FWONK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($89.20)
DCF	$33.88	-62.0%
Graham Number	$40.12	-55.0%
Reverse DCF	—	implied g: 17.5%
DDM	—	—
EV/EBITDA	$104.90	+17.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $664.25M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.71%

Computed WACC: 6.71%

Cost of equity (Re)8.24%(Rf 4.30% + β 0.72 × 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)81.34%

Debt weight (D/V)18.66%

Results

Intrinsic Value / share$62.53

Current Price$89.20

Upside / Downside-29.9%

Net Debt (used)$4.07B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$34.33	$44.94	$57.29	$71.58	$88.04
8.0%	$24.99	$33.53	$43.45	$54.92	$68.12
9.0%	$18.52	$25.63	$33.88	$43.40	$54.35
10.0%	$13.77	$19.83	$26.86	$34.96	$44.26
11.0%	$10.13	$15.40	$21.50	$28.52	$36.57

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.31

Book Value / share($)Yahoo: $30.97

Results

Graham Number$40.12

Current Price$89.20

Margin of Safety-55.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.71%

Terminal growth rate(%)

Computed WACC: 6.71%

Cost of equity (Re)8.24%(Rf 4.30% + β 0.72 × 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)81.34%

Debt weight (D/V)18.66%

Results

Current Price$89.20

Implied Near-term FCF Growth9.6%

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)$664.25M

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$89.20

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $997.00M

Target EV/EBITDA multipleCurrent: 27.7×

Net Debt($B)Default: $4.07B

Results

Implied Equity Value / share$104.90

Current Price$89.20

Upside / Downside+17.6%

Implied EV$27.58B

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

Mult \ Net Debt	$2.07B	$3.07B	$4.07B	$5.07B	$6.07B
23.7x	$96.03	$91.57	$87.11	$82.65	$78.18
25.7x	$104.93	$100.47	$96.01	$91.54	$87.08
27.7x	$113.83	$109.37	$104.90	$100.44	$95.98
29.7x	$122.73	$118.26	$113.80	$109.34	$104.88
31.7x	$131.62	$127.16	$122.70	$118.24	$113.77

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