LINE

LINE — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($40.78)
DCF$49.18+20.6%
Graham Number
Reverse DCFimplied g: 3.2%
DDM$43.47+6.6%
EV/EBITDA$44.67+9.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $1.10B
Rev: -0.2% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$49.18
Current Price$40.78
Upside / Downside+20.6%
Net Debt (used)$8.06B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$49.90$67.14$87.19$110.39$137.12
8.0%$34.74$48.61$64.72$83.35$104.77
9.0%$24.23$35.78$49.18$64.64$82.41
10.0%$16.52$26.37$37.78$50.94$66.04
11.0%$10.61$19.17$29.07$40.47$53.54

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-0.62
Yahoo: $36.33

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$40.78
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$40.78
Implied Near-term FCF Growth3.2%
Historical Revenue Growth-0.2%
Historical Earnings Growth
Base FCF (TTM)$1.10B
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

Yahoo: $2.11

Results

DDM Intrinsic Value / share$43.47
Current Price$40.78
Upside / Downside+6.6%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.14B
Current: 16.0×
Default: $8.06B

Results

Implied Equity Value / share$44.67
Current Price$40.78
Upside / Downside+9.5%
Implied EV$18.26B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$4.06B$6.06B$8.06B$10.06B$12.06B
12.0x$42.20$33.44$24.68$15.92$7.16
14.0x$52.20$43.44$34.68$25.92$17.16
16.0x$62.20$53.44$44.67$35.91$27.15
18.0x$72.19$63.43$54.67$45.91$37.15
20.0x$82.19$73.43$64.67$55.91$47.14