MAT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($16.40)
DCF	$21.41	+30.5%
Graham Number	$14.38	-12.3%
Reverse DCF	—	implied g: 3.7%
DDM	—	—
EV/EBITDA	$16.95	+3.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $393.69M

Near-term growth (yrs 1–5)(%)Rev: 7.3% / EPS: -18.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.29%

Computed WACC: 5.29%

Cost of equity (Re)8.07%(Rf 4.30% + β 0.69 × 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)65.51%

Debt weight (D/V)34.49%

Results

Intrinsic Value / share$57.47

Current Price$16.40

Upside / Downside+250.4%

Net Debt (used)$1.44B

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

WACC \ Near-term	-0.7%	3.3%	7.3%	11.3%	15.3%
7.0%	$21.92	$27.24	$33.41	$40.53	$48.71
8.0%	$17.08	$21.34	$26.29	$31.99	$38.53
9.0%	$13.72	$17.26	$21.36	$26.08	$31.50
10.0%	$11.26	$14.27	$17.76	$21.77	$26.36
11.0%	$9.38	$11.99	$15.01	$18.47	$22.43

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.24

Book Value / share($)Yahoo: $7.41

Results

Graham Number$14.38

Current Price$16.40

Margin of Safety-12.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.29%

Terminal growth rate(%)

Computed WACC: 5.29%

Cost of equity (Re)8.07%(Rf 4.30% + β 0.69 × 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)65.51%

Debt weight (D/V)34.49%

Results

Current Price$16.40

Implied Near-term FCF Growth-8.8%

Historical Revenue Growth7.3%

Historical Earnings Growth-18.5%

Base FCF (TTM)$393.69M

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$16.40

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $754.85M

Target EV/EBITDA multipleCurrent: 8.7×

Net Debt($B)Default: $1.44B

Results

Implied Equity Value / share$16.95

Current Price$16.40

Upside / Downside+3.4%

Implied EV$6.56B

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

Mult \ Net Debt	$1.44B	$1.44B	$1.44B	$1.44B	$1.44B
4.7x	$6.96	$6.96	$6.96	$6.96	$6.96
6.7x	$11.95	$11.95	$11.95	$11.95	$11.95
8.7x	$16.95	$16.95	$16.95	$16.95	$16.95
10.7x	$21.95	$21.95	$21.95	$21.95	$21.95
12.7x	$26.94	$26.94	$26.94	$26.94	$26.94

← Overview Financial Statements ← Companies