GAM

GAM — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($61.79)
DCF$0.05-99.9%
Graham Number$146.16+136.5%
Reverse DCF
DDM$9.27-85.0%
EV/EBITDA$69.70+12.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: -22.1% / EPS: 292.3%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$0.05
Current Price$61.79
Upside / Downside-99.9%
Net Debt (used)-$1.12M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term284.3%288.3%292.3%296.3%300.3%
7.0%$0.05$0.05$0.05$0.05$0.05
8.0%$0.05$0.05$0.05$0.05$0.05
9.0%$0.05$0.05$0.05$0.05$0.05
10.0%$0.05$0.05$0.05$0.05$0.05
11.0%$0.05$0.05$0.05$0.05$0.05

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $14.56
Yahoo: $65.21

Results

Graham Number$146.16
Current Price$61.79
Margin of Safety+136.5%
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$61.79
Implied Near-term FCF Growth
Historical Revenue Growth-22.1%
Historical Earnings Growth292.3%
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

Yahoo: $0.45

Results

DDM Intrinsic Value / share$9.27
Current Price$61.79
Upside / Downside-85.0%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $8.63M
Current: 193.8×
Default: -$1.12M

Results

Implied Equity Value / share$69.70
Current Price$61.79
Upside / Downside+12.8%
Implied EV$1.67B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.00B-$1.00B-$1.12M$998.88M$2.00B
189.8x$151.53$109.90$68.26$26.63$-15.00
191.8x$152.25$110.62$68.98$27.35$-14.28
193.8x$152.97$111.33$69.70$28.07$-13.56
195.8x$153.69$112.05$70.42$28.79$-12.85
197.8x$154.41$112.77$71.14$29.51$-12.13