FROG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($39.19)
DCF	$87.43	+123.1%
Graham Number	—	—
Reverse DCF	—	implied g: 9.5%
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $174.90M

Near-term growth (yrs 1–5)(%)Rev: 25.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.22%

Computed WACC: 11.22%

Cost of equity (Re)11.25%(Rf 4.30% + β 1.26 × 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)99.74%

Debt weight (D/V)0.26%

Results

Intrinsic Value / share$63.11

Current Price$39.19

Upside / Downside+61.0%

Net Debt (used)-$691.96M

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

WACC \ Near-term	17.2%	21.2%	25.2%	29.2%	33.2%
7.0%	$96.69	$112.63	$130.78	$151.35	$174.58
8.0%	$78.19	$90.77	$105.07	$121.28	$139.57
9.0%	$65.49	$75.76	$87.43	$100.65	$115.56
10.0%	$56.27	$64.86	$74.62	$85.67	$98.13
11.0%	$49.28	$56.61	$64.93	$74.35	$84.95

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.62

Book Value / share($)Yahoo: $7.42

Results

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

Graham Number—

Current Price$39.19

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.22%

Terminal growth rate(%)

Computed WACC: 11.22%

Cost of equity (Re)11.25%(Rf 4.30% + β 1.26 × 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)99.74%

Debt weight (D/V)0.26%

Results

Current Price$39.19

Implied Near-term FCF Growth15.2%

Historical Revenue Growth25.2%

Historical Earnings Growth—

Base FCF (TTM)$174.90M

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$39.19

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$61.01M

Target EV/EBITDA multipleCurrent: -65.5×

Net Debt($B)Default: -$691.96M

Results

Implied Equity Value / share$39.19

Current Price$39.19

Upside / Downside-0.0%

Implied EV$4.00B

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