GBX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($56.66)
DCF	$2.10	-96.3%
Graham Number	$80.22	+41.6%
Reverse DCF	—	implied g: 17.8%
DDM	$26.37	-53.5%
EV/EBITDA	$62.92	+11.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $87.65M

Near-term growth (yrs 1–5)(%)Rev: -19.4% / EPS: -33.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.47%

Computed WACC: 6.47%

Cost of equity (Re)13.23%(Rf 4.30% + β 1.62 × 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)48.89%

Debt weight (D/V)51.11%

Results

Intrinsic Value / share$34.24

Current Price$56.66

Upside / Downside-39.6%

Net Debt (used)$1.47B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$2.53	$12.69	$24.52	$38.20	$53.96
8.0%	$-6.41	$1.77	$11.27	$22.25	$34.89
9.0%	$-12.60	$-5.79	$2.10	$11.22	$21.70
10.0%	$-17.15	$-11.34	$-4.61	$3.14	$12.05
11.0%	$-20.64	$-15.59	$-9.75	$-3.03	$4.67

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $5.73

Book Value / share($)Yahoo: $49.92

Results

Graham Number$80.22

Current Price$56.66

Margin of Safety+41.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.47%

Terminal growth rate(%)

Computed WACC: 6.47%

Cost of equity (Re)13.23%(Rf 4.30% + β 1.62 × 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)48.89%

Debt weight (D/V)51.11%

Results

Current Price$56.66

Implied Near-term FCF Growth8.8%

Historical Revenue Growth-19.4%

Historical Earnings Growth-33.7%

Base FCF (TTM)$87.65M

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: $1.28

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$26.37

Current Price$56.66

Upside / Downside-53.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $400.80M

Target EV/EBITDA multipleCurrent: 8.5×

Net Debt($B)Default: $1.47B

Results

Implied Equity Value / share$62.92

Current Price$56.66

Upside / Downside+11.1%

Implied EV$3.42B

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

Mult \ Net Debt	$1.47B	$1.47B	$1.47B	$1.47B	$1.47B
4.5x	$11.02	$11.02	$11.02	$11.02	$11.02
6.5x	$36.97	$36.97	$36.97	$36.97	$36.97
8.5x	$62.92	$62.92	$62.92	$62.92	$62.92
10.5x	$88.88	$88.88	$88.88	$88.88	$88.88
12.5x	$114.83	$114.83	$114.83	$114.83	$114.83

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