GNL-PD

GNL-PD — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($24.12)
DCF$23656484804.74+98078295110.4%
Graham Number
Reverse DCFimplied g: -20.0%
DDM$38.73+60.6%
EV/EBITDA$5222432214.40+21651874752.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $1.48B
Rev: -15.1% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$23656484804.74
Current Price$24.12
Upside / Downside+98078295110.4%
Net Debt (used)$2.38B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$23880152812.04$29190388393.88$35368225792.20$42518381064.05$50753749405.76
8.0%$19207620049.05$23481721333.59$28446596271.78$34185191393.96$40786912998.74
9.0%$15969739575.04$19528621347.40$23656484804.74$28421301859.69$33896322471.04
10.0%$13592773205.86$16628899912.61$20145211408.43$24198777656.66$28851087141.16
11.0%$11772971094.36$14410808251.26$17461360916.67$20973428813.28$24999578813.18

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: —
Yahoo: $7.71

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$24.12
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$24.12
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth-15.1%
Historical Earnings Growth
Base FCF (TTM)$1.48B
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

Yahoo: $1.88

Results

DDM Intrinsic Value / share$38.73
Current Price$24.12
Upside / Downside+60.6%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $374.47M
Current: 20.3×
Default: $2.38B

Results

Implied Equity Value / share$5222432214.40
Current Price$24.12
Upside / Downside+21651874752.4%
Implied EV$7.60B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$379.25M$1.38B$2.38B$3.38B$4.38B
16.3x$5724564182.40$4724564182.40$3724564182.40$2724564182.40$1724564182.40
18.3x$6473498198.40$5473498198.40$4473498198.40$3473498198.40$2473498198.40
20.3x$7222432214.40$6222432214.40$5222432214.40$4222432214.40$3222432214.40
22.3x$7971366230.40$6971366230.40$5971366230.40$4971366230.40$3971366230.40
24.3x$8720300246.40$7720300246.40$6720300246.40$5720300246.40$4720300246.40