MEDP — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($457.47)
DCF	$1361.41	+197.6%
Graham Number	$74.59	-83.7%
Reverse DCF	—	implied g: 12.2%
DDM	—	—
EV/EBITDA	$457.46	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $472.38M

Near-term growth (yrs 1–5)(%)Rev: 32.0% / EPS: 26.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.20%

Computed WACC: 12.20%

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)98.96%

Debt weight (D/V)1.04%

Results

Intrinsic Value / share$827.52

Current Price$457.47

Upside / Downside+80.9%

Net Debt (used)-$360.20M

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

WACC \ Near-term	24.0%	28.0%	32.0%	36.0%	40.0%
7.0%	$1554.81	$1812.07	$2103.02	$2430.90	$2799.14
8.0%	$1232.53	$1434.51	$1662.83	$1920.03	$2208.77
9.0%	$1011.78	$1175.93	$1361.41	$1570.26	$1804.63
10.0%	$851.78	$988.55	$1143.02	$1316.88	$1511.90
11.0%	$730.95	$847.08	$978.18	$1125.66	$1291.02

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $15.28

Book Value / share($)Yahoo: $16.18

Results

Graham Number$74.59

Current Price$457.47

Margin of Safety-83.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.20%

Terminal growth rate(%)

Computed WACC: 12.20%

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)98.96%

Debt weight (D/V)1.04%

Results

Current Price$457.47

Implied Near-term FCF Growth20.4%

Historical Revenue Growth32.0%

Historical Earnings Growth26.9%

Base FCF (TTM)$472.38M

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$457.47

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $563.06M

Target EV/EBITDA multipleCurrent: 22.4×

Net Debt($B)Default: -$360.20M

Results

Implied Equity Value / share$457.46

Current Price$457.47

Upside / Downside-0.0%

Implied EV$12.62B

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

Mult \ Net Debt	-$2.36B	-$1.36B	-$360.20M	$639.80M	$1.64B
18.4x	$448.58	$413.34	$378.11	$342.87	$307.64
20.4x	$488.25	$453.02	$417.79	$382.55	$347.32
22.4x	$527.93	$492.70	$457.46	$422.23	$387.00
24.4x	$567.61	$532.38	$497.14	$461.91	$426.67
26.4x	$607.29	$572.05	$536.82	$501.59	$466.35

← Overview Financial Statements ← Companies