FER

FER — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($72.93)
DCF$-0.85-101.2%
Graham Number$17.55-75.9%
Reverse DCFimplied g: 47.6%
DDM$21.63-70.3%
EV/EBITDA$75.53+3.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $321.38M
Rev: 5.7% / EPS: -87.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-0.84
Current Price$72.93
Upside / Downside-101.1%
Net Debt (used)$6.49B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-2.3%1.7%5.7%9.7%13.7%
7.0%$-0.73$0.94$2.88$5.12$7.71
8.0%$-2.22$-0.88$0.68$2.48$4.55
9.0%$-3.25$-2.13$-0.84$0.66$2.37
10.0%$-4.00$-3.05$-1.95$-0.68$0.78
11.0%$-4.58$-3.76$-2.80$-1.70$-0.44

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.42
Yahoo: $9.64

Results

Graham Number$17.55
Current Price$72.93
Margin of Safety-75.9%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$72.93
Implied Near-term FCF Growth47.6%
Historical Revenue Growth5.7%
Historical Earnings Growth-87.6%
Base FCF (TTM)$321.38M
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

Yahoo: $1.05

Results

DDM Intrinsic Value / share$21.63
Current Price$72.93
Upside / Downside-70.3%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.46B
Current: 41.7×
Default: $6.49B

Results

Implied Equity Value / share$75.53
Current Price$72.93
Upside / Downside+3.6%
Implied EV$60.80B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$2.49B$4.49B$6.49B$8.49B$10.49B
37.7x$72.99$70.21$67.43$64.65$61.87
39.7x$77.04$74.26$71.48$68.70$65.92
41.7x$81.10$78.32$75.53$72.75$69.97
43.7x$85.15$82.37$79.59$76.81$74.02
45.7x$89.20$86.42$83.64$80.86$78.08