MDV — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($15.11)
DCF	$-55.61	-468.0%
Graham Number	—	—
Reverse DCF	—	—
DDM	$24.72	+63.6%
EV/EBITDA	$19.20	+27.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$17.14M

Near-term growth (yrs 1–5)(%)Rev: 1.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.85%

Computed WACC: 3.85%

Cost of equity (Re)2.53%(Rf 4.30% + β -0.32 × ERP 5.50%)

Cost of debt (Rd)5.80%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)35.69%

Debt weight (D/V)64.31%

Results

Intrinsic Value / share$-168.76

Current Price$15.11

Upside / Downside-1216.9%

Net Debt (used)$270.52M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-55.86	$-61.84	$-68.78	$-76.83	$-86.09
8.0%	$-50.61	$-55.41	$-61.00	$-67.45	$-74.88
9.0%	$-46.97	$-50.97	$-55.61	$-60.97	$-67.13
10.0%	$-44.29	$-47.71	$-51.66	$-56.22	$-61.45
11.0%	$-42.25	$-45.21	$-48.64	$-52.59	$-57.12

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.27

Book Value / share($)Yahoo: $16.06

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$15.11

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.85%

Terminal growth rate(%)

Computed WACC: 3.85%

Cost of equity (Re)2.53%(Rf 4.30% + β -0.32 × ERP 5.50%)

Cost of debt (Rd)5.80%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)35.69%

Debt weight (D/V)64.31%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$15.11

Implied Near-term FCF Growth—

Historical Revenue Growth1.8%

Historical Earnings Growth—

Base FCF (TTM)-$17.14M

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$15.11

Upside / Downside+63.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $35.33M

Target EV/EBITDA multipleCurrent: 13.2×

Net Debt($B)Default: $270.52M

Results

Implied Equity Value / share$19.20

Current Price$15.11

Upside / Downside+27.1%

Implied EV$467.82M

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

Mult \ Net Debt	-$1.73B	-$729.48M	$270.52M	$1.27B	$2.27B
9.2x	$200.09	$102.77	$5.45	$-91.88	$-189.20
11.2x	$206.97	$109.65	$12.32	$-85.00	$-182.32
13.2x	$213.85	$116.53	$19.20	$-78.12	$-175.44
15.2x	$220.73	$123.40	$26.08	$-71.24	$-168.57
17.2x	$227.61	$130.28	$32.96	$-64.37	$-161.69

← Overview Financial Statements ← Companies