EXPI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.88)
DCF	$16.36	+137.8%
Graham Number	—	—
Reverse DCF	—	implied g: -7.4%
DDM	$4.12	-40.1%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $116.49M

Near-term growth (yrs 1–5)(%)Rev: 8.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.85%

Computed WACC: 15.85%

Cost of equity (Re)15.85%(Rf 4.30% + β 2.10 × 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$8.04

Current Price$6.88

Upside / Downside+16.9%

Net Debt (used)-$124.25M

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

WACC \ Near-term	0.5%	4.5%	8.5%	12.5%	16.5%
7.0%	$16.83	$20.00	$23.68	$27.92	$32.79
8.0%	$13.88	$16.42	$19.36	$22.75	$26.64
9.0%	$11.84	$13.95	$16.38	$19.19	$22.40
10.0%	$10.34	$12.13	$14.20	$16.58	$19.30
11.0%	$9.20	$10.75	$12.54	$14.59	$16.94

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.14

Book Value / share($)Yahoo: $1.51

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$6.88

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.85%

Terminal growth rate(%)

Computed WACC: 15.85%

Cost of equity (Re)15.85%(Rf 4.30% + β 2.10 × 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$6.88

Implied Near-term FCF Growth5.0%

Historical Revenue Growth8.5%

Historical Earnings Growth—

Base FCF (TTM)$116.49M

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: $0.20

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$4.12

Current Price$6.88

Upside / Downside-40.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$11.90M

Target EV/EBITDA multipleCurrent: -82.6×

Net Debt($B)Default: -$124.25M

Results

Implied Equity Value / share$6.88

Current Price$6.88

Upside / Downside+0.0%

Implied EV$983.78M

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