GNW — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($8.55)
DCF	$1.46	-83.0%
Graham Number	$16.47	+92.7%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$11.15	+30.4%

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: 0.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.48%

Computed WACC: 8.48%

Cost of equity (Re)9.81%(Rf 4.30% + β 1.00 × ERP 5.50%)

Cost of debt (Rd)6.93%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)69.30%

Debt weight (D/V)30.70%

Results

Intrinsic Value / share$1.46

Current Price$8.55

Upside / Downside-83.0%

Net Debt (used)-$571.00M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$1.46	$1.46	$1.46	$1.46	$1.46
8.0%	$1.46	$1.46	$1.46	$1.46	$1.46
9.0%	$1.46	$1.46	$1.46	$1.46	$1.46
10.0%	$1.46	$1.46	$1.46	$1.46	$1.46
11.0%	$1.46	$1.46	$1.46	$1.46	$1.46

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.54

Book Value / share($)Yahoo: $22.33

Results

Graham Number$16.47

Current Price$8.55

Margin of Safety+92.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.48%

Terminal growth rate(%)

Computed WACC: 8.48%

Cost of equity (Re)9.81%(Rf 4.30% + β 1.00 × ERP 5.50%)

Cost of debt (Rd)6.93%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)69.30%

Debt weight (D/V)30.70%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$8.55

Implied Near-term FCF Growth—

Historical Revenue Growth0.1%

Historical Earnings Growth—

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$8.55

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $575.33M

Target EV/EBITDA multipleCurrent: 6.6×

Net Debt($B)Default: -$571.00M

Results

Implied Equity Value / share$11.15

Current Price$8.55

Upside / Downside+30.4%

Implied EV$3.80B

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

Mult \ Net Debt	-$2.57B	-$1.57B	-$571.00M	$429.00M	$1.43B
2.6x	$10.38	$7.82	$5.27	$2.72	$0.17
4.6x	$13.31	$10.76	$8.21	$5.66	$3.10
6.6x	$16.25	$13.70	$11.15	$8.59	$6.04
8.6x	$19.19	$16.64	$14.08	$11.53	$8.98
10.6x	$22.12	$19.57	$17.02	$14.47	$11.92

← Overview Financial Statements ← Companies