GCMG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($11.70)
DCF	$1178.60	+9973.5%
Graham Number	$2.05	-82.5%
Reverse DCF	—	implied g: 11.6%
DDM	$9.89	-15.5%
EV/EBITDA	$4.34	-62.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $94.21M

Near-term growth (yrs 1–5)(%)Rev: 6.8% / EPS: 104.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.23%

Computed WACC: 7.23%

Cost of equity (Re)8.85%(Rf 4.30% + β 0.83 × 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)81.66%

Debt weight (D/V)18.34%

Results

Intrinsic Value / share$1812.63

Current Price$11.70

Upside / Downside+15392.6%

Net Debt (used)$248.81M

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

WACC \ Near-term	96.4%	100.4%	104.4%	108.4%	112.4%
7.0%	$1584.39	$1752.13	$1933.79	$2130.21	$2342.28
8.0%	$1215.82	$1344.48	$1483.81	$1634.45	$1797.09
9.0%	$965.83	$1067.98	$1178.60	$1298.20	$1427.33
10.0%	$786.60	$869.75	$959.79	$1057.14	$1162.23
11.0%	$652.84	$721.81	$796.50	$877.25	$964.41

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.42

Book Value / share($)Yahoo: $0.45

Results

Graham Number$2.05

Current Price$11.70

Margin of Safety-82.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.23%

Terminal growth rate(%)

Computed WACC: 7.23%

Cost of equity (Re)8.85%(Rf 4.30% + β 0.83 × 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)81.66%

Debt weight (D/V)18.34%

Results

Current Price$11.70

Implied Near-term FCF Growth6.1%

Historical Revenue Growth6.8%

Historical Earnings Growth104.4%

Base FCF (TTM)$94.21M

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: $0.48

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$9.89

Current Price$11.70

Upside / Downside-15.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $137.88M

Target EV/EBITDA multipleCurrent: 7.7×

Net Debt($B)Default: $248.81M

Results

Implied Equity Value / share$4.34

Current Price$11.70

Upside / Downside-62.9%

Implied EV$1.06B

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

Mult \ Net Debt	-$1.75B	-$751.19M	$248.81M	$1.25B	$2.25B
3.7x	$12.10	$6.74	$1.39	$-3.96	$-9.31
5.7x	$13.57	$8.22	$2.87	$-2.48	$-7.83
7.7x	$15.05	$9.70	$4.34	$-1.01	$-6.36
9.7x	$16.52	$11.17	$5.82	$0.47	$-4.88
11.7x	$18.00	$12.65	$7.30	$1.94	$-3.41

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