KLIC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($66.26)
DCF	$102.90	+55.3%
Graham Number	—	—
Reverse DCF	—	implied g: 11.6%
DDM	$16.89	-74.5%
EV/EBITDA	$70.27	+6.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $117.03M

Near-term growth (yrs 1–5)(%)Rev: 20.2% / EPS: -78.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.99%

Computed WACC: 12.99%

Cost of equity (Re)13.13%(Rf 4.30% + β 1.60 × 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)98.94%

Debt weight (D/V)1.06%

Results

Intrinsic Value / share$62.26

Current Price$66.26

Upside / Downside-6.0%

Net Debt (used)-$444.15M

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

WACC \ Near-term	12.2%	16.2%	20.2%	24.2%	28.2%
7.0%	$111.36	$130.08	$151.49	$175.88	$203.54
8.0%	$90.93	$105.75	$122.69	$141.97	$163.84
9.0%	$76.87	$89.02	$102.90	$118.68	$136.57
10.0%	$66.64	$76.85	$88.50	$101.74	$116.74
11.0%	$58.88	$67.62	$77.58	$88.91	$101.72

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.19

Book Value / share($)Yahoo: $15.77

Results

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

Graham Number—

Current Price$66.26

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.99%

Terminal growth rate(%)

Computed WACC: 12.99%

Cost of equity (Re)13.13%(Rf 4.30% + β 1.60 × 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)98.94%

Debt weight (D/V)1.06%

Results

Current Price$66.26

Implied Near-term FCF Growth21.6%

Historical Revenue Growth20.2%

Historical Earnings Growth-78.8%

Base FCF (TTM)$117.03M

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: $0.82

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$16.89

Current Price$66.26

Upside / Downside-74.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $34.20M

Target EV/EBITDA multipleCurrent: 94.5×

Net Debt($B)Default: -$444.15M

Results

Implied Equity Value / share$70.27

Current Price$66.26

Upside / Downside+6.1%

Implied EV$3.23B

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

Mult \ Net Debt	-$2.44B	-$1.44B	-$444.15M	$555.85M	$1.56B
90.5x	$105.88	$86.77	$67.66	$48.54	$29.43
92.5x	$107.18	$88.07	$68.96	$49.85	$30.74
94.5x	$108.49	$89.38	$70.27	$51.16	$32.05
96.5x	$109.80	$90.69	$71.58	$52.47	$33.36
98.5x	$111.11	$92.00	$72.88	$53.77	$34.66

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