GTY — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($33.13)
DCF	$55.55	+67.7%
Graham Number	$23.33	-29.6%
Reverse DCF	—	implied g: 10.6%
DDM	$39.96	+20.6%
EV/EBITDA	$33.13	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $122.85M

Near-term growth (yrs 1–5)(%)Rev: 14.2% / EPS: 17.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.29%

Computed WACC: 7.29%

Cost of equity (Re)9.04%(Rf 4.30% + β 0.86 × ERP 5.50%)

Cost of debt (Rd)4.88%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)66.24%

Debt weight (D/V)33.76%

Results

Intrinsic Value / share$84.74

Current Price$33.13

Upside / Downside+155.8%

Net Debt (used)$1.00B

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

WACC \ Near-term	9.0%	13.0%	17.0%	21.0%	25.0%
7.0%	$60.88	$75.34	$91.93	$110.88	$132.45
8.0%	$45.74	$57.22	$70.38	$85.41	$102.50
9.0%	$35.31	$44.74	$55.55	$67.89	$81.90
10.0%	$27.70	$35.65	$44.75	$55.13	$66.91
11.0%	$21.93	$28.75	$36.56	$45.45	$55.53

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.35

Book Value / share($)Yahoo: $17.92

Results

Graham Number$23.33

Current Price$33.13

Margin of Safety-29.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.29%

Terminal growth rate(%)

Computed WACC: 7.29%

Cost of equity (Re)9.04%(Rf 4.30% + β 0.86 × ERP 5.50%)

Cost of debt (Rd)4.88%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)66.24%

Debt weight (D/V)33.76%

Results

Current Price$33.13

Implied Near-term FCF Growth5.3%

Historical Revenue Growth14.2%

Historical Earnings Growth17.0%

Base FCF (TTM)$122.85M

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: $1.94

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$39.96

Current Price$33.13

Upside / Downside+20.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $186.95M

Target EV/EBITDA multipleCurrent: 16.0×

Net Debt($B)Default: $1.00B

Results

Implied Equity Value / share$33.13

Current Price$33.13

Upside / Downside-0.0%

Implied EV$2.98B

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

Mult \ Net Debt	$1.00B	$1.00B	$1.00B	$1.00B	$1.00B
12.0x	$20.63	$20.63	$20.63	$20.63	$20.63
14.0x	$26.88	$26.88	$26.88	$26.88	$26.88
16.0x	$33.13	$33.13	$33.13	$33.13	$33.13
18.0x	$39.38	$39.38	$39.38	$39.38	$39.38
20.0x	$45.63	$45.63	$45.63	$45.63	$45.63

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