MEC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($21.54)
DCF	$9.39	-56.4%
Graham Number	$12.54	-41.8%
Reverse DCF	—	implied g: 14.3%
DDM	—	—
EV/EBITDA	$21.54	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $22.80M

Near-term growth (yrs 1–5)(%)Rev: 6.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.54%

Computed WACC: 6.54%

Cost of equity (Re)10.28%(Rf 4.30% + β 1.09 × 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)63.63%

Debt weight (D/V)36.37%

Results

Intrinsic Value / share$22.97

Current Price$21.54

Upside / Downside+6.6%

Net Debt (used)$248.93M

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

WACC \ Near-term	-1.4%	2.6%	6.6%	10.6%	14.6%
7.0%	$9.77	$14.18	$19.30	$25.21	$32.01
8.0%	$5.79	$9.34	$13.44	$18.18	$23.62
9.0%	$3.04	$5.98	$9.39	$13.32	$17.82
10.0%	$1.02	$3.53	$6.42	$9.76	$13.58
11.0%	$-0.52	$1.65	$4.16	$7.04	$10.34

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.58

Book Value / share($)Yahoo: $12.05

Results

Graham Number$12.54

Current Price$21.54

Margin of Safety-41.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.54%

Terminal growth rate(%)

Computed WACC: 6.54%

Cost of equity (Re)10.28%(Rf 4.30% + β 1.09 × 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)63.63%

Debt weight (D/V)36.37%

Results

Current Price$21.54

Implied Near-term FCF Growth5.9%

Historical Revenue Growth6.6%

Historical Earnings Growth—

Base FCF (TTM)$22.80M

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$21.54

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $46.58M

Target EV/EBITDA multipleCurrent: 14.7×

Net Debt($B)Default: $248.93M

Results

Implied Equity Value / share$21.54

Current Price$21.54

Upside / Downside-0.0%

Implied EV$686.57M

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

Mult \ Net Debt	-$1.75B	-$751.07M	$248.93M	$1.25B	$2.25B
10.7x	$110.80	$61.59	$12.37	$-36.85	$-86.06
12.7x	$115.39	$66.17	$16.95	$-32.26	$-81.48
14.7x	$119.97	$70.76	$21.54	$-27.68	$-76.89
16.7x	$124.56	$75.34	$26.12	$-23.09	$-72.31
18.7x	$129.14	$79.93	$30.71	$-18.51	$-67.72

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