CPRT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($38.31)
DCF	$23.95	-37.5%
Graham Number	$19.27	-49.7%
Reverse DCF	—	implied g: 14.8%
DDM	—	—
EV/EBITDA	$38.08	-0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.04B

Near-term growth (yrs 1–5)(%)Rev: -3.6% / EPS: -10.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.23%

Computed WACC: 10.23%

Cost of equity (Re)10.26%(Rf 4.30% + β 1.08 × 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)99.74%

Debt weight (D/V)0.26%

Results

Intrinsic Value / share$20.93

Current Price$38.31

Upside / Downside-45.4%

Net Debt (used)-$5.01B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$24.11	$27.94	$32.40	$37.55	$43.49
8.0%	$20.74	$23.82	$27.40	$31.54	$36.30
9.0%	$18.40	$20.97	$23.95	$27.39	$31.33
10.0%	$16.69	$18.88	$21.42	$24.34	$27.70
11.0%	$15.38	$17.28	$19.48	$22.01	$24.92

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.63

Book Value / share($)Yahoo: $10.12

Results

Graham Number$19.27

Current Price$38.31

Margin of Safety-49.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.23%

Terminal growth rate(%)

Computed WACC: 10.23%

Cost of equity (Re)10.26%(Rf 4.30% + β 1.08 × 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)99.74%

Debt weight (D/V)0.26%

Results

Current Price$38.31

Implied Near-term FCF Growth18.2%

Historical Revenue Growth-3.6%

Historical Earnings Growth-10.0%

Base FCF (TTM)$1.04B

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$38.31

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.94B

Target EV/EBITDA multipleCurrent: 16.4×

Net Debt($B)Default: -$5.01B

Results

Implied Equity Value / share$38.08

Current Price$38.31

Upside / Downside-0.6%

Implied EV$31.85B

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

Mult \ Net Debt	-$7.01B	-$6.01B	-$5.01B	-$4.01B	-$3.01B
12.4x	$32.11	$31.08	$30.04	$29.01	$27.98
14.4x	$36.13	$35.09	$34.06	$33.03	$31.99
16.4x	$40.14	$39.11	$38.08	$37.04	$36.01
18.4x	$44.16	$43.13	$42.09	$41.06	$40.03
20.4x	$48.18	$47.14	$46.11	$45.08	$44.04

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