JBL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($254.24)
DCF	$2727.98	+973.0%
Graham Number	$42.50	-83.3%
Reverse DCF	—	implied g: 10.5%
DDM	$6.59	-97.4%
EV/EBITDA	$254.28	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.18B

Near-term growth (yrs 1–5)(%)Rev: 18.7% / EPS: 53.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.59%

Computed WACC: 9.59%

Cost of equity (Re)10.81%(Rf 4.30% + β 1.18 × 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)88.74%

Debt weight (D/V)11.26%

Results

Intrinsic Value / share$2430.41

Current Price$254.24

Upside / Downside+856.0%

Net Debt (used)$1.87B

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

WACC \ Near-term	45.4%	49.4%	53.4%	57.4%	61.4%
7.0%	$3337.46	$3818.55	$4353.60	$4947.03	$5603.53
8.0%	$2597.72	$2971.44	$3386.99	$3847.82	$4357.52
9.0%	$2093.30	$2393.85	$2727.98	$3098.43	$3508.10
10.0%	$1729.53	$1977.34	$2252.78	$2558.10	$2895.69
11.0%	$1456.31	$1664.55	$1895.94	$2152.39	$2435.88

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $6.38

Book Value / share($)Yahoo: $12.58

Results

Graham Number$42.50

Current Price$254.24

Margin of Safety-83.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.59%

Terminal growth rate(%)

Computed WACC: 9.59%

Cost of equity (Re)10.81%(Rf 4.30% + β 1.18 × 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)88.74%

Debt weight (D/V)11.26%

Results

Current Price$254.24

Implied Near-term FCF Growth12.1%

Historical Revenue Growth18.7%

Historical Earnings Growth53.4%

Base FCF (TTM)$1.18B

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: $0.32

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$6.59

Current Price$254.24

Upside / Downside-97.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.29B

Target EV/EBITDA multipleCurrent: 12.5×

Net Debt($B)Default: $1.87B

Results

Implied Equity Value / share$254.28

Current Price$254.24

Upside / Downside+0.0%

Implied EV$28.72B

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

Mult \ Net Debt	$1.87B	$1.87B	$1.87B	$1.87B	$1.87B
8.5x	$167.57	$167.57	$167.57	$167.57	$167.57
10.5x	$210.92	$210.92	$210.92	$210.92	$210.92
12.5x	$254.28	$254.28	$254.28	$254.28	$254.28
14.5x	$297.63	$297.63	$297.63	$297.63	$297.63
16.5x	$340.99	$340.99	$340.99	$340.99	$340.99

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