DAC

DAC — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($117.95)
DCF$420.50+256.5%
Graham Number$342.24+190.2%
Reverse DCFimplied g: 14.3%
DDM$72.10-38.9%
EV/EBITDA$118.08+0.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $75.42M
Rev: 3.1% / EPS: 36.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$420.50
Current Price$117.95
Upside / Downside+256.5%
Net Debt (used)$117.80M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term28.6%32.6%36.6%40.6%44.6%
7.0%$489.75$569.80$659.97$761.20$874.49
8.0%$384.52$447.19$517.77$596.97$685.58
9.0%$312.52$363.32$420.50$484.65$556.39
10.0%$260.41$302.62$350.12$403.38$462.94
11.0%$221.11$256.86$297.06$342.13$392.51

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $25.14
Yahoo: $207.07

Results

Graham Number$342.24
Current Price$117.95
Margin of Safety+190.2%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$117.95
Implied Near-term FCF Growth14.3%
Historical Revenue Growth3.1%
Historical Earnings Growth36.6%
Base FCF (TTM)$75.42M
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

Yahoo: $3.50

Results

DDM Intrinsic Value / share$72.10
Current Price$117.95
Upside / Downside-38.9%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $662.13M
Current: 3.4×
Default: $117.80M

Results

Implied Equity Value / share$118.08
Current Price$117.95
Upside / Downside+0.1%
Implied EV$2.28B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.88B-$882.20M$117.80M$1.12B$2.12B
-0.6x$82.66$28.04$-26.58$-81.19$-135.81
1.4x$154.98$100.37$45.75$-8.87$-63.48
3.4x$227.31$172.69$118.08$63.46$8.84
5.4x$299.63$245.02$190.40$135.79$81.17
7.4x$371.96$317.34$262.73$208.11$153.50