GEF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($73.16)
DCF	$-36.71	-150.2%
Graham Number	$53.39	-27.0%
Reverse DCF	—	—
DDM	$45.73	-37.5%
EV/EBITDA	$173.90	+137.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: -2.2% / EPS: 691.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.33%

Computed WACC: 7.33%

Cost of equity (Re)9.35%(Rf 4.30% + β 0.92 × 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)78.37%

Debt weight (D/V)21.63%

Results

Intrinsic Value / share$-36.71

Current Price$73.16

Upside / Downside-150.2%

Net Debt (used)$908.60M

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

WACC \ Near-term	683.7%	687.7%	691.7%	695.7%	699.7%
7.0%	$-36.71	$-36.71	$-36.71	$-36.71	$-36.71
8.0%	$-36.71	$-36.71	$-36.71	$-36.71	$-36.71
9.0%	$-36.71	$-36.71	$-36.71	$-36.71	$-36.71
10.0%	$-36.71	$-36.71	$-36.71	$-36.71	$-36.71
11.0%	$-36.71	$-36.71	$-36.71	$-36.71	$-36.71

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.42

Book Value / share($)Yahoo: $52.34

Results

Graham Number$53.39

Current Price$73.16

Margin of Safety-27.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.33%

Terminal growth rate(%)

Computed WACC: 7.33%

Cost of equity (Re)9.35%(Rf 4.30% + β 0.92 × 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)78.37%

Debt weight (D/V)21.63%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$73.16

Implied Near-term FCF Growth—

Historical Revenue Growth-2.2%

Historical Earnings Growth691.7%

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

Annual dividend D0($/share)Yahoo: $2.22

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$45.73

Current Price$73.16

Upside / Downside-37.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $578.52M

Target EV/EBITDA multipleCurrent: 9.0×

Net Debt($B)Default: $908.60M

Results

Implied Equity Value / share$173.90

Current Price$73.16

Upside / Downside+137.7%

Implied EV$5.21B

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

Mult \ Net Debt	-$1.09B	-$91.40M	$908.60M	$1.91B	$2.91B
5.0x	$161.21	$120.81	$80.41	$40.01	$-0.39
7.0x	$207.96	$167.56	$127.16	$86.76	$46.36
9.0x	$254.70	$214.30	$173.90	$133.50	$93.10
11.0x	$301.45	$261.05	$220.65	$180.25	$139.85
13.0x	$348.19	$307.79	$267.39	$226.99	$186.59

← Overview Financial Statements ← Companies