LBTYA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($12.71)
DCF	$-95.10	-848.2%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$25.59	+101.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$401.22M

Near-term growth (yrs 1–5)(%)Rev: 9.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.73%

Computed WACC: 2.73%

Cost of equity (Re)8.91%(Rf 4.30% + β 0.84 × 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)30.57%

Debt weight (D/V)69.43%

Results

Intrinsic Value / share$-1637.07

Current Price$12.71

Upside / Downside-12980.2%

Net Debt (used)$7.39B

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

WACC \ Near-term	1.6%	5.6%	9.6%	13.6%	17.6%
7.0%	$-96.92	$-107.63	$-120.03	$-134.31	$-150.67
8.0%	$-86.80	$-95.37	$-105.28	$-116.68	$-129.73
9.0%	$-79.80	$-86.90	$-95.10	$-104.52	$-115.29
10.0%	$-74.68	$-80.71	$-87.66	$-95.63	$-104.74
11.0%	$-70.77	$-75.98	$-81.98	$-88.86	$-96.71

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-20.86

Book Value / share($)Yahoo: $29.08

Results

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

Graham Number—

Current Price$12.71

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.73%

Terminal growth rate(%)

Computed WACC: 2.73%

Cost of equity (Re)8.91%(Rf 4.30% + β 0.84 × 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)30.57%

Debt weight (D/V)69.43%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$12.71

Implied Near-term FCF Growth—

Historical Revenue Growth9.6%

Historical Earnings Growth—

Base FCF (TTM)-$401.22M

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$12.71

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.11B

Target EV/EBITDA multipleCurrent: 10.6×

Net Debt($B)Default: $7.39B

Results

Implied Equity Value / share$25.59

Current Price$12.71

Upside / Downside+101.3%

Implied EV$11.86B

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

Mult \ Net Debt	$3.39B	$5.39B	$7.39B	$9.39B	$11.39B
6.6x	$22.98	$11.53	$0.08	$-11.38	$-22.83
8.6x	$35.74	$24.29	$12.83	$1.38	$-10.08
10.6x	$48.50	$37.05	$25.59	$14.14	$2.68
12.6x	$61.26	$49.80	$38.35	$26.89	$15.44
14.6x	$74.01	$62.56	$51.11	$39.65	$28.20

← Overview Financial Statements ← Companies