INTU — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($409.03)
DCF	$2487.74	+508.2%
Graham Number	$149.99	-63.3%
Reverse DCF	—	implied g: 8.4%
DDM	$92.29	-77.4%
EV/EBITDA	$263.35	-35.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $5.30B

Near-term growth (yrs 1–5)(%)Rev: 41.0% / EPS: -18.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.70%

Computed WACC: 10.70%

Cost of equity (Re)11.09%(Rf 4.30% + β 1.23 × ERP 5.50%)

Cost of debt (Rd)4.11%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)95.02%

Debt weight (D/V)4.98%

Results

Intrinsic Value / share$1843.45

Current Price$409.03

Upside / Downside+350.7%

Net Debt (used)$0

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

WACC \ Near-term	33.0%	37.0%	41.0%	45.0%	49.0%
7.0%	$2933.40	$3391.90	$3906.53	$4482.32	$5124.59
8.0%	$2303.67	$2661.82	$3063.68	$3513.16	$4014.41
9.0%	$1873.28	$2162.88	$2487.74	$2850.98	$3255.94
10.0%	$1562.08	$1802.18	$2071.41	$2372.36	$2707.79
11.0%	$1327.70	$1530.56	$1757.94	$2012.04	$2295.16

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $14.56

Book Value / share($)Yahoo: $68.67

Results

Graham Number$149.99

Current Price$409.03

Margin of Safety-63.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.70%

Terminal growth rate(%)

Computed WACC: 10.70%

Cost of equity (Re)11.09%(Rf 4.30% + β 1.23 × ERP 5.50%)

Cost of debt (Rd)4.11%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)95.02%

Debt weight (D/V)4.98%

Results

Current Price$409.03

Implied Near-term FCF Growth12.8%

Historical Revenue Growth41.0%

Historical Earnings Growth-18.5%

Base FCF (TTM)$5.30B

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: $4.48

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$92.29

Current Price$409.03

Upside / Downside-77.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $6.11B

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $0

Results

Implied Equity Value / share$263.35

Current Price$409.03

Upside / Downside-35.6%

Implied EV$73.28B

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

Mult \ Net Debt	-$2.00B	-$1.00B	$0	$1.00B	$2.00B
8.0x	$182.76	$179.16	$175.57	$171.97	$168.38
10.0x	$226.65	$223.05	$219.46	$215.87	$212.27
12.0x	$270.54	$266.95	$263.35	$259.76	$256.16
14.0x	$314.43	$310.84	$307.24	$303.65	$300.06
16.0x	$358.32	$354.73	$351.14	$347.54	$343.95

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