LMAT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($107.39)
DCF	$285.93	+166.2%
Graham Number	$30.03	-72.0%
Reverse DCF	—	implied g: 22.4%
DDM	$20.60	-80.8%
EV/EBITDA	$107.71	+0.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $47.35M

Near-term growth (yrs 1–5)(%)Rev: 15.7% / EPS: 41.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.64%

Computed WACC: 7.64%

Cost of equity (Re)8.06%(Rf 4.30% + β 0.68 × ERP 5.50%)

Cost of debt (Rd)2.79%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)92.92%

Debt weight (D/V)7.08%

Results

Intrinsic Value / share$380.07

Current Price$107.39

Upside / Downside+253.9%

Net Debt (used)-$173.53M

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

WACC \ Near-term	33.4%	37.4%	41.4%	45.4%	49.4%
7.0%	$336.19	$387.40	$444.86	$509.12	$580.79
8.0%	$265.59	$305.58	$350.44	$400.60	$456.52
9.0%	$217.34	$249.67	$285.93	$326.45	$371.62
10.0%	$182.46	$209.26	$239.30	$272.87	$310.28
11.0%	$156.19	$178.82	$204.19	$232.53	$264.10

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.32

Book Value / share($)Yahoo: $17.28

Results

Graham Number$30.03

Current Price$107.39

Margin of Safety-72.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.64%

Terminal growth rate(%)

Computed WACC: 7.64%

Cost of equity (Re)8.06%(Rf 4.30% + β 0.68 × ERP 5.50%)

Cost of debt (Rd)2.79%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)92.92%

Debt weight (D/V)7.08%

Results

Current Price$107.39

Implied Near-term FCF Growth17.8%

Historical Revenue Growth15.7%

Historical Earnings Growth41.4%

Base FCF (TTM)$47.35M

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: $1.00

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$20.60

Current Price$107.39

Upside / Downside-80.8%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $73.53M

Target EV/EBITDA multipleCurrent: 30.9×

Net Debt($B)Default: -$173.53M

Results

Implied Equity Value / share$107.71

Current Price$107.39

Upside / Downside+0.3%

Implied EV$2.27B

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

Mult \ Net Debt	-$2.17B	-$1.17B	-$173.53M	$826.47M	$1.83B
26.9x	$182.90	$138.82	$94.74	$50.66	$6.58
28.9x	$189.38	$145.30	$101.22	$57.14	$13.06
30.9x	$195.87	$151.79	$107.71	$63.63	$19.55
32.9x	$202.35	$158.27	$114.19	$70.11	$26.03
34.9x	$208.83	$164.75	$120.67	$76.59	$32.51

← Overview Financial Statements ← Companies