GGG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($93.92)
DCF	$165.26	+76.0%
Graham Number	$33.37	-64.5%
Reverse DCF	—	implied g: 13.6%
DDM	$24.31	-74.1%
EV/EBITDA	$93.92	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $517.79M

Near-term growth (yrs 1–5)(%)Rev: 8.1% / EPS: 23.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.21%

Computed WACC: 10.21%

Cost of equity (Re)10.25%(Rf 4.30% + β 1.08 × 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)99.67%

Debt weight (D/V)0.33%

Results

Intrinsic Value / share$135.63

Current Price$93.92

Upside / Downside+44.4%

Net Debt (used)-$572.49M

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

WACC \ Near-term	15.8%	19.8%	23.8%	27.8%	31.8%
7.0%	$182.56	$214.29	$250.46	$291.51	$337.94
8.0%	$146.34	$171.39	$199.94	$232.31	$268.91
9.0%	$121.46	$141.94	$165.26	$191.69	$221.54
10.0%	$103.38	$120.54	$140.06	$162.18	$187.15
11.0%	$89.69	$104.34	$120.99	$139.85	$161.13

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.08

Book Value / share($)Yahoo: $16.07

Results

Graham Number$33.37

Current Price$93.92

Margin of Safety-64.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.21%

Terminal growth rate(%)

Computed WACC: 10.21%

Cost of equity (Re)10.25%(Rf 4.30% + β 1.08 × 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)99.67%

Debt weight (D/V)0.33%

Results

Current Price$93.92

Implied Near-term FCF Growth16.9%

Historical Revenue Growth8.1%

Historical Earnings Growth23.8%

Base FCF (TTM)$517.79M

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: $1.18

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$24.31

Current Price$93.92

Upside / Downside-74.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $723.17M

Target EV/EBITDA multipleCurrent: 20.7×

Net Debt($B)Default: -$572.49M

Results

Implied Equity Value / share$93.92

Current Price$93.92

Upside / Downside-0.0%

Implied EV$14.96B

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

Mult \ Net Debt	-$2.57B	-$1.57B	-$572.49M	$427.51M	$1.43B
16.7x	$88.52	$82.47	$76.42	$70.37	$64.33
18.7x	$97.27	$91.22	$85.17	$79.12	$73.07
20.7x	$106.02	$99.97	$93.92	$87.87	$81.82
22.7x	$114.76	$108.71	$102.67	$96.62	$90.57
24.7x	$123.51	$117.46	$111.41	$105.37	$99.32

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