FOR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($27.91)
DCF	$48.18	+72.6%
Graham Number	$50.82	+82.0%
Reverse DCF	—	implied g: 2.0%
DDM	—	—
EV/EBITDA	$28.74	+3.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $137.48M

Near-term growth (yrs 1–5)(%)Rev: 9.0% / EPS: -6.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.78%

Computed WACC: 7.78%

Cost of equity (Re)12.21%(Rf 4.30% + β 1.44 × 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)63.69%

Debt weight (D/V)36.31%

Results

Intrinsic Value / share$62.79

Current Price$27.91

Upside / Downside+124.9%

Net Debt (used)$598.10M

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

WACC \ Near-term	1.0%	5.0%	9.0%	13.0%	17.0%
7.0%	$50.05	$62.22	$76.31	$92.56	$111.18
8.0%	$38.65	$48.40	$59.67	$72.65	$87.52
9.0%	$30.77	$38.85	$48.18	$58.91	$71.19
10.0%	$25.00	$31.86	$39.77	$48.86	$59.26
11.0%	$20.59	$26.53	$33.37	$41.21	$50.17

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.27

Book Value / share($)Yahoo: $35.10

Results

Graham Number$50.82

Current Price$27.91

Margin of Safety+82.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.78%

Terminal growth rate(%)

Computed WACC: 7.78%

Cost of equity (Re)12.21%(Rf 4.30% + β 1.44 × 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)63.69%

Debt weight (D/V)36.31%

Results

Current Price$27.91

Implied Near-term FCF Growth-1.3%

Historical Revenue Growth9.0%

Historical Earnings Growth-6.3%

Base FCF (TTM)$137.48M

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$27.91

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $212.20M

Target EV/EBITDA multipleCurrent: 9.7×

Net Debt($B)Default: $598.10M

Results

Implied Equity Value / share$28.74

Current Price$27.91

Upside / Downside+3.0%

Implied EV$2.06B

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

Mult \ Net Debt	-$1.40B	-$401.90M	$598.10M	$1.60B	$2.60B
5.7x	$51.36	$31.71	$12.06	$-7.59	$-27.24
7.7x	$59.70	$40.05	$20.40	$0.75	$-18.90
9.7x	$68.04	$48.39	$28.74	$9.09	$-10.56
11.7x	$76.38	$56.73	$37.08	$17.43	$-2.22
13.7x	$84.72	$65.07	$45.42	$25.77	$6.12

← Overview Financial Statements ← Companies