CPK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($137.21)
DCF	$-474.39	-445.7%
Graham Number	$92.05	-32.9%
Reverse DCF	—	—
DDM	$56.44	-58.9%
EV/EBITDA	$138.86	+1.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$216.02M

Near-term growth (yrs 1–5)(%)Rev: 20.4% / EPS: 21.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.02%

Computed WACC: 7.02%

Cost of equity (Re)8.50%(Rf 4.30% + β 0.76 × ERP 5.50%)

Cost of debt (Rd)5.18%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)66.60%

Debt weight (D/V)33.40%

Results

Intrinsic Value / share$-680.24

Current Price$137.21

Upside / Downside-595.8%

Net Debt (used)$1.63B

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

WACC \ Near-term	13.1%	17.1%	21.1%	25.1%	29.1%
7.0%	$-511.73	$-591.78	$-683.27	$-787.39	$-905.41
8.0%	$-423.33	$-486.69	$-559.04	$-641.32	$-734.54
9.0%	$-362.57	$-414.46	$-473.68	$-540.99	$-617.19
10.0%	$-318.35	$-361.93	$-411.62	$-468.05	$-531.91
11.0%	$-284.82	$-322.10	$-364.58	$-412.80	$-467.32

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $5.63

Book Value / share($)Yahoo: $66.89

Results

Graham Number$92.05

Current Price$137.21

Margin of Safety-32.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.02%

Terminal growth rate(%)

Computed WACC: 7.02%

Cost of equity (Re)8.50%(Rf 4.30% + β 0.76 × ERP 5.50%)

Cost of debt (Rd)5.18%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)66.60%

Debt weight (D/V)33.40%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$137.21

Implied Near-term FCF Growth—

Historical Revenue Growth20.4%

Historical Earnings Growth21.1%

Base FCF (TTM)-$216.02M

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: $2.74

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$56.44

Current Price$137.21

Upside / Downside-58.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $364.70M

Target EV/EBITDA multipleCurrent: 13.5×

Net Debt($B)Default: $1.63B

Results

Implied Equity Value / share$138.86

Current Price$137.21

Upside / Downside+1.2%

Implied EV$4.91B

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

Mult \ Net Debt	$1.63B	$1.63B	$1.63B	$1.63B	$1.63B
9.5x	$77.18	$77.18	$77.18	$77.18	$77.18
11.5x	$108.02	$108.02	$108.02	$108.02	$108.02
13.5x	$138.86	$138.86	$138.86	$138.86	$138.86
15.5x	$169.70	$169.70	$169.70	$169.70	$169.70
17.5x	$200.54	$200.54	$200.54	$200.54	$200.54

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