FTAIM

FTAIM — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($27.32)
DCF$-68198159062.68-249626315752.9%
Graham Number
Reverse DCF
DDM$48.82+78.7%
EV/EBITDA$2802032912.13+10256305375.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$772.45M
Rev: 32.7% / EPS: 29.8%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-68312224261.16
Current Price$27.32
Upside / Downside-250043829592.4%
Net Debt (used)$3.20B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term24.7%28.7%32.7%36.7%40.7%
7.0%$-77848086381.60$-90238700176.65$-104243635732.61$-120016755131.75$-137721427714.10
8.0%$-62206158723.80$-71929362426.07$-82914474293.88$-95281516946.57$-109157919559.26
9.0%$-51494032005.20$-59392618358.70$-68312224261.16$-78349752866.34$-89608079148.84
10.0%$-43731636783.76$-50309798756.27$-57734802154.26$-66086842432.67$-75451050428.93
11.0%$-37871360292.92$-43454149538.12$-49752603258.17$-56834341719.45$-64771140820.29

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: —
Yahoo: $3.26

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$27.32
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$27.32
Implied Near-term FCF Growth
Historical Revenue Growth32.7%
Historical Earnings Growth29.8%
Base FCF (TTM)-$772.45M
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: $2.37

Results

DDM Intrinsic Value / share$48.82
Current Price$27.32
Upside / Downside+78.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.00B
Current: 6.0×
Default: $3.20B

Results

Implied Equity Value / share$2802032912.13
Current Price$27.32
Upside / Downside+10256305375.2%
Implied EV$6.00B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.20B$2.20B$3.20B$4.20B$5.20B
2.0x$792508944.13$-207491055.87$-1207491055.87$-2207491055.87$-3207491055.87
4.0x$2797270928.13$1797270928.13$797270928.13$-202729071.87$-1202729071.87
6.0x$4802032912.13$3802032912.13$2802032912.13$1802032912.13$802032912.13
8.0x$6806794896.13$5806794896.13$4806794896.13$3806794896.13$2806794896.13
10.0x$8811556880.13$7811556880.13$6811556880.13$5811556880.13$4811556880.13