ELF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($81.64)
DCF	$13888.06	+16911.3%
Graham Number	$26.36	-67.7%
Reverse DCF	—	implied g: 11.4%
DDM	—	—
EV/EBITDA	$81.64	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $217.46M

Near-term growth (yrs 1–5)(%)Rev: 37.8% / EPS: 116.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.38%

Computed WACC: 11.38%

Cost of equity (Re)13.54%(Rf 4.30% + β 1.68 × 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)84.02%

Debt weight (D/V)15.98%

Results

Intrinsic Value / share$8751.09

Current Price$81.64

Upside / Downside+10619.1%

Net Debt (used)$729.32M

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

WACC \ Near-term	108.7%	112.7%	116.7%	120.7%	124.7%
7.0%	$18985.37	$20873.43	$22908.80	$25099.93	$27455.60
8.0%	$14540.62	$15986.18	$17544.49	$19222.01	$21025.46
9.0%	$11528.16	$12673.84	$13908.85	$15238.30	$16667.52
10.0%	$9370.16	$10301.05	$11304.48	$12384.62	$13545.79
11.0%	$7761.14	$8531.88	$9362.67	$10256.95	$11218.28

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.57

Book Value / share($)Yahoo: $19.68

Results

Graham Number$26.36

Current Price$81.64

Margin of Safety-67.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.38%

Terminal growth rate(%)

Computed WACC: 11.38%

Cost of equity (Re)13.54%(Rf 4.30% + β 1.68 × 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)84.02%

Debt weight (D/V)15.98%

Results

Current Price$81.64

Implied Near-term FCF Growth17.6%

Historical Revenue Growth37.8%

Historical Earnings Growth116.7%

Base FCF (TTM)$217.46M

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$81.64

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $210.53M

Target EV/EBITDA multipleCurrent: 26.4×

Net Debt($B)Default: $729.32M

Results

Implied Equity Value / share$81.64

Current Price$81.64

Upside / Downside+0.0%

Implied EV$5.55B

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

Mult \ Net Debt	-$1.27B	-$270.68M	$729.32M	$1.73B	$2.73B
22.4x	$101.25	$84.31	$67.38	$50.45	$33.51
24.4x	$108.38	$91.44	$74.51	$57.58	$40.64
26.4x	$115.51	$98.58	$81.64	$64.71	$47.77
28.4x	$122.64	$105.71	$88.77	$71.84	$54.90
30.4x	$129.77	$112.84	$95.90	$78.97	$62.03

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