GRC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($65.32)
DCF	$124.35	+90.4%
Graham Number	$26.76	-59.0%
Reverse DCF	—	implied g: 13.6%
DDM	$15.66	-76.0%
EV/EBITDA	$65.32	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $68.61M

Near-term growth (yrs 1–5)(%)Rev: 2.4% / EPS: 23.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.61%

Computed WACC: 9.61%

Cost of equity (Re)11.33%(Rf 4.30% + β 1.28 × 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)84.82%

Debt weight (D/V)15.18%

Results

Intrinsic Value / share$110.83

Current Price$65.32

Upside / Downside+69.7%

Net Debt (used)$272.45M

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

WACC \ Near-term	15.8%	19.8%	23.8%	27.8%	31.8%
7.0%	$138.76	$165.18	$195.29	$229.48	$268.13
8.0%	$108.60	$129.46	$153.23	$180.18	$210.65
9.0%	$87.89	$104.94	$124.35	$146.36	$171.22
10.0%	$72.84	$87.13	$103.38	$121.79	$142.58
11.0%	$61.44	$73.64	$87.50	$103.20	$120.92

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.02

Book Value / share($)Yahoo: $15.76

Results

Graham Number$26.76

Current Price$65.32

Margin of Safety-59.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.61%

Terminal growth rate(%)

Computed WACC: 9.61%

Cost of equity (Re)11.33%(Rf 4.30% + β 1.28 × 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)84.82%

Debt weight (D/V)15.18%

Results

Current Price$65.32

Implied Near-term FCF Growth15.4%

Historical Revenue Growth2.4%

Historical Earnings Growth23.8%

Base FCF (TTM)$68.61M

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: $0.76

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$15.66

Current Price$65.32

Upside / Downside-76.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $127.61M

Target EV/EBITDA multipleCurrent: 15.6×

Net Debt($B)Default: $272.45M

Results

Implied Equity Value / share$65.32

Current Price$65.32

Upside / Downside-0.0%

Implied EV$1.99B

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

Mult \ Net Debt	-$1.73B	-$727.55M	$272.45M	$1.27B	$2.27B
11.6x	$121.93	$83.92	$45.92	$7.92	$-30.09
13.6x	$131.63	$93.62	$55.62	$17.62	$-20.39
15.6x	$141.33	$103.32	$65.32	$27.31	$-10.69
17.6x	$151.03	$113.02	$75.02	$37.01	$-0.99
19.6x	$160.73	$122.72	$84.72	$46.71	$8.71

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