LOB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($36.60)
DCF	$16.52	-54.9%
Graham Number	$35.46	-3.1%
Reverse DCF	—	—
DDM	$2.47	-93.2%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 70.2% / EPS: 346.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.99%

Computed WACC: 13.99%

Cost of equity (Re)14.85%(Rf 4.30% + β 1.92 × 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)94.16%

Debt weight (D/V)5.84%

Results

Intrinsic Value / share$16.52

Current Price$36.60

Upside / Downside-54.9%

Net Debt (used)-$760.59M

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

WACC \ Near-term	338.6%	342.6%	346.6%	350.6%	354.6%
7.0%	$16.52	$16.52	$16.52	$16.52	$16.52
8.0%	$16.52	$16.52	$16.52	$16.52	$16.52
9.0%	$16.52	$16.52	$16.52	$16.52	$16.52
10.0%	$16.52	$16.52	$16.52	$16.52	$16.52
11.0%	$16.52	$16.52	$16.52	$16.52	$16.52

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.23

Book Value / share($)Yahoo: $25.06

Results

Graham Number$35.46

Current Price$36.60

Margin of Safety-3.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.99%

Terminal growth rate(%)

Computed WACC: 13.99%

Cost of equity (Re)14.85%(Rf 4.30% + β 1.92 × 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)94.16%

Debt weight (D/V)5.84%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$36.60

Implied Near-term FCF Growth—

Historical Revenue Growth70.2%

Historical Earnings Growth346.6%

Base FCF (TTM)—

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: $0.12

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$2.47

Current Price$36.60

Upside / Downside-93.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$760.59M

Results

Implied Equity Value / share$16.52

Current Price$36.60

Upside / Downside-54.9%

Implied EV$0

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