EYE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($26.93)
DCF	$25.08	-6.9%
Graham Number	—	—
Reverse DCF	—	implied g: 8.8%
DDM	—	—
EV/EBITDA	$26.93	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $126.26M

Near-term growth (yrs 1–5)(%)Rev: 7.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.03%

Computed WACC: 9.03%

Cost of equity (Re)11.96%(Rf 4.30% + β 1.39 × 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)75.49%

Debt weight (D/V)24.51%

Results

Intrinsic Value / share$24.98

Current Price$26.93

Upside / Downside-7.2%

Net Debt (used)$637.54M

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

WACC \ Near-term	-0.1%	3.9%	7.9%	11.9%	15.9%
7.0%	$25.97	$32.73	$40.55	$49.58	$59.95
8.0%	$19.76	$25.17	$31.44	$38.66	$46.94
9.0%	$15.45	$19.95	$25.14	$31.12	$37.97
10.0%	$12.30	$16.12	$20.53	$25.60	$31.40
11.0%	$9.90	$13.20	$17.02	$21.39	$26.40

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.05

Book Value / share($)Yahoo: $10.84

Results

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

Graham Number—

Current Price$26.93

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.03%

Terminal growth rate(%)

Computed WACC: 9.03%

Cost of equity (Re)11.96%(Rf 4.30% + β 1.39 × 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)75.49%

Debt weight (D/V)24.51%

Results

Current Price$26.93

Implied Near-term FCF Growth8.9%

Historical Revenue Growth7.9%

Historical Earnings Growth—

Base FCF (TTM)$126.26M

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$26.93

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $144.57M

Target EV/EBITDA multipleCurrent: 19.2×

Net Debt($B)Default: $637.54M

Results

Implied Equity Value / share$26.93

Current Price$26.93

Upside / Downside+0.0%

Implied EV$2.77B

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

Mult \ Net Debt	-$1.36B	-$362.46M	$637.54M	$1.64B	$2.64B
15.2x	$44.86	$32.25	$19.64	$7.03	$-5.58
17.2x	$48.50	$35.89	$23.28	$10.68	$-1.93
19.2x	$52.15	$39.54	$26.93	$14.32	$1.71
21.2x	$55.79	$43.18	$30.58	$17.97	$5.36
23.2x	$59.44	$46.83	$34.22	$21.61	$9.00

← Overview Financial Statements ← Companies