GEN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($22.35)
DCF	$112.51	+403.4%
Graham Number	$9.16	-59.0%
Reverse DCF	—	implied g: 3.7%
DDM	$10.30	-53.9%
EV/EBITDA	$22.35	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.32B

Near-term growth (yrs 1–5)(%)Rev: 25.8% / EPS: 20.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.47%

Computed WACC: 8.47%

Cost of equity (Re)10.35%(Rf 4.30% + β 1.10 × ERP 5.50%)

Cost of debt (Rd)6.86%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)61.93%

Debt weight (D/V)38.07%

Results

Intrinsic Value / share$125.75

Current Price$22.35

Upside / Downside+462.7%

Net Debt (used)$7.86B

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

WACC \ Near-term	17.8%	21.8%	25.8%	29.8%	33.8%
7.0%	$127.09	$151.54	$179.36	$210.87	$246.45
8.0%	$98.51	$117.79	$139.70	$164.53	$192.53
9.0%	$78.89	$94.63	$112.51	$132.74	$155.56
10.0%	$64.65	$77.81	$92.76	$109.67	$128.73
11.0%	$53.87	$65.09	$77.83	$92.22	$108.44

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.97

Book Value / share($)Yahoo: $3.85

Results

Graham Number$9.16

Current Price$22.35

Margin of Safety-59.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.47%

Terminal growth rate(%)

Computed WACC: 8.47%

Cost of equity (Re)10.35%(Rf 4.30% + β 1.10 × ERP 5.50%)

Cost of debt (Rd)6.86%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)61.93%

Debt weight (D/V)38.07%

Results

Current Price$22.35

Implied Near-term FCF Growth2.3%

Historical Revenue Growth25.8%

Historical Earnings Growth20.1%

Base FCF (TTM)$1.32B

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: $0.50

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$10.30

Current Price$22.35

Upside / Downside-53.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.01B

Target EV/EBITDA multipleCurrent: 10.6×

Net Debt($B)Default: $7.86B

Results

Implied Equity Value / share$22.35

Current Price$22.35

Upside / Downside-0.0%

Implied EV$21.39B

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

Mult \ Net Debt	$3.86B	$5.86B	$7.86B	$9.86B	$11.86B
6.6x	$15.66	$12.36	$9.05	$5.75	$2.45
8.6x	$22.31	$19.00	$15.70	$12.40	$9.10
10.6x	$28.95	$25.65	$22.35	$19.05	$15.74
12.6x	$35.60	$32.30	$29.00	$25.69	$22.39
14.6x	$42.25	$38.95	$35.64	$32.34	$29.04

← Overview Financial Statements ← Companies