JACK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($15.42)
DCF	$-158.00	-1124.7%
Graham Number	—	—
Reverse DCF	—	—
DDM	$36.26	+135.1%
EV/EBITDA	$15.42	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$25.62M

Near-term growth (yrs 1–5)(%)Rev: -5.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.07%

Computed WACC: 1.07%

Cost of equity (Re)10.65%(Rf 4.30% + β 1.15 × 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)10.07%

Debt weight (D/V)89.93%

Results

Intrinsic Value / share—

Current Price$15.42

Upside / Downside—

Net Debt (used)$2.56B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-158.21	$-163.03	$-168.63	$-175.12	$-182.59
8.0%	$-153.97	$-157.85	$-162.35	$-167.56	$-173.55
9.0%	$-151.03	$-154.26	$-158.00	$-162.33	$-167.30
10.0%	$-148.87	$-151.63	$-154.82	$-158.50	$-162.72
11.0%	$-147.22	$-149.61	$-152.38	$-155.57	$-159.22

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-3.86

Book Value / share($)Yahoo: $-49.19

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative. BVPS is zero or negative.

Graham Number—

Current Price$15.42

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.07%

Terminal growth rate(%)

Computed WACC: 1.07%

Cost of equity (Re)10.65%(Rf 4.30% + β 1.15 × 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)10.07%

Debt weight (D/V)89.93%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$15.42

Implied Near-term FCF Growth—

Historical Revenue Growth-5.8%

Historical Earnings Growth—

Base FCF (TTM)-$25.62M

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: $1.76

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$36.26

Current Price$15.42

Upside / Downside+135.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $242.03M

Target EV/EBITDA multipleCurrent: 11.8×

Net Debt($B)Default: $2.56B

Results

Implied Equity Value / share$15.42

Current Price$15.42

Upside / Downside+0.0%

Implied EV$2.85B

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

Mult \ Net Debt	$558.00M	$1.56B	$2.56B	$3.56B	$4.56B
7.8x	$69.63	$17.10	$-35.43	$-87.97	$-140.50
9.8x	$95.06	$42.53	$-10.00	$-62.54	$-115.07
11.8x	$120.49	$67.96	$15.42	$-37.11	$-89.64
13.8x	$145.92	$93.38	$40.85	$-11.68	$-64.21
15.8x	$171.35	$118.81	$66.28	$13.75	$-38.78

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