DJCO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($528.34)
DCF	$375.62	-28.9%
Graham Number	$650.88	+23.2%
Reverse DCF	—	implied g: 43.6%
DDM	—	—
EV/EBITDA	$518.72	-1.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.68M

Near-term growth (yrs 1–5)(%)Rev: 10.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.71%

Computed WACC: 8.71%

Cost of equity (Re)8.96%(Rf 4.30% + β 0.85 × 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)97.21%

Debt weight (D/V)2.79%

Results

Intrinsic Value / share$377.08

Current Price$528.34

Upside / Downside-28.6%

Net Debt (used)-$476.96M

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

WACC \ Near-term	2.4%	6.4%	10.4%	14.4%	18.4%
7.0%	$376.76	$382.72	$389.61	$397.55	$406.63
8.0%	$371.06	$375.83	$381.33	$387.66	$394.90
9.0%	$367.12	$371.07	$375.62	$380.84	$386.81
10.0%	$364.24	$367.58	$371.44	$375.86	$380.91
11.0%	$362.04	$364.93	$368.26	$372.07	$376.41

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $67.71

Book Value / share($)Yahoo: $278.08

Results

Graham Number$650.88

Current Price$528.34

Margin of Safety+23.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.71%

Terminal growth rate(%)

Computed WACC: 8.71%

Cost of equity (Re)8.96%(Rf 4.30% + β 0.85 × 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)97.21%

Debt weight (D/V)2.79%

Results

Current Price$528.34

Implied Near-term FCF Growth42.4%

Historical Revenue Growth10.4%

Historical Earnings Growth—

Base FCF (TTM)$1.68M

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$528.34

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $11.86M

Target EV/EBITDA multipleCurrent: 20.0×

Net Debt($B)Default: -$476.96M

Results

Implied Equity Value / share$518.72

Current Price$528.34

Upside / Downside-1.8%

Implied EV$237.69M

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

Mult \ Net Debt	-$2.48B	-$1.48B	-$476.96M	$523.04M	$1.52B
16.0x	$1935.97	$1210.13	$484.30	$-241.54	$-967.37
18.0x	$1953.18	$1227.35	$501.51	$-224.33	$-950.16
20.0x	$1970.39	$1244.56	$518.72	$-207.12	$-932.95
22.0x	$1987.60	$1261.77	$535.93	$-189.90	$-915.74
24.0x	$2004.81	$1278.98	$553.14	$-172.69	$-898.53

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