DY — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($418.73)
DCF	$1910.75	+356.3%
Graham Number	$108.32	-74.1%
Reverse DCF	—	implied g: 25.3%
DDM	—	—
EV/EBITDA	$404.60	-3.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $240.22M

Near-term growth (yrs 1–5)(%)Rev: 14.1% / EPS: 53.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.58%

Computed WACC: 10.58%

Cost of equity (Re)11.48%(Rf 4.30% + β 1.31 × 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)92.18%

Debt weight (D/V)7.82%

Results

Intrinsic Value / share$1420.25

Current Price$418.73

Upside / Downside+239.2%

Net Debt (used)$944.25M

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

WACC \ Near-term	45.2%	49.2%	53.2%	57.2%	61.2%
7.0%	$2340.65	$2681.24	$3060.09	$3480.34	$3945.30
8.0%	$1817.83	$2082.44	$2376.70	$2703.06	$3064.08
9.0%	$1461.32	$1674.14	$1910.75	$2173.13	$2463.32
10.0%	$1204.21	$1379.69	$1574.76	$1791.03	$2030.18
11.0%	$1011.09	$1158.56	$1322.45	$1504.11	$1704.95

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $10.18

Book Value / share($)Yahoo: $51.23

Results

Graham Number$108.32

Current Price$418.73

Margin of Safety-74.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.58%

Terminal growth rate(%)

Computed WACC: 10.58%

Cost of equity (Re)11.48%(Rf 4.30% + β 1.31 × 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)92.18%

Debt weight (D/V)7.82%

Results

Current Price$418.73

Implied Near-term FCF Growth30.2%

Historical Revenue Growth14.1%

Historical Earnings Growth53.2%

Base FCF (TTM)$240.22M

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$418.73

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $665.80M

Target EV/EBITDA multipleCurrent: 19.6×

Net Debt($B)Default: $944.25M

Results

Implied Equity Value / share$404.60

Current Price$418.73

Upside / Downside-3.4%

Implied EV$13.07B

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

Mult \ Net Debt	-$1.06B	-$55.75M	$944.25M	$1.94B	$2.94B
15.6x	$382.47	$349.10	$315.73	$282.36	$248.99
17.6x	$426.91	$393.54	$360.17	$326.80	$293.43
19.6x	$471.34	$437.97	$404.60	$371.23	$337.86
21.6x	$515.78	$482.41	$449.04	$415.67	$382.30
23.6x	$560.21	$526.84	$493.47	$460.10	$426.73

← Overview Financial Statements ← Companies