COHU — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($29.55)
DCF	$77.41	+161.9%
Graham Number	—	—
Reverse DCF	—	implied g: 11.5%
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $48.08M

Near-term growth (yrs 1–5)(%)Rev: 29.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.41%

Computed WACC: 9.41%

Cost of equity (Re)11.41%(Rf 4.30% + β 1.29 × ERP 5.50%)

Cost of debt (Rd)1.31%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)80.72%

Debt weight (D/V)19.28%

Results

Intrinsic Value / share$71.98

Current Price$29.55

Upside / Downside+143.6%

Net Debt (used)-$153.11M

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

WACC \ Near-term	21.9%	25.9%	29.9%	33.9%	37.9%
7.0%	$87.22	$101.44	$117.55	$135.74	$156.21
8.0%	$69.81	$80.99	$93.65	$107.94	$124.01
9.0%	$57.88	$66.97	$77.28	$88.89	$101.95
10.0%	$49.22	$56.81	$65.40	$75.09	$85.97
11.0%	$42.68	$49.14	$56.44	$64.66	$73.90

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.59

Book Value / share($)Yahoo: $16.77

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$29.55

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.41%

Terminal growth rate(%)

Computed WACC: 9.41%

Cost of equity (Re)11.41%(Rf 4.30% + β 1.29 × ERP 5.50%)

Cost of debt (Rd)1.31%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)80.72%

Debt weight (D/V)19.28%

Results

Current Price$29.55

Implied Near-term FCF Growth12.6%

Historical Revenue Growth29.9%

Historical Earnings Growth—

Base FCF (TTM)$48.08M

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$29.55

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$10.24M

Target EV/EBITDA multipleCurrent: -127.7×

Net Debt($B)Default: -$153.11M

Results

Implied Equity Value / share$31.15

Current Price$29.55

Upside / Downside+5.4%

Implied EV$1.31B

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