ESP — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($60.00)
DCF	$348.04	+480.1%
Graham Number	$38.77	-35.4%
Reverse DCF	—	implied g: 3.8%
DDM	$20.60	-65.7%
EV/EBITDA	$60.00	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $8.21M

Near-term growth (yrs 1–5)(%)Rev: -10.8% / EPS: 39.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.48%

Computed WACC: 5.48%

Cost of equity (Re)5.48%(Rf 4.30% + β 0.21 × 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)100.00%

Debt weight (D/V)0.00%

Results

Intrinsic Value / share$856.70

Current Price$60.00

Upside / Downside+1327.8%

Net Debt (used)-$43.17M

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

WACC \ Near-term	31.4%	35.4%	39.4%	43.4%	47.4%
7.0%	$405.76	$467.60	$537.11	$614.97	$701.92
8.0%	$322.14	$370.49	$424.81	$485.63	$553.55
9.0%	$264.97	$304.09	$348.04	$397.24	$452.14
10.0%	$223.61	$256.08	$292.53	$333.32	$378.83
11.0%	$192.45	$219.91	$250.71	$285.18	$323.63

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.45

Book Value / share($)Yahoo: $19.36

Results

Graham Number$38.77

Current Price$60.00

Margin of Safety-35.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.48%

Terminal growth rate(%)

Computed WACC: 5.48%

Cost of equity (Re)5.48%(Rf 4.30% + β 0.21 × 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)100.00%

Debt weight (D/V)0.00%

Results

Current Price$60.00

Implied Near-term FCF Growth-7.8%

Historical Revenue Growth-10.8%

Historical Earnings Growth39.4%

Base FCF (TTM)$8.21M

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: $1.00

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$20.60

Current Price$60.00

Upside / Downside-65.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $10.00M

Target EV/EBITDA multipleCurrent: 13.4×

Net Debt($B)Default: -$43.17M

Results

Implied Equity Value / share$60.00

Current Price$60.00

Upside / Downside-0.0%

Implied EV$134.36M

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

Mult \ Net Debt	-$2.04B	-$1.04B	-$43.17M	$956.83M	$1.96B
9.4x	$722.42	$384.45	$46.48	$-291.49	$-629.46
11.4x	$729.18	$391.21	$53.24	$-284.73	$-622.70
13.4x	$735.94	$397.97	$60.00	$-277.97	$-615.94
15.4x	$742.70	$404.73	$66.76	$-271.21	$-609.18
17.4x	$749.45	$411.48	$73.51	$-264.46	$-602.43

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