LIND — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($19.40)
DCF	$81.63	+320.8%
Graham Number	—	—
Reverse DCF	—	implied g: 2.5%
DDM	—	—
EV/EBITDA	$25.21	+30.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $98.25M

Near-term growth (yrs 1–5)(%)Rev: 23.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.29%

Computed WACC: 10.29%

Cost of equity (Re)16.71%(Rf 4.30% + β 2.26 × 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)61.57%

Debt weight (D/V)38.43%

Results

Intrinsic Value / share$64.58

Current Price$19.40

Upside / Downside+232.9%

Net Debt (used)$414.01M

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

WACC \ Near-term	15.3%	19.3%	23.3%	27.3%	31.3%
7.0%	$91.13	$108.67	$128.66	$151.37	$177.07
8.0%	$71.23	$85.08	$100.87	$118.78	$139.04
9.0%	$57.56	$68.88	$81.78	$96.41	$112.94
10.0%	$47.62	$57.12	$67.92	$80.16	$93.99
11.0%	$40.09	$48.20	$57.42	$67.87	$79.65

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.67

Book Value / share($)Yahoo: $-5.14

Results

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

Graham Number—

Current Price$19.40

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.29%

Terminal growth rate(%)

Computed WACC: 10.29%

Cost of equity (Re)16.71%(Rf 4.30% + β 2.26 × 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)61.57%

Debt weight (D/V)38.43%

Results

Current Price$19.40

Implied Near-term FCF Growth5.6%

Historical Revenue Growth23.3%

Historical Earnings Growth—

Base FCF (TTM)$98.25M

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$19.40

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $115.05M

Target EV/EBITDA multipleCurrent: 15.7×

Net Debt($B)Default: $414.01M

Results

Implied Equity Value / share$25.21

Current Price$19.40

Upside / Downside+30.0%

Implied EV$1.81B

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

Mult \ Net Debt	-$1.59B	-$585.99M	$414.01M	$1.41B	$2.41B
11.7x	$53.01	$34.96	$16.91	$-1.14	$-19.19
13.7x	$57.16	$39.11	$21.06	$3.01	$-15.04
15.7x	$61.32	$43.26	$25.21	$7.16	$-10.89
17.7x	$65.47	$47.42	$29.37	$11.32	$-6.73
19.7x	$69.62	$51.57	$33.52	$15.47	$-2.58

← Overview Financial Statements ← Companies