DBD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($80.35)
DCF	$13322557371.62	+16580656243.0%
Graham Number	$42.15	-47.5%
Reverse DCF	—	implied g: -1.9%
DDM	—	—
EV/EBITDA	$79.66	-0.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $302.02M

Near-term growth (yrs 1–5)(%)Rev: 11.7% / EPS: 815.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.06%

Computed WACC: 11.06%

Cost of equity (Re)12.84%(Rf 4.30% + β 1.55 × ERP 5.50%)

Cost of debt (Rd)8.07%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)72.59%

Debt weight (D/V)27.41%

Results

Intrinsic Value / share$8592027399.35

Current Price$80.35

Upside / Downside+10693251174.9%

Net Debt (used)$690.30M

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

WACC \ Near-term	807.4%	811.4%	815.4%	819.4%	823.4%
7.0%	$21649095551.27	$22130488417.23	$22620406916.98	$23118963796.37	$23626272790.90
8.0%	$16331071975.81	$16694212337.14	$17063784038.72	$17439872130.74	$17822562409.94
9.0%	$12750492174.13	$13034014137.68	$13322557371.62	$13616188278.90	$13914973845.32
10.0%	$10204075630.03	$10430975032.64	$10661892900.18	$10896882374.16	$11135997062.55
11.0%	$8320250344.38	$8505260682.18	$8693547614.87	$8885154473.24	$9080124968.39

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.54

Book Value / share($)Yahoo: $31.08

Results

Graham Number$42.15

Current Price$80.35

Margin of Safety-47.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.06%

Terminal growth rate(%)

Computed WACC: 11.06%

Cost of equity (Re)12.84%(Rf 4.30% + β 1.55 × ERP 5.50%)

Cost of debt (Rd)8.07%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)72.59%

Debt weight (D/V)27.41%

Results

Current Price$80.35

Implied Near-term FCF Growth2.7%

Historical Revenue Growth11.7%

Historical Earnings Growth815.4%

Base FCF (TTM)$302.02M

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$80.35

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $452.50M

Target EV/EBITDA multipleCurrent: 7.8×

Net Debt($B)Default: $690.30M

Results

Implied Equity Value / share$79.66

Current Price$80.35

Upside / Downside-0.9%

Implied EV$3.51B

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

Mult \ Net Debt	-$1.31B	-$309.70M	$690.30M	$1.69B	$2.69B
3.8x	$85.03	$56.77	$28.51	$0.25	$-28.01
5.8x	$110.61	$82.35	$54.09	$25.83	$-2.44
7.8x	$136.18	$107.92	$79.66	$51.40	$23.14
9.8x	$161.76	$133.50	$105.24	$76.98	$48.72
11.8x	$187.34	$159.08	$130.81	$102.55	$74.29

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