KDP — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($29.97)
DCF	$6.80	-77.3%
Graham Number	$22.04	-26.4%
Reverse DCF	—	implied g: 23.9%
DDM	$18.95	-36.8%
EV/EBITDA	$29.97	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.13B

Near-term growth (yrs 1–5)(%)Rev: 10.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.25%

Computed WACC: 4.25%

Cost of equity (Re)6.25%(Rf 4.30% + β 0.35 × 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)67.92%

Debt weight (D/V)32.08%

Results

Intrinsic Value / share$66.09

Current Price$29.97

Upside / Downside+120.5%

Net Debt (used)$18.21B

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

WACC \ Near-term	2.5%	6.5%	10.5%	14.5%	18.5%
7.0%	$7.63	$11.74	$16.48	$21.93	$28.18
8.0%	$3.71	$6.98	$10.77	$15.12	$20.10
9.0%	$0.99	$3.70	$6.83	$10.43	$14.53
10.0%	$-0.99	$1.31	$3.96	$6.99	$10.46
11.0%	$-2.51	$-0.52	$1.76	$4.38	$7.37

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.15

Book Value / share($)Yahoo: $18.78

Results

Graham Number$22.04

Current Price$29.97

Margin of Safety-26.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.25%

Terminal growth rate(%)

Computed WACC: 4.25%

Cost of equity (Re)6.25%(Rf 4.30% + β 0.35 × 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)67.92%

Debt weight (D/V)32.08%

Results

Current Price$29.97

Implied Near-term FCF Growth1.6%

Historical Revenue Growth10.5%

Historical Earnings Growth—

Base FCF (TTM)$1.13B

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: $0.92

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$18.95

Current Price$29.97

Upside / Downside-36.8%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $4.46B

Target EV/EBITDA multipleCurrent: 13.2×

Net Debt($B)Default: $18.21B

Results

Implied Equity Value / share$29.97

Current Price$29.97

Upside / Downside+0.0%

Implied EV$58.93B

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

Mult \ Net Debt	$8.21B	$13.21B	$18.21B	$23.21B	$28.21B
9.2x	$24.19	$20.51	$16.83	$13.15	$9.47
11.2x	$30.76	$27.08	$23.40	$19.72	$16.04
13.2x	$37.33	$33.65	$29.97	$26.29	$22.61
15.2x	$43.91	$40.23	$36.55	$32.87	$29.18
17.2x	$50.48	$46.80	$43.12	$39.44	$35.76

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