IEX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($211.54)
DCF	$112.72	-46.7%
Graham Number	$88.24	-58.3%
Reverse DCF	—	implied g: 15.2%
DDM	$58.50	-72.3%
EV/EBITDA	$211.53	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $538.91M

Near-term growth (yrs 1–5)(%)Rev: 4.2% / EPS: 5.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.65%

Computed WACC: 8.65%

Cost of equity (Re)9.71%(Rf 4.30% + β 0.98 × 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)89.07%

Debt weight (D/V)10.93%

Results

Intrinsic Value / share$120.53

Current Price$211.54

Upside / Downside-43.0%

Net Debt (used)$1.36B

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

WACC \ Near-term	-2.5%	1.5%	5.5%	9.5%	13.5%
7.0%	$114.45	$141.23	$172.35	$208.36	$249.81
8.0%	$90.70	$112.23	$137.23	$166.11	$199.31
9.0%	$74.25	$92.16	$112.93	$136.89	$164.41
10.0%	$62.17	$77.44	$95.13	$115.50	$138.87
11.0%	$52.93	$66.19	$81.52	$99.16	$119.38

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $6.41

Book Value / share($)Yahoo: $53.99

Results

Graham Number$88.24

Current Price$211.54

Margin of Safety-58.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.65%

Terminal growth rate(%)

Computed WACC: 8.65%

Cost of equity (Re)9.71%(Rf 4.30% + β 0.98 × 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)89.07%

Debt weight (D/V)10.93%

Results

Current Price$211.54

Implied Near-term FCF Growth14.1%

Historical Revenue Growth4.2%

Historical Earnings Growth5.5%

Base FCF (TTM)$538.91M

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: $2.84

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$58.50

Current Price$211.54

Upside / Downside-72.3%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $931.40M

Target EV/EBITDA multipleCurrent: 18.3×

Net Debt($B)Default: $1.36B

Results

Implied Equity Value / share$211.53

Current Price$211.54

Upside / Downside-0.0%

Implied EV$17.09B

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

Mult \ Net Debt	$1.36B	$1.36B	$1.36B	$1.36B	$1.36B
14.3x	$161.42	$161.42	$161.42	$161.42	$161.42
16.3x	$186.47	$186.47	$186.47	$186.47	$186.47
18.3x	$211.53	$211.53	$211.53	$211.53	$211.53
20.3x	$236.58	$236.58	$236.58	$236.58	$236.58
22.3x	$261.64	$261.64	$261.64	$261.64	$261.64

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