COTY — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.43)
DCF	$4.39	+80.6%
Graham Number	—	—
Reverse DCF	—	implied g: -0.1%
DDM	—	—
EV/EBITDA	$2.94	+21.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $381.14M

Near-term growth (yrs 1–5)(%)Rev: 0.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.67%

Computed WACC: 3.67%

Cost of equity (Re)9.28%(Rf 4.30% + β 0.91 × 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)39.59%

Debt weight (D/V)60.41%

Results

Intrinsic Value / share$39.48

Current Price$2.43

Upside / Downside+1523.9%

Net Debt (used)$2.83B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$4.46	$6.01	$7.81	$9.90	$12.30
8.0%	$3.09	$4.34	$5.79	$7.47	$9.39
9.0%	$2.15	$3.19	$4.39	$5.78	$7.38
10.0%	$1.45	$2.34	$3.37	$4.55	$5.91
11.0%	$0.92	$1.69	$2.58	$3.61	$4.78

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.62

Book Value / share($)Yahoo: $4.02

Results

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

Graham Number—

Current Price$2.43

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.67%

Terminal growth rate(%)

Computed WACC: 3.67%

Cost of equity (Re)9.28%(Rf 4.30% + β 0.91 × 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)39.59%

Debt weight (D/V)60.41%

Results

Current Price$2.43

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth0.5%

Historical Earnings Growth—

Base FCF (TTM)$381.14M

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$2.43

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $804.60M

Target EV/EBITDA multipleCurrent: 6.7×

Net Debt($B)Default: $2.83B

Results

Implied Equity Value / share$2.94

Current Price$2.43

Upside / Downside+21.1%

Implied EV$5.42B

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

Mult \ Net Debt	$827.10M	$1.83B	$2.83B	$3.83B	$4.83B
2.7x	$1.56	$0.42	$-0.71	$-1.85	$-2.99
4.7x	$3.39	$2.25	$1.12	$-0.02	$-1.16
6.7x	$5.22	$4.08	$2.94	$1.81	$0.67
8.7x	$7.05	$5.91	$4.77	$3.64	$2.50
10.7x	$8.87	$7.74	$6.60	$5.47	$4.33

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