MFC

MFC — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($34.95)
DCF$221.77+534.5%
Graham Number$32.73-6.3%
Reverse DCFimplied g: -20.0%
DDM$26.99-22.8%
EV/EBITDA$37.95+8.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $20.80B
Rev: -34.9% / EPS: -6.1%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$221.77
Current Price$34.95
Upside / Downside+534.5%
Net Debt (used)-$6.73B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$223.64$268.05$319.72$379.52$448.40
8.0%$184.56$220.30$261.83$309.82$365.04
9.0%$157.48$187.24$221.77$261.62$307.41
10.0%$137.60$162.99$192.40$226.30$265.21
11.0%$122.38$144.44$169.95$199.33$233.00

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.25
Yahoo: $21.17

Results

Graham Number$32.73
Current Price$34.95
Margin of Safety-6.3%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$34.95
Implied Near-term FCF Growth-20.0%
Historical Revenue Growth-34.9%
Historical Earnings Growth-6.1%
Base FCF (TTM)$20.80B
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

Yahoo: $1.31

Results

DDM Intrinsic Value / share$26.99
Current Price$34.95
Upside / Downside-22.8%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $9.29B
Current: 6.1×
Default: -$6.73B

Results

Implied Equity Value / share$37.95
Current Price$34.95
Upside / Downside+8.6%
Implied EV$56.89B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$10.73B-$8.73B-$6.73B-$4.73B-$2.73B
2.1x$18.16$16.97$15.78$14.59$13.39
4.1x$29.25$28.05$26.86$25.67$24.48
6.1x$40.33$39.14$37.95$36.75$35.56
8.1x$51.41$50.22$49.03$47.84$46.64
10.1x$62.50$61.31$60.11$58.92$57.73