CPA

CPA — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($132.01)
DCF$-222.30-268.4%
Graham Number$156.99+18.9%
Reverse DCF
DDM$140.90+6.7%
EV/EBITDA$180.30+36.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$250.13M
Rev: 9.6% / EPS: 5.3%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-222.30
Current Price$132.01
Upside / Downside-268.4%
Net Debt (used)$966.80M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term1.6%5.6%9.6%13.6%17.6%
7.0%$-228.86$-267.48$-312.16$-363.62$-422.60
8.0%$-192.37$-223.28$-259.00$-300.09$-347.14
9.0%$-167.16$-192.75$-222.30$-256.25$-295.08
10.0%$-148.71$-170.43$-195.47$-224.21$-257.06
11.0%$-134.63$-153.40$-175.02$-199.81$-228.12

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $16.28
Yahoo: $67.29

Results

Graham Number$156.99
Current Price$132.01
Margin of Safety+18.9%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$132.01
Implied Near-term FCF Growth
Historical Revenue Growth9.6%
Historical Earnings Growth5.3%
Base FCF (TTM)-$250.13M
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

Yahoo: $6.84

Results

DDM Intrinsic Value / share$140.90
Current Price$132.01
Upside / Downside+6.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.12B
Current: 5.7×
Default: $966.80M

Results

Implied Equity Value / share$180.30
Current Price$132.01
Upside / Downside+36.6%
Implied EV$6.41B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.03B-$33.20M$966.80M$1.97B$2.97B
1.7x$98.42$65.30$32.19$-0.92$-34.03
3.7x$172.47$139.36$106.25$73.13$40.02
5.7x$246.52$213.41$180.30$147.19$114.07
7.7x$320.58$287.47$254.35$221.24$188.13
9.7x$394.63$361.52$328.41$295.29$262.18