DUOL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($100.82)
DCF	$323654.85	+320922.5%
Graham Number	$71.84	-28.7%
Reverse DCF	—	implied g: -2.5%
DDM	—	—
EV/EBITDA	$118.30	+17.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $264.80M

Near-term growth (yrs 1–5)(%)Rev: 35.0% / EPS: 193.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.01%

Computed WACC: 9.01%

Cost of equity (Re)9.21%(Rf 4.30% + β 0.89 × 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)97.88%

Debt weight (D/V)2.12%

Results

Intrinsic Value / share$322926.54

Current Price$100.82

Upside / Downside+320200.1%

Net Debt (used)-$1.04B

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

WACC \ Near-term	185.6%	189.6%	193.6%	197.6%	201.6%
7.0%	$470672.62	$504555.53	$540362.54	$578174.45	$618074.32
8.0%	$358043.45	$383815.45	$411050.85	$439811.11	$470159.38
9.0%	$281922.25	$302212.53	$323654.85	$346297.59	$370190.48
10.0%	$227560.74	$243936.35	$261241.67	$279515.73	$298798.64
11.0%	$187163.70	$200630.33	$214861.43	$229889.12	$245746.37

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $7.94

Book Value / share($)Yahoo: $28.89

Results

Graham Number$71.84

Current Price$100.82

Margin of Safety-28.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.01%

Terminal growth rate(%)

Computed WACC: 9.01%

Cost of equity (Re)9.21%(Rf 4.30% + β 0.89 × 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)97.88%

Debt weight (D/V)2.12%

Results

Current Price$100.82

Implied Near-term FCF Growth-2.4%

Historical Revenue Growth35.0%

Historical Earnings Growth193.6%

Base FCF (TTM)$264.80M

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$100.82

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $155.63M

Target EV/EBITDA multipleCurrent: 23.7×

Net Debt($B)Default: -$1.04B

Results

Implied Equity Value / share$118.30

Current Price$100.82

Upside / Downside+17.3%

Implied EV$3.69B

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

Mult \ Net Debt	-$1.04B	-$1.04B	-$1.04B	-$1.04B	-$1.04B
19.7x	$102.74	$102.74	$102.74	$102.74	$102.74
21.7x	$110.52	$110.52	$110.52	$110.52	$110.52
23.7x	$118.30	$118.30	$118.30	$118.30	$118.30
25.7x	$126.08	$126.08	$126.08	$126.08	$126.08
27.7x	$133.86	$133.86	$133.86	$133.86	$133.86

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