CZFS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($60.71)
DCF	$-55.86	-192.0%
Graham Number	$109.80	+80.9%
Reverse DCF	—	—
DDM	$41.20	-32.1%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 11.1% / EPS: 31.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.22%

Computed WACC: 3.22%

Cost of equity (Re)6.67%(Rf 4.30% + β 0.43 × 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)48.21%

Debt weight (D/V)51.79%

Results

Intrinsic Value / share$-55.86

Current Price$60.71

Upside / Downside-192.0%

Net Debt (used)$268.51M

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

WACC \ Near-term	23.0%	27.0%	31.0%	35.0%	39.0%
7.0%	$-55.86	$-55.86	$-55.86	$-55.86	$-55.86
8.0%	$-55.86	$-55.86	$-55.86	$-55.86	$-55.86
9.0%	$-55.86	$-55.86	$-55.86	$-55.86	$-55.86
10.0%	$-55.86	$-55.86	$-55.86	$-55.86	$-55.86
11.0%	$-55.86	$-55.86	$-55.86	$-55.86	$-55.86

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $7.62

Book Value / share($)Yahoo: $70.32

Results

Graham Number$109.80

Current Price$60.71

Margin of Safety+80.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.22%

Terminal growth rate(%)

Computed WACC: 3.22%

Cost of equity (Re)6.67%(Rf 4.30% + β 0.43 × 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)48.21%

Debt weight (D/V)51.79%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$60.71

Implied Near-term FCF Growth—

Historical Revenue Growth11.1%

Historical Earnings Growth31.0%

Base FCF (TTM)—

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: $2.00

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$41.20

Current Price$60.71

Upside / Downside-32.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $268.51M

Results

Implied Equity Value / share$-55.86

Current Price$60.71

Upside / Downside-192.0%

Implied EV$0

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