EAT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($142.41)
DCF	$119.95	-15.8%
Graham Number	$44.09	-69.0%
Reverse DCF	—	implied g: 11.9%
DDM	—	—
EV/EBITDA	$142.40	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $303.48M

Near-term growth (yrs 1–5)(%)Rev: 6.9% / EPS: 9.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.72%

Computed WACC: 10.72%

Cost of equity (Re)11.77%(Rf 4.30% + β 1.36 × ERP 5.50%)

Cost of debt (Rd)8.76%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)78.21%

Debt weight (D/V)21.79%

Results

Intrinsic Value / share$84.57

Current Price$142.41

Upside / Downside-40.6%

Net Debt (used)$1.75B

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

WACC \ Near-term	1.6%	5.6%	9.6%	13.6%	17.6%
7.0%	$125.47	$157.96	$195.56	$238.85	$288.48
8.0%	$94.77	$120.78	$150.83	$185.40	$224.98
9.0%	$73.56	$95.10	$119.95	$148.51	$181.19
10.0%	$58.04	$76.31	$97.38	$121.56	$149.20
11.0%	$46.19	$61.99	$80.18	$101.03	$124.85

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $9.91

Book Value / share($)Yahoo: $8.72

Results

Graham Number$44.09

Current Price$142.41

Margin of Safety-69.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.72%

Terminal growth rate(%)

Computed WACC: 10.72%

Cost of equity (Re)11.77%(Rf 4.30% + β 1.36 × ERP 5.50%)

Cost of debt (Rd)8.76%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)78.21%

Debt weight (D/V)21.79%

Results

Current Price$142.41

Implied Near-term FCF Growth16.5%

Historical Revenue Growth6.9%

Historical Earnings Growth9.6%

Base FCF (TTM)$303.48M

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$142.41

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $809.90M

Target EV/EBITDA multipleCurrent: 9.8×

Net Debt($B)Default: $1.75B

Results

Implied Equity Value / share$142.40

Current Price$142.41

Upside / Downside-0.0%

Implied EV$7.95B

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

Mult \ Net Debt	$1.75B	$1.75B	$1.75B	$1.75B	$1.75B
5.8x	$68.02	$68.02	$68.02	$68.02	$68.02
7.8x	$105.21	$105.21	$105.21	$105.21	$105.21
9.8x	$142.40	$142.40	$142.40	$142.40	$142.40
11.8x	$179.60	$179.60	$179.60	$179.60	$179.60
13.8x	$216.79	$216.79	$216.79	$216.79	$216.79

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