IDT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($51.56)
DCF	$111.94	+117.1%
Graham Number	$30.44	-41.0%
Reverse DCF	—	implied g: 14.7%
DDM	$4.94	-90.4%
EV/EBITDA	$56.16	+8.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $32.11M

Near-term growth (yrs 1–5)(%)Rev: 4.3% / EPS: 30.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.12%

Computed WACC: 8.12%

Cost of equity (Re)8.13%(Rf 4.30% + β 0.70 × 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)99.87%

Debt weight (D/V)0.13%

Results

Intrinsic Value / share$131.56

Current Price$51.56

Upside / Downside+155.2%

Net Debt (used)-$218.29M

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

WACC \ Near-term	22.6%	26.6%	30.6%	34.6%	38.6%
7.0%	$126.05	$145.73	$168.02	$193.16	$221.43
8.0%	$101.77	$117.24	$134.74	$154.48	$176.66
9.0%	$85.13	$97.71	$111.94	$127.99	$146.01
10.0%	$73.07	$83.56	$95.42	$108.79	$123.79
11.0%	$63.95	$72.87	$82.94	$94.29	$107.03

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.22

Book Value / share($)Yahoo: $12.79

Results

Graham Number$30.44

Current Price$51.56

Margin of Safety-41.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.12%

Terminal growth rate(%)

Computed WACC: 8.12%

Cost of equity (Re)8.13%(Rf 4.30% + β 0.70 × 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)99.87%

Debt weight (D/V)0.13%

Results

Current Price$51.56

Implied Near-term FCF Growth12.0%

Historical Revenue Growth4.3%

Historical Earnings Growth30.6%

Base FCF (TTM)$32.11M

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: $0.24

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$4.94

Current Price$51.56

Upside / Downside-90.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $121.33M

Target EV/EBITDA multipleCurrent: 9.1×

Net Debt($B)Default: -$218.29M

Results

Implied Equity Value / share$56.16

Current Price$51.56

Upside / Downside+8.9%

Implied EV$1.10B

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

Mult \ Net Debt	-$2.22B	-$1.22B	-$218.29M	$781.71M	$1.78B
5.1x	$120.62	$78.06	$35.51	$-7.05	$-49.60
7.1x	$130.94	$88.39	$45.83	$3.28	$-39.28
9.1x	$141.27	$98.72	$56.16	$13.61	$-28.95
11.1x	$151.60	$109.04	$66.49	$23.93	$-18.62
13.1x	$161.92	$119.37	$76.81	$34.26	$-8.30

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