380.37	$426.53
11.0%	$219.12	$248.38	$280.52	$315.74	$354.27

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.02

Book Value / share($)Yahoo: $45.56

Results

Graham Number$32.34

Current Price$288.90

Margin of Safety-88.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.89%

Terminal growth rate(%)

Computed WACC: 13.89%

Cost of equity (Re)14.80%(Rf 4.30% + β 1.91 × 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)93.85%

Debt weight (D/V)6.15%

Results

Current Price$288.90

Implied Near-term FCF Growth84.0%

Historical Revenue Growth17.5%

Historical Earnings Growth73.0%

Base FCF (TTM)$130.36M

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$288.90

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.21B

Target EV/EBITDA multipleCurrent: 48.9×

Net Debt($B)Default: $2.68B

Results

Implied Equity Value / share$300.77

Current Price$288.90

Upside / Downside+4.1%

Implied EV$59.07B

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

Mult \ Net Debt	$675.79M	$1.68B	$2.68B	$3.68B	$4.68B
44.9x	$285.66	$280.33	$275.00	$269.66	$264.33
46.9x	$298.55	$293.22	$287.88	$282.55	$277.22
48.9x	$311.44	$306.11	$300.77	$295.44	$290.11
50.9x	$324.33	$319.00	$313.66	$308.33	$302.99
52.9x	$337.22	$331.88	$326.55	$321.22	$315.88

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