LTC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($40.01)
DCF	$31490708.35	+78706994.1%
Graham Number	$18.95	-52.6%
Reverse DCF	—	implied g: 7.6%
DDM	$46.97	+17.4%
EV/EBITDA	$42.60	+6.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $133.52M

Near-term growth (yrs 1–5)(%)Rev: 59.0% / EPS: 439.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.24%

Computed WACC: 5.24%

Cost of equity (Re)7.56%(Rf 4.30% + β 0.59 × 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)69.28%

Debt weight (D/V)30.72%

Results

Intrinsic Value / share$100592417.22

Current Price$40.01

Upside / Downside+251418088.5%

Net Debt (used)$830.37M

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

WACC \ Near-term	431.9%	435.9%	439.9%	443.9%	447.9%
7.0%	$49365942.21	$51250262.61	$53191689.05	$55191509.80	$57251032.35
8.0%	$37321301.23	$38745868.02	$40213607.48	$41725493.56	$43282514.73
9.0%	$29203166.28	$30317857.53	$31466330.33	$32649346.75	$33867680.25
10.0%	$23423086.21	$24317147.45	$25238303.81	$26187166.50	$27164355.91
11.0%	$19141717.24	$19872355.54	$20625136.24	$21400558.85	$22199130.32

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.72

Book Value / share($)Yahoo: $22.17

Results

Graham Number$18.95

Current Price$40.01

Margin of Safety-52.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.24%

Terminal growth rate(%)

Computed WACC: 5.24%

Cost of equity (Re)7.56%(Rf 4.30% + β 0.59 × 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)69.28%

Debt weight (D/V)30.72%

Results

Current Price$40.01

Implied Near-term FCF Growth-5.6%

Historical Revenue Growth59.0%

Historical Earnings Growth439.9%

Base FCF (TTM)$133.52M

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: $2.28

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$46.97

Current Price$40.01

Upside / Downside+17.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $110.96M

Target EV/EBITDA multipleCurrent: 25.8×

Net Debt($B)Default: $830.37M

Results

Implied Equity Value / share$42.60

Current Price$40.01

Upside / Downside+6.5%

Implied EV$2.86B

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

Mult \ Net Debt	-$1.17B	-$169.63M	$830.37M	$1.83B	$2.83B
21.8x	$75.28	$54.28	$33.28	$12.27	$-8.73
23.8x	$79.94	$58.94	$37.94	$16.93	$-4.07
25.8x	$84.60	$63.60	$42.60	$21.60	$0.59
27.8x	$89.26	$68.26	$47.26	$26.26	$5.25
29.8x	$93.92	$72.92	$51.92	$30.92	$9.92

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