DINO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($53.81)
DCF	$85.71	+59.3%
Graham Number	$59.17	+10.0%
Reverse DCF	—	implied g: -1.6%
DDM	$41.20	-23.4%
EV/EBITDA	$53.09	-1.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.03B

Near-term growth (yrs 1–5)(%)Rev: -0.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.72%

Computed WACC: 6.72%

Cost of equity (Re)8.94%(Rf 4.30% + β 0.84 × 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)75.17%

Debt weight (D/V)24.83%

Results

Intrinsic Value / share$139.56

Current Price$53.81

Upside / Downside+159.4%

Net Debt (used)$2.35B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$86.55	$106.64	$130.00	$157.05	$188.19
8.0%	$68.88	$85.05	$103.82	$125.53	$150.50
9.0%	$56.63	$70.09	$85.71	$103.73	$124.44
10.0%	$47.64	$59.13	$72.43	$87.76	$105.35
11.0%	$40.76	$50.74	$62.28	$75.56	$90.79

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.08

Book Value / share($)Yahoo: $50.52

Results

Graham Number$59.17

Current Price$53.81

Margin of Safety+10.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.72%

Terminal growth rate(%)

Computed WACC: 6.72%

Cost of equity (Re)8.94%(Rf 4.30% + β 0.84 × 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)75.17%

Debt weight (D/V)24.83%

Results

Current Price$53.81

Implied Near-term FCF Growth-8.0%

Historical Revenue Growth-0.6%

Historical Earnings Growth—

Base FCF (TTM)$1.03B

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$53.81

Upside / Downside-23.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.49B

Target EV/EBITDA multipleCurrent: 8.1×

Net Debt($B)Default: $2.35B

Results

Implied Equity Value / share$53.09

Current Price$53.81

Upside / Downside-1.3%

Implied EV$12.11B

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

Mult \ Net Debt	$348.00M	$1.35B	$2.35B	$3.35B	$4.35B
4.1x	$31.47	$26.04	$20.60	$15.16	$9.73
6.1x	$47.72	$42.28	$36.84	$31.41	$25.97
8.1x	$63.96	$58.52	$53.09	$47.65	$42.21
10.1x	$80.20	$74.77	$69.33	$63.89	$58.46
12.1x	$96.45	$91.01	$85.57	$80.14	$74.70

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