GCT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($43.01)
DCF	$500.06	+1062.7%
Graham Number	$31.31	-27.2%
Reverse DCF	—	implied g: -4.9%
DDM	—	—
EV/EBITDA	$54.35	+26.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $132.41M

Near-term growth (yrs 1–5)(%)Rev: 22.6% / EPS: 37.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.02%

Computed WACC: 13.02%

Cost of equity (Re)16.80%(Rf 4.30% + β 2.27 × 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)77.52%

Debt weight (D/V)22.48%

Results

Intrinsic Value / share$266.70

Current Price$43.01

Upside / Downside+520.1%

Net Debt (used)$53.58M

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

WACC \ Near-term	29.7%	33.7%	37.7%	41.7%	45.7%
7.0%	$584.72	$678.61	$784.27	$902.79	$1035.32
8.0%	$459.90	$533.36	$616.00	$708.68	$812.27
9.0%	$374.52	$434.03	$500.94	$575.95	$659.78
10.0%	$312.74	$362.16	$417.71	$479.95	$549.49
11.0%	$266.17	$307.99	$354.98	$407.62	$466.40

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.31

Book Value / share($)Yahoo: $13.16

Results

Graham Number$31.31

Current Price$43.01

Margin of Safety-27.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.02%

Terminal growth rate(%)

Computed WACC: 13.02%

Cost of equity (Re)16.80%(Rf 4.30% + β 2.27 × 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)77.52%

Debt weight (D/V)22.48%

Results

Current Price$43.01

Implied Near-term FCF Growth3.2%

Historical Revenue Growth22.6%

Historical Earnings Growth37.7%

Base FCF (TTM)$132.41M

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$43.01

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $153.40M

Target EV/EBITDA multipleCurrent: 10.6×

Net Debt($B)Default: $53.58M

Results

Implied Equity Value / share$54.35

Current Price$43.01

Upside / Downside+26.4%

Implied EV$1.63B

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

Mult \ Net Debt	-$1.95B	-$946.42M	$53.58M	$1.05B	$2.05B
6.6x	$102.19	$67.68	$33.17	$-1.33	$-35.84
8.6x	$112.77	$78.27	$43.76	$9.25	$-25.25
10.6x	$123.36	$88.85	$54.35	$19.84	$-14.67
12.6x	$133.95	$99.44	$64.93	$30.43	$-4.08
14.6x	$144.53	$110.03	$75.52	$41.01	$6.51

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