EIG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($41.68)
DCF	$43.63	+4.7%
Graham Number	$22.05	-47.1%
Reverse DCF	—	implied g: 4.1%
DDM	$26.37	-36.7%
EV/EBITDA	$39.92	-4.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $43.09M

Near-term growth (yrs 1–5)(%)Rev: -21.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.15%

Computed WACC: 7.15%

Cost of equity (Re)7.45%(Rf 4.30% + β 0.57 × 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)96.01%

Debt weight (D/V)3.99%

Results

Intrinsic Value / share$58.60

Current Price$41.68

Upside / Downside+40.6%

Net Debt (used)-$131.00M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$43.95	$51.53	$60.35	$70.57	$82.33
8.0%	$37.27	$43.38	$50.47	$58.66	$68.09
9.0%	$32.65	$37.73	$43.63	$50.43	$58.25
10.0%	$29.25	$33.59	$38.61	$44.40	$51.05
11.0%	$26.65	$30.42	$34.78	$39.79	$45.54

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.46

Book Value / share($)Yahoo: $46.98

Results

Graham Number$22.05

Current Price$41.68

Margin of Safety-47.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.15%

Terminal growth rate(%)

Computed WACC: 7.15%

Cost of equity (Re)7.45%(Rf 4.30% + β 0.57 × 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)96.01%

Debt weight (D/V)3.99%

Results

Current Price$41.68

Implied Near-term FCF Growth-1.3%

Historical Revenue Growth-21.3%

Historical Earnings Growth—

Base FCF (TTM)$43.09M

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: $1.28

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$26.37

Current Price$41.68

Upside / Downside-36.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $17.20M

Target EV/EBITDA multipleCurrent: 39.6×

Net Debt($B)Default: -$131.00M

Results

Implied Equity Value / share$39.92

Current Price$41.68

Upside / Downside-4.2%

Implied EV$681.02M

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

Mult \ Net Debt	-$2.13B	-$1.13B	-$131.00M	$869.00M	$1.87B
35.6x	$134.85	$85.69	$36.54	$-12.62	$-61.78
37.6x	$136.54	$87.39	$38.23	$-10.93	$-60.09
39.6x	$138.24	$89.08	$39.92	$-9.24	$-58.40
41.6x	$139.93	$90.77	$41.61	$-7.55	$-56.71
43.6x	$141.62	$92.46	$43.30	$-5.86	$-55.02

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