CVI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($24.93)
DCF	$-51.53	-306.7%
Graham Number	$6.64	-73.4%
Reverse DCF	—	—
DDM	$30.49	+22.3%
EV/EBITDA	$26.60	+6.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$220.00M

Near-term growth (yrs 1–5)(%)Rev: -7.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.11%

Computed WACC: 6.11%

Cost of equity (Re)10.58%(Rf 4.30% + β 1.14 × 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)57.81%

Debt weight (D/V)42.19%

Results

Intrinsic Value / share$-82.67

Current Price$24.93

Upside / Downside-431.6%

Net Debt (used)$1.32B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-51.86	$-59.70	$-68.81	$-79.36	$-91.52
8.0%	$-44.97	$-51.27	$-58.60	$-67.07	$-76.81
9.0%	$-40.19	$-45.44	$-51.53	$-58.56	$-66.64
10.0%	$-36.68	$-41.16	$-46.35	$-52.33	$-59.20
11.0%	$-33.99	$-37.89	$-42.39	$-47.57	$-53.51

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.27

Book Value / share($)Yahoo: $7.26

Results

Graham Number$6.64

Current Price$24.93

Margin of Safety-73.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.11%

Terminal growth rate(%)

Computed WACC: 6.11%

Cost of equity (Re)10.58%(Rf 4.30% + β 1.14 × 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)57.81%

Debt weight (D/V)42.19%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$24.93

Implied Near-term FCF Growth—

Historical Revenue Growth-7.0%

Historical Earnings Growth—

Base FCF (TTM)-$220.00M

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: $1.48

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$30.49

Current Price$24.93

Upside / Downside+22.3%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $590.00M

Target EV/EBITDA multipleCurrent: 6.8×

Net Debt($B)Default: $1.32B

Results

Implied Equity Value / share$26.60

Current Price$24.93

Upside / Downside+6.7%

Implied EV$3.99B

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

Mult \ Net Debt	$1.32B	$1.32B	$1.32B	$1.32B	$1.32B
2.8x	$3.12	$3.12	$3.12	$3.12	$3.12
4.8x	$14.86	$14.86	$14.86	$14.86	$14.86
6.8x	$26.60	$26.60	$26.60	$26.60	$26.60
8.8x	$38.34	$38.34	$38.34	$38.34	$38.34
10.8x	$50.07	$50.07	$50.07	$50.07	$50.07

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