GLAD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($18.46)
DCF	$16.19	-12.3%
Graham Number	$27.41	+48.5%
Reverse DCF	—	implied g: 12.7%
DDM	$38.93	+110.9%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $29.74M

Near-term growth (yrs 1–5)(%)Rev: 11.6% / EPS: -80.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.77%

Computed WACC: 4.77%

Cost of equity (Re)9.42%(Rf 4.30% + β 0.93 × 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)50.68%

Debt weight (D/V)49.32%

Results

Intrinsic Value / share$85.10

Current Price$18.46

Upside / Downside+361.0%

Net Debt (used)$401.73M

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

WACC \ Near-term	3.6%	7.6%	11.6%	15.6%	19.6%
7.0%	$17.73	$24.60	$32.53	$41.65	$52.08
8.0%	$11.04	$16.53	$22.86	$30.12	$38.42
9.0%	$6.43	$10.96	$16.19	$22.18	$29.02
10.0%	$3.06	$6.90	$11.32	$16.38	$22.15
11.0%	$0.49	$3.80	$7.61	$11.96	$16.93

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.58

Book Value / share($)Yahoo: $21.13

Results

Graham Number$27.41

Current Price$18.46

Margin of Safety+48.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.77%

Terminal growth rate(%)

Computed WACC: 4.77%

Cost of equity (Re)9.42%(Rf 4.30% + β 0.93 × 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)50.68%

Debt weight (D/V)49.32%

Results

Current Price$18.46

Implied Near-term FCF Growth-3.9%

Historical Revenue Growth11.6%

Historical Earnings Growth-80.1%

Base FCF (TTM)$29.74M

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: $1.89

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$38.93

Current Price$18.46

Upside / Downside+110.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $401.73M

Results

Implied Equity Value / share$-17.78

Current Price$18.46

Upside / Downside-196.3%

Implied EV$0

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