COMP — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($10.06)
DCF	$18.86	+87.5%
Graham Number	—	—
Reverse DCF	—	implied g: 12.4%
DDM	—	—
EV/EBITDA	$7.94	-21.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $276.65M

Near-term growth (yrs 1–5)(%)Rev: 23.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 17.32%

Computed WACC: 17.32%

Cost of equity (Re)18.45%(Rf 4.30% + β 2.57 × 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)93.87%

Debt weight (D/V)6.13%

Results

Intrinsic Value / share$6.63

Current Price$10.06

Upside / Downside-34.1%

Net Debt (used)$277.20M

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

WACC \ Near-term	15.1%	19.1%	23.1%	27.1%	31.1%
7.0%	$20.89	$24.68	$29.01	$33.92	$39.47
8.0%	$16.60	$19.60	$23.01	$26.88	$31.26
9.0%	$13.65	$16.10	$18.89	$22.06	$25.63
10.0%	$11.51	$13.56	$15.90	$18.55	$21.54
11.0%	$9.89	$11.64	$13.63	$15.89	$18.45

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.11

Book Value / share($)Yahoo: $1.39

Results

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

Graham Number—

Current Price$10.06

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 17.32%

Terminal growth rate(%)

Computed WACC: 17.32%

Cost of equity (Re)18.45%(Rf 4.30% + β 2.57 × 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)93.87%

Debt weight (D/V)6.13%

Results

Current Price$10.06

Implied Near-term FCF Growth31.4%

Historical Revenue Growth23.1%

Historical Earnings Growth—

Base FCF (TTM)$276.65M

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$10.06

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $76.00M

Target EV/EBITDA multipleCurrent: 78.3×

Net Debt($B)Default: $277.20M

Results

Implied Equity Value / share$7.94

Current Price$10.06

Upside / Downside-21.0%

Implied EV$5.95B

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

Mult \ Net Debt	-$1.72B	-$722.80M	$277.20M	$1.28B	$2.28B
74.3x	$10.32	$8.92	$7.52	$6.12	$4.72
76.3x	$10.53	$9.13	$7.73	$6.33	$4.93
78.3x	$10.75	$9.34	$7.94	$6.54	$5.14
80.3x	$10.96	$9.56	$8.16	$6.76	$5.36
82.3x	$11.17	$9.77	$8.37	$6.97	$5.57

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