LNC-PD

LNC-PD — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($26.54)
DCF$87111636358.07+328227717903.3%
Graham Number
Reverse DCFimplied g: -20.0%
DDM$46.35+74.6%
EV/EBITDA$6031120448.00+22724643637.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $2.80B
Rev: -3.1% / EPS: -60.7%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$87111636358.07
Current Price$26.54
Upside / Downside+328227717903.3%
Net Debt (used)-$38.01B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$87533467723.03$97548417785.95$109199639673.86$122684624828.67$138216290311.47
8.0%$78721206653.34$86782037527.76$96145647448.33$106968471161.92$119419126350.81
9.0%$72614658128.87$79326605778.02$87111636358.07$96097942921.85$106423672763.96
10.0%$68131768599.45$73857815379.14$80489476723.27$88134384925.02$96908505478.88
11.0%$64699674676.27$69674558933.91$75427812652.62$82051470691.89$89644672645.63

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: —
Yahoo: $52.20

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$26.54
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$26.54
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth-3.1%
Historical Earnings Growth-60.7%
Base FCF (TTM)$2.80B
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: $2.25

Results

DDM Intrinsic Value / share$46.35
Current Price$26.54
Upside / Downside+74.6%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.21B
Current: -26.4×
Default: -$38.01B

Results

Implied Equity Value / share$6031120448.00
Current Price$26.54
Upside / Downside+22724643637.8%
Implied EV-$31.98B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$58.01B-$48.01B-$38.01B-$28.01B-$18.01B
-30.4x$21191120448.00$11191120448.00$1191120448.00$-8808879552.00$-18808879552.00
-28.4x$23611120448.00$13611120448.00$3611120448.00$-6388879552.00$-16388879552.00
-26.4x$26031120448.00$16031120448.00$6031120448.00$-3968879552.00$-13968879552.00
-24.4x$28451120448.00$18451120448.00$8451120448.00$-1548879552.00$-11548879552.00
-22.4x$30871120448.00$20871120448.00$10871120448.00$871120448.00$-9128879552.00