CSW — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($295.30)
DCF	$157.48	-46.7%
Graham Number	$105.19	-64.4%
Reverse DCF	—	implied g: 29.4%
DDM	$22.25	-92.5%
EV/EBITDA	$296.45	+0.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $80.79M

Near-term growth (yrs 1–5)(%)Rev: 20.3% / EPS: -61.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.49%

Computed WACC: 7.49%

Cost of equity (Re)8.82%(Rf 4.30% + β 0.82 × 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)84.90%

Debt weight (D/V)15.10%

Results

Intrinsic Value / share$230.87

Current Price$295.30

Upside / Downside-21.8%

Net Debt (used)$836.18M

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

WACC \ Near-term	12.3%	16.3%	20.3%	24.3%	28.3%
7.0%	$176.68	$218.03	$265.33	$319.20	$380.31
8.0%	$131.45	$164.20	$201.62	$244.21	$292.50
9.0%	$100.35	$127.19	$157.84	$192.70	$232.19
10.0%	$77.72	$100.26	$125.99	$155.23	$188.34
11.0%	$60.55	$79.85	$101.85	$126.85	$155.13

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $7.59

Book Value / share($)Yahoo: $64.79

Results

Graham Number$105.19

Current Price$295.30

Margin of Safety-64.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.49%

Terminal growth rate(%)

Computed WACC: 7.49%

Cost of equity (Re)8.82%(Rf 4.30% + β 0.82 × 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)84.90%

Debt weight (D/V)15.10%

Results

Current Price$295.30

Implied Near-term FCF Growth23.9%

Historical Revenue Growth20.3%

Historical Earnings Growth-61.3%

Base FCF (TTM)$80.79M

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: $1.08

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$22.25

Current Price$295.30

Upside / Downside-92.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $236.34M

Target EV/EBITDA multipleCurrent: 24.2×

Net Debt($B)Default: $836.18M

Results

Implied Equity Value / share$296.45

Current Price$295.30

Upside / Downside+0.4%

Implied EV$5.72B

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

Mult \ Net Debt	-$1.16B	-$163.82M	$836.18M	$1.84B	$2.84B
20.2x	$360.49	$299.77	$239.05	$178.34	$117.62
22.2x	$389.19	$328.47	$267.75	$207.04	$146.32
24.2x	$417.88	$357.17	$296.45	$235.74	$175.02
26.2x	$446.58	$385.87	$325.15	$264.44	$203.72
28.2x	$475.28	$414.57	$353.85	$293.14	$232.42

← Overview Financial Statements ← Companies