IGIC

IGIC — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($25.31)
DCF$5.07-80.0%
Graham Number$33.18+31.1%
Reverse DCF
DDM$4.12-83.7%
EV/EBITDA$24.79-2.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: -6.5% / EPS: 16.4%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$5.07
Current Price$25.31
Upside / Downside-80.0%
Net Debt (used)-$217.40M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term8.4%12.4%16.4%20.4%24.4%
7.0%$5.07$5.07$5.07$5.07$5.07
8.0%$5.07$5.07$5.07$5.07$5.07
9.0%$5.07$5.07$5.07$5.07$5.07
10.0%$5.07$5.07$5.07$5.07$5.07
11.0%$5.07$5.07$5.07$5.07$5.07

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.89
Yahoo: $16.93

Results

Graham Number$33.18
Current Price$25.31
Margin of Safety+31.1%
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$25.31
Implied Near-term FCF Growth
Historical Revenue Growth-6.5%
Historical Earnings Growth16.4%
Base FCF (TTM)
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: $0.20

Results

DDM Intrinsic Value / share$4.12
Current Price$25.31
Upside / Downside-83.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $122.50M
Current: 6.9×
Default: -$217.40M

Results

Implied Equity Value / share$24.79
Current Price$25.31
Upside / Downside-2.1%
Implied EV$844.54M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.22B-$1.22B-$217.40M$782.60M$1.78B
2.9x$60.03$36.69$13.35$-9.99$-33.33
4.9x$65.75$42.41$19.07$-4.27$-27.61
6.9x$71.47$48.13$24.79$1.45$-21.90
8.9x$77.19$53.85$30.51$7.16$-16.18
10.9x$82.91$59.57$36.22$12.88$-10.46