DMLP

DMLP — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($27.05)
DCF$64.01+136.6%
Graham Number$12.50-53.8%
Reverse DCFimplied g: -2.2%
DDM$57.47+112.5%
EV/EBITDA$26.95-0.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $110.18M
Rev: 5.4% / EPS: 12.8%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$64.01
Current Price$27.05
Upside / Downside+136.6%
Net Debt (used)-$41.16M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term4.8%8.8%12.8%16.8%20.8%
7.0%$67.28$80.02$94.72$111.58$130.85
8.0%$54.67$64.83$76.54$89.96$105.28
9.0%$45.96$54.35$64.01$75.06$87.67
10.0%$39.61$46.70$54.86$64.19$74.83
11.0%$34.77$40.88$47.90$55.93$65.07

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.08
Yahoo: $6.42

Results

Graham Number$12.50
Current Price$27.05
Margin of Safety-53.8%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$27.05
Implied Near-term FCF Growth-2.2%
Historical Revenue Growth5.4%
Historical Earnings Growth12.8%
Base FCF (TTM)$110.18M
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: $2.79

Results

DDM Intrinsic Value / share$57.47
Current Price$27.05
Upside / Downside+112.5%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $123.65M
Current: 10.2×
Default: -$41.16M

Results

Implied Equity Value / share$26.95
Current Price$27.05
Upside / Downside-0.4%
Implied EV$1.26B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.04B-$1.04B-$41.16M$958.84M$1.96B
6.2x$58.15$37.42$16.70$-4.02$-24.74
8.2x$63.27$42.55$21.83$1.10$-19.62
10.2x$68.40$47.67$26.95$6.23$-14.49
12.2x$73.52$52.80$32.08$11.35$-9.37
14.2x$78.65$57.92$37.20$16.48$-4.24