GRPN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($12.48)
DCF	$41.72	+234.3%
Graham Number	—	—
Reverse DCF	—	implied g: -10.9%
DDM	—	—
EV/EBITDA	$12.48	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $90.25M

Near-term growth (yrs 1–5)(%)Rev: 7.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.38%

Computed WACC: 2.38%

Cost of equity (Re)4.02%(Rf 4.30% + β -0.05 × 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)59.15%

Debt weight (D/V)40.85%

Results

Intrinsic Value / share—

Current Price$12.48

Upside / Downside—

Net Debt (used)$112.75M

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

WACC \ Near-term	-0.7%	3.3%	7.3%	11.3%	15.3%
7.0%	$42.60	$51.64	$62.13	$74.23	$88.14
8.0%	$34.36	$41.61	$50.02	$59.71	$70.83
9.0%	$28.65	$34.68	$41.65	$49.67	$58.87
10.0%	$24.47	$29.60	$35.52	$42.33	$50.13
11.0%	$21.28	$25.72	$30.84	$36.73	$43.47

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-3.54

Book Value / share($)Yahoo: $-1.46

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative. BVPS is zero or negative.

Graham Number—

Current Price$12.48

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.38%

Terminal growth rate(%)

Computed WACC: 2.38%

Cost of equity (Re)4.02%(Rf 4.30% + β -0.05 × 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)59.15%

Debt weight (D/V)40.85%

Results

Current Price$12.48

Implied Near-term FCF Growth65.0%

Historical Revenue Growth7.3%

Historical Earnings Growth—

Base FCF (TTM)$90.25M

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$12.48

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $4.04M

Target EV/EBITDA multipleCurrent: 154.0×

Net Debt($B)Default: $112.75M

Results

Implied Equity Value / share$12.48

Current Price$12.48

Upside / Downside+0.0%

Implied EV$621.53M

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

Mult \ Net Debt	-$1.89B	-$887.25M	$112.75M	$1.11B	$2.11B
150.0x	$61.16	$36.62	$12.09	$-12.45	$-36.99
152.0x	$61.36	$36.82	$12.29	$-12.25	$-36.79
154.0x	$61.56	$37.02	$12.48	$-12.05	$-36.59
156.0x	$61.76	$37.22	$12.68	$-11.85	$-36.39
158.0x	$61.95	$37.42	$12.88	$-11.66	$-36.19

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