MBC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($10.01)
DCF	$9.08	-9.2%
Graham Number	$7.07	-29.4%
Reverse DCF	—	implied g: 5.9%
DDM	—	—
EV/EBITDA	$10.12	+1.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $122.41M

Near-term growth (yrs 1–5)(%)Rev: -3.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.42%

Computed WACC: 6.42%

Cost of equity (Re)12.32%(Rf 4.30% + β 1.46 × 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)52.09%

Debt weight (D/V)47.91%

Results

Intrinsic Value / share$20.31

Current Price$10.01

Upside / Downside+102.9%

Net Debt (used)$990.70M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$9.23	$12.66	$16.66	$21.29	$26.62
8.0%	$6.20	$8.97	$12.18	$15.90	$20.17
9.0%	$4.11	$6.41	$9.08	$12.17	$15.71
10.0%	$2.57	$4.53	$6.81	$9.43	$12.44
11.0%	$1.39	$3.10	$5.07	$7.35	$9.95

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.21

Book Value / share($)Yahoo: $10.57

Results

Graham Number$7.07

Current Price$10.01

Margin of Safety-29.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.42%

Terminal growth rate(%)

Computed WACC: 6.42%

Cost of equity (Re)12.32%(Rf 4.30% + β 1.46 × 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)52.09%

Debt weight (D/V)47.91%

Results

Current Price$10.01

Implied Near-term FCF Growth-2.1%

Historical Revenue Growth-3.5%

Historical Earnings Growth—

Base FCF (TTM)$122.41M

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$10.01

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $256.10M

Target EV/EBITDA multipleCurrent: 8.9×

Net Debt($B)Default: $990.70M

Results

Implied Equity Value / share$10.12

Current Price$10.01

Upside / Downside+1.1%

Implied EV$2.28B

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

Mult \ Net Debt	-$1.01B	-$9.30M	$990.70M	$1.99B	$2.99B
4.9x	$17.77	$9.93	$2.09	$-5.75	$-13.59
6.9x	$21.79	$13.94	$6.10	$-1.74	$-9.58
8.9x	$25.80	$17.96	$10.12	$2.28	$-5.56
10.9x	$29.82	$21.98	$14.14	$6.29	$-1.55
12.9x	$33.83	$25.99	$18.15	$10.31	$2.47

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