GWW — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1151.41)
DCF	$356.44	-69.0%
Graham Number	$250.40	-78.3%
Reverse DCF	—	implied g: 23.9%
DDM	$186.22	-83.8%
EV/EBITDA	$1160.83	+0.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.09B

Near-term growth (yrs 1–5)(%)Rev: 4.5% / EPS: -2.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.79%

Computed WACC: 9.79%

Cost of equity (Re)10.31%(Rf 4.30% + β 1.09 × 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)95.03%

Debt weight (D/V)4.97%

Results

Intrinsic Value / share$312.10

Current Price$1151.41

Upside / Downside-72.9%

Net Debt (used)$2.28B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$359.92	$442.42	$538.40	$649.49	$777.44
8.0%	$287.32	$353.72	$430.86	$520.02	$622.59
9.0%	$237.01	$292.31	$356.44	$430.47	$515.53
10.0%	$200.08	$247.26	$301.89	$364.87	$437.15
11.0%	$171.81	$212.79	$260.19	$314.75	$377.31

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $35.37

Book Value / share($)Yahoo: $78.79

Results

Graham Number$250.40

Current Price$1151.41

Margin of Safety-78.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.79%

Terminal growth rate(%)

Computed WACC: 9.79%

Cost of equity (Re)10.31%(Rf 4.30% + β 1.09 × 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)95.03%

Debt weight (D/V)4.97%

Results

Current Price$1151.41

Implied Near-term FCF Growth26.4%

Historical Revenue Growth4.5%

Historical Earnings Growth-2.0%

Base FCF (TTM)$1.09B

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: $9.04

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$186.22

Current Price$1151.41

Upside / Downside-83.8%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.96B

Target EV/EBITDA multipleCurrent: 19.3×

Net Debt($B)Default: $2.28B

Results

Implied Equity Value / share$1160.83

Current Price$1151.41

Upside / Downside+0.8%

Implied EV$57.27B

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

Mult \ Net Debt	$277.00M	$1.28B	$2.28B	$3.28B	$4.28B
15.3x	$952.86	$931.75	$910.64	$889.53	$868.42
17.3x	$1077.95	$1056.84	$1035.73	$1014.63	$993.52
19.3x	$1203.04	$1181.94	$1160.83	$1139.72	$1118.61
21.3x	$1328.14	$1307.03	$1285.92	$1264.81	$1243.70
23.3x	$1453.23	$1432.12	$1411.01	$1389.90	$1368.79

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