CPNG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($19.83)
DCF	$13.53	-31.8%
Graham Number	$3.54	-82.1%
Reverse DCF	—	implied g: 18.0%
DDM	—	—
EV/EBITDA	$20.90	+5.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $843.50M

Near-term growth (yrs 1–5)(%)Rev: 10.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.66%

Computed WACC: 9.66%

Cost of equity (Re)10.90%(Rf 4.30% + β 1.20 × 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)88.66%

Debt weight (D/V)11.34%

Results

Intrinsic Value / share$12.32

Current Price$19.83

Upside / Downside-37.9%

Net Debt (used)-$1.68B

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

WACC \ Near-term	2.9%	6.9%	10.9%	14.9%	18.9%
7.0%	$14.08	$16.62	$19.55	$22.93	$26.80
8.0%	$11.63	$13.66	$16.00	$18.70	$21.77
9.0%	$9.94	$11.62	$13.55	$15.77	$18.31
10.0%	$8.70	$10.12	$11.76	$13.64	$15.79
11.0%	$7.76	$8.99	$10.40	$12.02	$13.86

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.22

Book Value / share($)Yahoo: $2.54

Results

Graham Number$3.54

Current Price$19.83

Margin of Safety-82.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.66%

Terminal growth rate(%)

Computed WACC: 9.66%

Cost of equity (Re)10.90%(Rf 4.30% + β 1.20 × 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)88.66%

Debt weight (D/V)11.34%

Results

Current Price$19.83

Implied Near-term FCF Growth20.0%

Historical Revenue Growth10.9%

Historical Earnings Growth—

Base FCF (TTM)$843.50M

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$19.83

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.01B

Target EV/EBITDA multipleCurrent: 32.7×

Net Debt($B)Default: -$1.68B

Results

Implied Equity Value / share$20.90

Current Price$19.83

Upside / Downside+5.4%

Implied EV$33.20B

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

Mult \ Net Debt	-$1.68B	-$1.68B	-$1.68B	-$1.68B	-$1.68B
28.7x	$18.47	$18.47	$18.47	$18.47	$18.47
30.7x	$19.69	$19.69	$19.69	$19.69	$19.69
32.7x	$20.90	$20.90	$20.90	$20.90	$20.90
34.7x	$22.12	$22.12	$22.12	$22.12	$22.12
36.7x	$23.33	$23.33	$23.33	$23.33	$23.33

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