FRAF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($52.96)
DCF	$-42.02	-179.3%
Graham Number	$62.94	+18.8%
Reverse DCF	—	—
DDM	$27.19	-48.7%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 54.7% / EPS: 1206.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.92%

Computed WACC: 1.92%

Cost of equity (Re)3.66%(Rf 4.30% + β -0.12 × 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)52.44%

Debt weight (D/V)47.56%

Results

Intrinsic Value / share—

Current Price$52.96

Upside / Downside—

Net Debt (used)$188.29M

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

WACC \ Near-term	1198.5%	1202.5%	1206.5%	1210.5%	1214.5%
7.0%	$-42.02	$-42.02	$-42.02	$-42.02	$-42.02
8.0%	$-42.02	$-42.02	$-42.02	$-42.02	$-42.02
9.0%	$-42.02	$-42.02	$-42.02	$-42.02	$-42.02
10.0%	$-42.02	$-42.02	$-42.02	$-42.02	$-42.02
11.0%	$-42.02	$-42.02	$-42.02	$-42.02	$-42.02

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.74

Book Value / share($)Yahoo: $37.15

Results

Graham Number$62.94

Current Price$52.96

Margin of Safety+18.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.92%

Terminal growth rate(%)

Computed WACC: 1.92%

Cost of equity (Re)3.66%(Rf 4.30% + β -0.12 × 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)52.44%

Debt weight (D/V)47.56%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$52.96

Implied Near-term FCF Growth—

Historical Revenue Growth54.7%

Historical Earnings Growth1206.5%

Base FCF (TTM)—

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: $1.32

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$27.19

Current Price$52.96

Upside / Downside-48.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $188.29M

Results

Implied Equity Value / share$-42.02

Current Price$52.96

Upside / Downside-179.3%

Implied EV$0

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