DASH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($177.75)
DCF	$1072.27	+503.2%
Graham Number	$33.28	-81.3%
Reverse DCF	—	implied g: 14.1%
DDM	—	—
EV/EBITDA	$188.39	+6.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $2.38B

Near-term growth (yrs 1–5)(%)Rev: 37.7% / EPS: 47.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 14.16%

Computed WACC: 14.16%

Cost of equity (Re)14.76%(Rf 4.30% + β 1.90 × 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)95.91%

Debt weight (D/V)4.09%

Results

Intrinsic Value / share$484.19

Current Price$177.75

Upside / Downside+172.4%

Net Debt (used)-$2.22B

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

WACC \ Near-term	39.7%	43.7%	47.7%	51.7%	55.7%
7.0%	$1286.67	$1477.70	$1691.02	$1928.53	$2192.24
8.0%	$1007.34	$1156.09	$1322.15	$1507.01	$1712.22
9.0%	$816.67	$936.58	$1070.42	$1219.37	$1384.67
10.0%	$679.02	$778.12	$888.71	$1011.75	$1148.27
11.0%	$575.50	$658.98	$752.10	$855.68	$970.58

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.13

Book Value / share($)Yahoo: $23.10

Results

Graham Number$33.28

Current Price$177.75

Margin of Safety-81.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 14.16%

Terminal growth rate(%)

Computed WACC: 14.16%

Cost of equity (Re)14.76%(Rf 4.30% + β 1.90 × 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)95.91%

Debt weight (D/V)4.09%

Results

Current Price$177.75

Implied Near-term FCF Growth26.9%

Historical Revenue Growth37.7%

Historical Earnings Growth47.7%

Base FCF (TTM)$2.38B

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$177.75

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.22B

Target EV/EBITDA multipleCurrent: 61.6×

Net Debt($B)Default: -$2.22B

Results

Implied Equity Value / share$188.39

Current Price$177.75

Upside / Downside+6.0%

Implied EV$75.02B

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

Mult \ Net Debt	-$4.22B	-$3.22B	-$2.22B	-$1.22B	-$216.00M
57.6x	$181.38	$178.94	$176.50	$174.06	$171.63
59.6x	$187.32	$184.88	$182.45	$180.01	$177.57
61.6x	$193.27	$190.83	$188.39	$185.95	$183.51
63.6x	$199.21	$196.77	$194.33	$191.89	$189.45
65.6x	$205.15	$202.71	$200.27	$197.83	$195.39

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