ICL

ICL — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($5.04)
DCF$-5.15-202.1%
Graham Number$5.59+11.0%
Reverse DCF
DDM$3.71-26.4%
EV/EBITDA$5.24+4.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$232.75M
Rev: 6.2% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-5.15
Current Price$5.04
Upside / Downside-202.1%
Net Debt (used)$2.26B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-1.8%2.2%6.2%10.2%14.2%
7.0%$-5.20$-5.89$-6.70$-7.63$-8.70
8.0%$-4.58$-5.14$-5.78$-6.53$-7.38
9.0%$-4.15$-4.61$-5.15$-5.77$-6.47
10.0%$-3.83$-4.23$-4.68$-5.21$-5.81
11.0%$-3.59$-3.93$-4.33$-4.78$-5.30

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.30
Yahoo: $4.64

Results

Graham Number$5.59
Current Price$5.04
Margin of Safety+11.0%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$5.04
Implied Near-term FCF Growth
Historical Revenue Growth6.2%
Historical Earnings Growth
Base FCF (TTM)-$232.75M
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

Yahoo: $0.18

Results

DDM Intrinsic Value / share$3.71
Current Price$5.04
Upside / Downside-26.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.20B
Current: 7.6×
Default: $2.26B

Results

Implied Equity Value / share$5.24
Current Price$5.04
Upside / Downside+4.0%
Implied EV$9.02B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$260.00M$1.26B$2.26B$3.26B$4.26B
3.6x$3.09$2.31$1.54$0.76$-0.01
5.6x$4.94$4.16$3.39$2.61$1.84
7.6x$6.79$6.02$5.24$4.47$3.69
9.6x$8.64$7.87$7.09$6.32$5.54
11.6x$10.49$9.72$8.94$8.17$7.40