IESC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($502.37)
DCF	$4693.96	+834.4%
Graham Number	$134.98	-73.1%
Reverse DCF	—	implied g: 22.0%
DDM	—	—
EV/EBITDA	$495.57	-1.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $210.43M

Near-term growth (yrs 1–5)(%)Rev: 16.2% / EPS: 65.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.72%

Computed WACC: 13.72%

Cost of equity (Re)13.81%(Rf 4.30% + β 1.73 × 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)99.35%

Debt weight (D/V)0.65%

Results

Intrinsic Value / share$2151.64

Current Price$502.37

Upside / Downside+328.3%

Net Debt (used)-$192.95M

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

WACC \ Near-term	57.8%	61.8%	65.8%	69.8%	73.8%
7.0%	$5905.15	$6684.37	$7544.16	$8490.63	$9530.17
8.0%	$4580.48	$5183.24	$5848.23	$6580.17	$7384.01
9.0%	$3678.83	$4161.51	$4693.96	$5279.94	$5923.41
10.0%	$3029.85	$3426.14	$3863.24	$4344.22	$4872.32
11.0%	$2543.47	$2875.05	$3240.72	$3643.05	$4084.73

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $16.79

Book Value / share($)Yahoo: $48.23

Results

Graham Number$134.98

Current Price$502.37

Margin of Safety-73.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.72%

Terminal growth rate(%)

Computed WACC: 13.72%

Cost of equity (Re)13.81%(Rf 4.30% + β 1.73 × 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)99.35%

Debt weight (D/V)0.65%

Results

Current Price$502.37

Implied Near-term FCF Growth34.9%

Historical Revenue Growth16.2%

Historical Earnings Growth65.8%

Base FCF (TTM)$210.43M

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$502.37

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $456.26M

Target EV/EBITDA multipleCurrent: 21.2×

Net Debt($B)Default: -$192.95M

Results

Implied Equity Value / share$495.57

Current Price$502.37

Upside / Downside-1.4%

Implied EV$9.68B

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

Mult \ Net Debt	-$2.19B	-$1.19B	-$192.95M	$807.05M	$1.81B
17.2x	$504.35	$454.17	$403.99	$353.81	$303.63
19.2x	$550.14	$499.96	$449.78	$399.60	$349.42
21.2x	$595.93	$545.75	$495.57	$445.39	$395.21
23.2x	$641.72	$591.54	$541.36	$491.18	$441.00
25.2x	$687.51	$637.33	$587.15	$536.97	$486.79

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