DOX

DOX — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($68.07)
DCF$116.74+71.5%
Graham Number$60.07-11.8%
Reverse DCFimplied g: 0.4%
DDM$46.97-31.0%
EV/EBITDA$68.47+0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $597.79M
Rev: 4.1% / EPS: 9.0%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$116.74
Current Price$68.07
Upside / Downside+71.5%
Net Debt (used)$704.49M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term1.0%5.0%9.0%13.0%17.0%
7.0%$120.58$145.63$174.62$208.04$246.36
8.0%$97.13$117.19$140.38$167.08$197.67
9.0%$80.92$97.54$116.74$138.81$164.08
10.0%$69.06$83.17$99.45$118.15$139.53
11.0%$60.00$72.20$86.27$102.41$120.84

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $5.04
Yahoo: $31.82

Results

Graham Number$60.07
Current Price$68.07
Margin of Safety-11.8%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$68.07
Implied Near-term FCF Growth0.4%
Historical Revenue Growth4.1%
Historical Earnings Growth9.0%
Base FCF (TTM)$597.79M
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: $2.28

Results

DDM Intrinsic Value / share$46.97
Current Price$68.07
Upside / Downside-31.0%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.02B
Current: 7.9×
Default: $704.49M

Results

Implied Equity Value / share$68.47
Current Price$68.07
Upside / Downside+0.6%
Implied EV$8.07B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.30B-$295.51M$704.49M$1.70B$2.70B
3.9x$48.99$39.69$30.40$21.10$11.80
5.9x$68.02$58.73$49.43$40.13$30.84
7.9x$87.06$77.76$68.47$59.17$49.87
9.9x$106.09$96.80$87.50$78.20$68.91
11.9x$125.13$115.83$106.53$97.24$87.94