EGP — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($196.25)
DCF	$178.35	-9.1%
Graham Number	$84.81	-56.8%
Reverse DCF	—	implied g: 15.7%
DDM	$127.72	-34.9%
EV/EBITDA	$195.93	-0.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $370.66M

Near-term growth (yrs 1–5)(%)Rev: 14.3% / EPS: 8.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.26%

Computed WACC: 9.26%

Cost of equity (Re)10.50%(Rf 4.30% + β 1.13 × ERP 5.50%)

Cost of debt (Rd)1.91%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)86.19%

Debt weight (D/V)13.81%

Results

Intrinsic Value / share$169.14

Current Price$196.25

Upside / Downside-13.8%

Net Debt (used)$1.67B

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

WACC \ Near-term	6.3%	10.3%	14.3%	18.3%	22.3%
7.0%	$190.47	$232.56	$281.00	$336.50	$399.83
8.0%	$147.95	$181.47	$220.01	$264.13	$314.42
9.0%	$118.64	$146.27	$178.00	$214.29	$255.62
10.0%	$97.25	$120.58	$147.36	$177.95	$212.78
11.0%	$80.97	$101.05	$124.06	$150.34	$180.23

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.87

Book Value / share($)Yahoo: $65.64

Results

Graham Number$84.81

Current Price$196.25

Margin of Safety-56.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.26%

Terminal growth rate(%)

Computed WACC: 9.26%

Cost of equity (Re)10.50%(Rf 4.30% + β 1.13 × ERP 5.50%)

Cost of debt (Rd)1.91%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)86.19%

Debt weight (D/V)13.81%

Results

Current Price$196.25

Implied Near-term FCF Growth16.5%

Historical Revenue Growth14.3%

Historical Earnings Growth8.7%

Base FCF (TTM)$370.66M

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: $6.20

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$127.72

Current Price$196.25

Upside / Downside-34.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $468.24M

Target EV/EBITDA multipleCurrent: 25.9×

Net Debt($B)Default: $1.67B

Results

Implied Equity Value / share$195.93

Current Price$196.25

Upside / Downside-0.2%

Implied EV$12.12B

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

Mult \ Net Debt	$1.67B	$1.67B	$1.67B	$1.67B	$1.67B
21.9x	$160.81	$160.81	$160.81	$160.81	$160.81
23.9x	$178.37	$178.37	$178.37	$178.37	$178.37
25.9x	$195.93	$195.93	$195.93	$195.93	$195.93
27.9x	$213.49	$213.49	$213.49	$213.49	$213.49
29.9x	$231.04	$231.04	$231.04	$231.04	$231.04

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