CRH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($114.30)
DCF	$499.58	+337.1%
Graham Number	$66.71	-41.6%
Reverse DCF	—	implied g: 23.3%
DDM	$30.90	-73.0%
EV/EBITDA	$119.62	+4.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.84B

Near-term growth (yrs 1–5)(%)Rev: 6.2% / EPS: 48.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.68%

Computed WACC: 8.68%

Cost of equity (Re)10.92%(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)79.54%

Debt weight (D/V)20.46%

Results

Intrinsic Value / share$534.66

Current Price$114.30

Upside / Downside+367.8%

Net Debt (used)$15.61B

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

WACC \ Near-term	40.4%	44.4%	48.4%	52.4%	56.4%
7.0%	$607.05	$700.58	$804.97	$921.14	$1050.07
8.0%	$469.40	$542.21	$623.45	$713.84	$814.13
9.0%	$375.46	$434.13	$499.58	$572.39	$653.15
10.0%	$307.65	$356.13	$410.19	$470.31	$536.99
11.0%	$256.67	$297.48	$342.99	$393.59	$449.69

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $5.51

Book Value / share($)Yahoo: $35.90

Results

Graham Number$66.71

Current Price$114.30

Margin of Safety-41.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.68%

Terminal growth rate(%)

Computed WACC: 8.68%

Cost of equity (Re)10.92%(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)79.54%

Debt weight (D/V)20.46%

Results

Current Price$114.30

Implied Near-term FCF Growth22.2%

Historical Revenue Growth6.2%

Historical Earnings Growth48.4%

Base FCF (TTM)$1.84B

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: $1.50

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$30.90

Current Price$114.30

Upside / Downside-73.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $7.50B

Target EV/EBITDA multipleCurrent: 12.8×

Net Debt($B)Default: $15.61B

Results

Implied Equity Value / share$119.62

Current Price$114.30

Upside / Downside+4.7%

Implied EV$95.75B

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

Mult \ Net Debt	$7.61B	$11.61B	$15.61B	$19.61B	$23.61B
8.8x	$86.78	$80.81	$74.84	$68.87	$62.90
10.8x	$109.17	$103.20	$97.23	$91.26	$85.29
12.8x	$131.56	$125.59	$119.62	$113.65	$107.68
14.8x	$153.95	$147.98	$142.01	$136.04	$130.07
16.8x	$176.34	$170.37	$164.40	$158.43	$152.46

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