MET-PA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($21.71)
DCF	$-863.27	-4076.4%
Graham Number	$87.25	+301.9%
Reverse DCF	—	—
DDM	$27.81	+28.1%
EV/EBITDA	$14.89	-31.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$12.74B

Near-term growth (yrs 1–5)(%)Rev: 27.6% / EPS: -34.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.07%

Computed WACC: 4.07%

Cost of equity (Re)8.40%(Rf 4.30% + β 0.74 × ERP 5.50%)

Cost of debt (Rd)1.62%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)39.22%

Debt weight (D/V)60.78%

Results

Intrinsic Value / share$-4050.88

Current Price$21.71

Upside / Downside-18759.0%

Net Debt (used)$39.72B

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

WACC \ Near-term	19.6%	23.6%	27.6%	31.6%	35.6%
7.0%	$-965.59	$-1125.02	$-1306.07	$-1510.87	$-1741.71
8.0%	$-775.35	$-900.89	$-1043.37	$-1204.47	$-1385.96
9.0%	$-644.88	$-747.20	$-863.27	$-994.44	$-1142.14
10.0%	$-550.17	$-635.68	$-732.61	$-842.09	$-965.32
11.0%	$-478.55	$-551.35	$-633.84	$-726.96	$-831.72

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $7.81

Book Value / share($)Yahoo: $43.33

Results

Graham Number$87.25

Current Price$21.71

Margin of Safety+301.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.07%

Terminal growth rate(%)

Computed WACC: 4.07%

Cost of equity (Re)8.40%(Rf 4.30% + β 0.74 × ERP 5.50%)

Cost of debt (Rd)1.62%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)39.22%

Debt weight (D/V)60.78%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$21.71

Implied Near-term FCF Growth—

Historical Revenue Growth27.6%

Historical Earnings Growth-34.2%

Base FCF (TTM)-$12.74B

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: $1.35

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$27.81

Current Price$21.71

Upside / Downside+28.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $5.96B

Target EV/EBITDA multipleCurrent: 9.1×

Net Debt($B)Default: $39.72B

Results

Implied Equity Value / share$14.89

Current Price$21.71

Upside / Downside-31.4%

Implied EV$54.42B

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

Mult \ Net Debt	$19.72B	$29.72B	$39.72B	$49.72B	$59.72B
5.1x	$10.99	$0.86	$-9.28	$-19.41	$-29.54
7.1x	$23.07	$12.94	$2.81	$-7.33	$-17.46
9.1x	$35.16	$25.02	$14.89	$4.76	$-5.38
11.1x	$47.24	$37.11	$26.97	$16.84	$6.71
13.1x	$59.32	$49.19	$39.06	$28.92	$18.79

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