GPI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($320.32)
DCF	$-156.08	-148.7%
Graham Number	$363.96	+13.6%
Reverse DCF	—	implied g: 20.4%
DDM	$45.32	-85.9%
EV/EBITDA	$316.90	-1.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $226.22M

Near-term growth (yrs 1–5)(%)Rev: 0.6% / EPS: -50.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.75%

Computed WACC: 3.75%

Cost of equity (Re)9.20%(Rf 4.30% + β 0.89 × 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)40.80%

Debt weight (D/V)59.20%

Results

Intrinsic Value / share$1260.77

Current Price$320.32

Upside / Downside+293.6%

Net Debt (used)$5.83B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-153.21	$-85.29	$-6.26	$85.20	$190.55
8.0%	$-212.99	$-158.31	$-94.80	$-21.39	$63.06
9.0%	$-254.40	$-208.88	$-156.08	$-95.12	$-25.09
10.0%	$-284.81	$-245.97	$-200.99	$-149.14	$-89.63
11.0%	$-308.09	$-274.35	$-235.32	$-190.40	$-138.90

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $25.15

Book Value / share($)Yahoo: $234.09

Results

Graham Number$363.96

Current Price$320.32

Margin of Safety+13.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.75%

Terminal growth rate(%)

Computed WACC: 3.75%

Cost of equity (Re)9.20%(Rf 4.30% + β 0.89 × 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)40.80%

Debt weight (D/V)59.20%

Results

Current Price$320.32

Implied Near-term FCF Growth-5.8%

Historical Revenue Growth0.6%

Historical Earnings Growth-50.2%

Base FCF (TTM)$226.22M

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: $2.20

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$45.32

Current Price$320.32

Upside / Downside-85.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.08B

Target EV/EBITDA multipleCurrent: 8.9×

Net Debt($B)Default: $5.83B

Results

Implied Equity Value / share$316.90

Current Price$320.32

Upside / Downside-1.1%

Implied EV$9.61B

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

Mult \ Net Debt	$3.83B	$4.83B	$5.83B	$6.83B	$7.83B
4.9x	$123.13	$39.27	$-44.59	$-128.44	$-212.30
6.9x	$303.87	$220.01	$136.16	$52.30	$-31.55
8.9x	$484.61	$400.76	$316.90	$233.04	$149.19
10.9x	$665.36	$581.50	$497.64	$413.79	$329.93
12.9x	$846.10	$762.24	$678.39	$594.53	$510.68

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