EFX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($208.03)
DCF	$144.84	-30.4%
Graham Number	$67.72	-67.4%
Reverse DCF	—	implied g: 14.2%
DDM	$42.44	-79.6%
EV/EBITDA	$209.14	+0.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.00B

Near-term growth (yrs 1–5)(%)Rev: 9.2% / EPS: 2.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.55%

Computed WACC: 10.55%

Cost of equity (Re)12.73%(Rf 4.30% + β 1.53 × 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)82.93%

Debt weight (D/V)17.07%

Results

Intrinsic Value / share$106.95

Current Price$208.03

Upside / Downside-48.6%

Net Debt (used)$5.06B

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

WACC \ Near-term	1.2%	5.2%	9.2%	13.2%	17.2%
7.0%	$150.87	$188.83	$232.77	$283.39	$341.44
8.0%	$115.22	$145.61	$180.75	$221.19	$267.52
9.0%	$90.58	$115.76	$144.84	$178.26	$216.51
10.0%	$72.54	$93.92	$118.58	$146.89	$179.26
11.0%	$58.77	$77.26	$98.56	$122.99	$150.89

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $5.33

Book Value / share($)Yahoo: $38.24

Results

Graham Number$67.72

Current Price$208.03

Margin of Safety-67.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.55%

Terminal growth rate(%)

Computed WACC: 10.55%

Cost of equity (Re)12.73%(Rf 4.30% + β 1.53 × 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)82.93%

Debt weight (D/V)17.07%

Results

Current Price$208.03

Implied Near-term FCF Growth18.5%

Historical Revenue Growth9.2%

Historical Earnings Growth2.4%

Base FCF (TTM)$1.00B

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: $2.06

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$42.44

Current Price$208.03

Upside / Downside-79.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.87B

Target EV/EBITDA multipleCurrent: 16.2×

Net Debt($B)Default: $5.06B

Results

Implied Equity Value / share$209.14

Current Price$208.03

Upside / Downside+0.5%

Implied EV$30.22B

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

Mult \ Net Debt	$3.06B	$4.06B	$5.06B	$6.06B	$7.06B
12.2x	$163.63	$155.31	$147.00	$138.68	$130.37
14.2x	$194.70	$186.39	$178.07	$169.76	$161.44
16.2x	$225.77	$217.46	$209.14	$200.83	$192.52
18.2x	$256.85	$248.53	$240.22	$231.90	$223.59
20.2x	$287.92	$279.61	$271.29	$262.98	$254.66

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