FRO

FRO — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($39.62)
DCF$437847.40+1105017.1%
Graham Number$16.09-59.4%
Reverse DCFimplied g: 8.7%
DDM$19.16-51.6%
EV/EBITDA$39.62-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $533.21M
Rev: 46.7% / EPS: 241.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$437847.40
Current Price$39.62
Upside / Downside+1105017.1%
Net Debt (used)$2.81B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term233.6%237.6%241.6%245.6%249.6%
7.0%$652225.02$692271.13$734260.58$778263.27$824350.72
8.0%$495055.96$525450.96$557320.90$590718.83$625699.05
9.0%$388931.93$412810.32$437847.40$464084.82$491565.25
10.0%$313222.32$332451.76$352614.27$373743.39$395873.47
11.0%$257023.79$272802.40$289346.59$306683.91$324842.52

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.02
Yahoo: $11.28

Results

Graham Number$16.09
Current Price$39.62
Margin of Safety-59.4%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$39.62
Implied Near-term FCF Growth8.7%
Historical Revenue Growth46.7%
Historical Earnings Growth241.6%
Base FCF (TTM)$533.21M
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: $0.93

Results

DDM Intrinsic Value / share$19.16
Current Price$39.62
Upside / Downside-51.6%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $921.14M
Current: 12.6×
Default: $2.81B

Results

Implied Equity Value / share$39.62
Current Price$39.62
Upside / Downside-0.0%
Implied EV$11.63B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$814.33M$1.81B$2.81B$3.81B$4.81B
8.6x$32.05$27.56$23.07$18.57$14.08
10.6x$40.33$35.83$31.34$26.85$22.36
12.6x$48.60$44.11$39.62$35.13$30.63
14.6x$56.88$52.38$47.89$43.40$38.91
16.6x$65.15$60.66$56.17$51.68$47.18