CPS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($37.50)
DCF	$5.13	-86.3%
Graham Number	—	—
Reverse DCF	—	implied g: 12.2%
DDM	—	—
EV/EBITDA	$37.98	+1.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $62.18M

Near-term growth (yrs 1–5)(%)Rev: 1.8% / EPS: -91.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.30%

Computed WACC: 5.30%

Cost of equity (Re)14.87%(Rf 4.30% + β 1.92 × 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)35.67%

Debt weight (D/V)64.33%

Results

Intrinsic Value / share$87.95

Current Price$37.50

Upside / Downside+134.5%

Net Debt (used)$1.00B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$5.66	$18.29	$32.98	$49.97	$69.55
8.0%	$-5.44	$4.72	$16.52	$30.16	$45.86
9.0%	$-13.14	$-4.68	$5.13	$16.46	$29.48
10.0%	$-18.79	$-11.57	$-3.21	$6.42	$17.48
11.0%	$-23.12	$-16.85	$-9.59	$-1.25	$8.33

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.23

Book Value / share($)Yahoo: $-4.73

Results

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

Graham Number—

Current Price$37.50

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.30%

Terminal growth rate(%)

Computed WACC: 5.30%

Cost of equity (Re)14.87%(Rf 4.30% + β 1.92 × 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)35.67%

Debt weight (D/V)64.33%

Results

Current Price$37.50

Implied Near-term FCF Growth-1.4%

Historical Revenue Growth1.8%

Historical Earnings Growth-91.9%

Base FCF (TTM)$62.18M

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$37.50

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $201.39M

Target EV/EBITDA multipleCurrent: 8.3×

Net Debt($B)Default: $1.00B

Results

Implied Equity Value / share$37.98

Current Price$37.50

Upside / Downside+1.3%

Implied EV$1.67B

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

Mult \ Net Debt	$1.00B	$1.00B	$1.00B	$1.00B	$1.00B
4.3x	$-7.70	$-7.70	$-7.70	$-7.70	$-7.70
6.3x	$15.14	$15.14	$15.14	$15.14	$15.14
8.3x	$37.98	$37.98	$37.98	$37.98	$37.98
10.3x	$60.81	$60.81	$60.81	$60.81	$60.81
12.3x	$83.65	$83.65	$83.65	$83.65	$83.65

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