EPC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($22.23)
DCF	$4.97	-77.6%
Graham Number	$8.87	-60.1%
Reverse DCF	—	implied g: 12.1%
DDM	$12.36	-44.4%
EV/EBITDA	$22.23	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $88.99M

Near-term growth (yrs 1–5)(%)Rev: 1.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.70%

Computed WACC: 5.70%

Cost of equity (Re)7.75%(Rf 4.30% + β 0.63 × ERP 5.50%)

Cost of debt (Rd)5.47%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)40.07%

Debt weight (D/V)59.93%

Results

Intrinsic Value / share$39.89

Current Price$22.23

Upside / Downside+79.4%

Net Debt (used)$1.33B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$5.26	$12.08	$20.02	$29.20	$39.78
8.0%	$-0.74	$4.75	$11.12	$18.50	$26.98
9.0%	$-4.90	$-0.33	$4.97	$11.09	$18.12
10.0%	$-7.95	$-4.05	$0.46	$5.67	$11.64
11.0%	$-10.29	$-6.90	$-2.99	$1.53	$6.70

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.11

Book Value / share($)Yahoo: $31.81

Results

Graham Number$8.87

Current Price$22.23

Margin of Safety-60.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.70%

Terminal growth rate(%)

Computed WACC: 5.70%

Cost of equity (Re)7.75%(Rf 4.30% + β 0.63 × ERP 5.50%)

Cost of debt (Rd)5.47%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)40.07%

Debt weight (D/V)59.93%

Results

Current Price$22.23

Implied Near-term FCF Growth0.4%

Historical Revenue Growth1.9%

Historical Earnings Growth—

Base FCF (TTM)$88.99M

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: $0.60

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$12.36

Current Price$22.23

Upside / Downside-44.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $287.40M

Target EV/EBITDA multipleCurrent: 8.2×

Net Debt($B)Default: $1.33B

Results

Implied Equity Value / share$22.23

Current Price$22.23

Upside / Downside-0.0%

Implied EV$2.37B

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

Mult \ Net Debt	$1.33B	$1.33B	$1.33B	$1.33B	$1.33B
4.2x	$-2.38	$-2.38	$-2.38	$-2.38	$-2.38
6.2x	$9.93	$9.93	$9.93	$9.93	$9.93
8.2x	$22.23	$22.23	$22.23	$22.23	$22.23
10.2x	$34.53	$34.53	$34.53	$34.53	$34.53
12.2x	$46.84	$46.84	$46.84	$46.84	$46.84

← Overview Financial Statements ← Companies