LPLA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($306.00)
DCF	$-58.77	-119.2%
Graham Number	$128.13	-58.1%
Reverse DCF	—	—
DDM	$24.72	-91.9%
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: 41.8% / EPS: 4.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.80%

Computed WACC: 6.80%

Cost of equity (Re)7.36%(Rf 4.30% + β 0.56 × ERP 5.50%)

Cost of debt (Rd)6.33%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)76.39%

Debt weight (D/V)23.61%

Results

Intrinsic Value / share$-58.77

Current Price$306.00

Upside / Downside-119.2%

Net Debt (used)$4.71B

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

WACC \ Near-term	33.8%	37.8%	41.8%	45.8%	49.8%
7.0%	$-58.77	$-58.77	$-58.77	$-58.77	$-58.77
8.0%	$-58.77	$-58.77	$-58.77	$-58.77	$-58.77
9.0%	$-58.77	$-58.77	$-58.77	$-58.77	$-58.77
10.0%	$-58.77	$-58.77	$-58.77	$-58.77	$-58.77
11.0%	$-58.77	$-58.77	$-58.77	$-58.77	$-58.77

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $10.93

Book Value / share($)Yahoo: $66.76

Results

Graham Number$128.13

Current Price$306.00

Margin of Safety-58.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.80%

Terminal growth rate(%)

Computed WACC: 6.80%

Cost of equity (Re)7.36%(Rf 4.30% + β 0.56 × ERP 5.50%)

Cost of debt (Rd)6.33%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)76.39%

Debt weight (D/V)23.61%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$306.00

Implied Near-term FCF Growth—

Historical Revenue Growth41.8%

Historical Earnings Growth4.6%

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: $1.20

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$24.72

Current Price$306.00

Upside / Downside-91.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $4.71B

Results

Implied Equity Value / share$-58.77

Current Price$306.00

Upside / Downside-119.2%

Implied EV$0

← Overview Financial Statements ← Companies