MCBS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($28.38)
DCF	$-4.69	-116.5%
Graham Number	$33.50	+18.0%
Reverse DCF	—	—
DDM	$20.19	-28.9%
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: 24.5% / EPS: 8.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.03%

Computed WACC: 5.03%

Cost of equity (Re)8.27%(Rf 4.30% + β 0.72 × 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)60.89%

Debt weight (D/V)39.11%

Results

Intrinsic Value / share$-4.69

Current Price$28.38

Upside / Downside-116.5%

Net Debt (used)$135.29M

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

WACC \ Near-term	16.5%	20.5%	24.5%	28.5%	32.5%
7.0%	$-4.69	$-4.69	$-4.69	$-4.69	$-4.69
8.0%	$-4.69	$-4.69	$-4.69	$-4.69	$-4.69
9.0%	$-4.69	$-4.69	$-4.69	$-4.69	$-4.69
10.0%	$-4.69	$-4.69	$-4.69	$-4.69	$-4.69
11.0%	$-4.69	$-4.69	$-4.69	$-4.69	$-4.69

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.64

Book Value / share($)Yahoo: $18.89

Results

Graham Number$33.50

Current Price$28.38

Margin of Safety+18.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.03%

Terminal growth rate(%)

Computed WACC: 5.03%

Cost of equity (Re)8.27%(Rf 4.30% + β 0.72 × 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)60.89%

Debt weight (D/V)39.11%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$28.38

Implied Near-term FCF Growth—

Historical Revenue Growth24.5%

Historical Earnings Growth8.4%

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: $0.98

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$20.19

Current Price$28.38

Upside / Downside-28.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $135.29M

Results

Implied Equity Value / share$-4.69

Current Price$28.38

Upside / Downside-116.5%

Implied EV$0

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