LITE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($783.25)
DCF	$-161.00	-120.6%
Graham Number	$30.25	-96.1%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$700.91	-10.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$21.32M

Near-term growth (yrs 1–5)(%)Rev: 65.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.98%

Computed WACC: 11.98%

Cost of equity (Re)12.69%(Rf 4.30% + β 1.53 × 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)94.39%

Debt weight (D/V)5.61%

Results

Intrinsic Value / share$-107.44

Current Price$783.25

Upside / Downside-113.7%

Net Debt (used)$2.17B

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

WACC \ Near-term	57.5%	61.5%	65.5%	69.5%	73.5%
7.0%	$-194.96	$-216.76	$-240.82	$-267.30	$-296.40
8.0%	$-157.99	$-174.85	$-193.46	$-213.94	$-236.44
9.0%	$-132.82	$-146.32	$-161.22	$-177.62	$-195.63
10.0%	$-114.70	$-125.79	$-138.02	$-151.48	$-166.27
11.0%	$-101.12	$-110.40	$-120.64	$-131.90	$-144.26

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.43

Book Value / share($)Yahoo: $11.86

Results

Graham Number$30.25

Current Price$783.25

Margin of Safety-96.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.98%

Terminal growth rate(%)

Computed WACC: 11.98%

Cost of equity (Re)12.69%(Rf 4.30% + β 1.53 × 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)94.39%

Debt weight (D/V)5.61%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$783.25

Implied Near-term FCF Growth—

Historical Revenue Growth65.5%

Historical Earnings Growth—

Base FCF (TTM)-$21.32M

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$783.25

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $267.70M

Target EV/EBITDA multipleCurrent: 195.0×

Net Debt($B)Default: $2.17B

Results

Implied Equity Value / share$700.91

Current Price$783.25

Upside / Downside-10.5%

Implied EV$52.21B

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

Mult \ Net Debt	$167.40M	$1.17B	$2.17B	$3.17B	$4.17B
191.0x	$713.93	$699.92	$685.91	$671.91	$657.90
193.0x	$721.42	$707.42	$693.41	$679.41	$665.40
195.0x	$728.92	$714.92	$700.91	$686.91	$672.90
197.0x	$736.42	$722.42	$708.41	$694.40	$680.40
199.0x	$743.92	$729.91	$715.91	$701.90	$687.90

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