LGIH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($48.24)
DCF	$-168.78	-449.9%
Graham Number	$79.76	+65.3%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$50.10	+3.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$131.22M

Near-term growth (yrs 1–5)(%)Rev: -15.0% / EPS: -65.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.69%

Computed WACC: 5.69%

Cost of equity (Re)14.17%(Rf 4.30% + β 1.79 × 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)40.17%

Debt weight (D/V)59.83%

Results

Intrinsic Value / share$-273.39

Current Price$48.24

Upside / Downside-666.7%

Net Debt (used)$1.60B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-169.63	$-189.94	$-213.57	$-240.92	$-272.42
8.0%	$-151.76	$-168.11	$-187.10	$-209.05	$-234.30
9.0%	$-139.38	$-152.99	$-168.78	$-187.00	$-207.94
10.0%	$-130.29	$-141.90	$-155.35	$-170.85	$-188.65
11.0%	$-123.33	$-133.41	$-145.08	$-158.52	$-173.92

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.12

Book Value / share($)Yahoo: $90.62

Results

Graham Number$79.76

Current Price$48.24

Margin of Safety+65.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.69%

Terminal growth rate(%)

Computed WACC: 5.69%

Cost of equity (Re)14.17%(Rf 4.30% + β 1.79 × 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)40.17%

Debt weight (D/V)59.83%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$48.24

Implied Near-term FCF Growth—

Historical Revenue Growth-15.0%

Historical Earnings Growth-65.1%

Base FCF (TTM)-$131.22M

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$48.24

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $87.56M

Target EV/EBITDA multipleCurrent: 31.5×

Net Debt($B)Default: $1.60B

Results

Implied Equity Value / share$50.10

Current Price$48.24

Upside / Downside+3.9%

Implied EV$2.76B

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

Mult \ Net Debt	$1.60B	$1.60B	$1.60B	$1.60B	$1.60B
27.5x	$34.96	$34.96	$34.96	$34.96	$34.96
29.5x	$42.53	$42.53	$42.53	$42.53	$42.53
31.5x	$50.10	$50.10	$50.10	$50.10	$50.10
33.5x	$57.67	$57.67	$57.67	$57.67	$57.67
35.5x	$65.24	$65.24	$65.24	$65.24	$65.24

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