CORT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($35.69)
DCF	$30.35	-15.0%
Graham Number	$10.62	-70.2%
Reverse DCF	—	implied g: 14.2%
DDM	—	—
EV/EBITDA	$35.69	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $114.19M

Near-term growth (yrs 1–5)(%)Rev: 11.1% / EPS: -21.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.01%

Computed WACC: 6.01%

Cost of equity (Re)6.02%(Rf 4.30% + β 0.31 × 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)99.84%

Debt weight (D/V)0.16%

Results

Intrinsic Value / share$55.01

Current Price$35.69

Upside / Downside+54.1%

Net Debt (used)-$366.05M

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

WACC \ Near-term	3.1%	7.1%	11.1%	15.1%	19.1%
7.0%	$31.45	$36.89	$43.17	$50.39	$58.65
8.0%	$26.20	$30.54	$35.56	$41.31	$47.90
9.0%	$22.57	$26.17	$30.31	$35.06	$40.48
10.0%	$19.92	$22.97	$26.47	$30.49	$35.07
11.0%	$17.90	$20.53	$23.55	$27.01	$30.95

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.82

Book Value / share($)Yahoo: $6.11

Results

Graham Number$10.62

Current Price$35.69

Margin of Safety-70.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.01%

Terminal growth rate(%)

Computed WACC: 6.01%

Cost of equity (Re)6.02%(Rf 4.30% + β 0.31 × 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)99.84%

Debt weight (D/V)0.16%

Results

Current Price$35.69

Implied Near-term FCF Growth3.7%

Historical Revenue Growth11.1%

Historical Earnings Growth-21.6%

Base FCF (TTM)$114.19M

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$35.69

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $45.95M

Target EV/EBITDA multipleCurrent: 74.7×

Net Debt($B)Default: -$366.05M

Results

Implied Equity Value / share$35.69

Current Price$35.69

Upside / Downside+0.0%

Implied EV$3.43B

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

Mult \ Net Debt	-$2.37B	-$1.37B	-$366.05M	$633.96M	$1.63B
70.7x	$52.76	$43.36	$33.96	$24.56	$15.16
72.7x	$53.63	$44.23	$34.83	$25.43	$16.02
74.7x	$54.49	$45.09	$35.69	$26.29	$16.89
76.7x	$55.36	$45.95	$36.55	$27.15	$17.75
78.7x	$56.22	$46.82	$37.42	$28.02	$18.62

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