MGEE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($80.78)
DCF	$-88.79	-209.9%
Graham Number	$54.65	-32.3%
Reverse DCF	—	—
DDM	$38.73	-52.1%
EV/EBITDA	$81.85	+1.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$89.25M

Near-term growth (yrs 1–5)(%)Rev: 11.7% / EPS: 5.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.53%

Computed WACC: 6.53%

Cost of equity (Re)8.60%(Rf 4.30% + β 0.78 × 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)75.94%

Debt weight (D/V)24.06%

Results

Intrinsic Value / share$-131.12

Current Price$80.78

Upside / Downside-262.3%

Net Debt (used)$930.07M

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

WACC \ Near-term	3.7%	7.7%	11.7%	15.7%	19.7%
7.0%	$-91.82	$-104.66	$-119.48	$-136.51	$-155.99
8.0%	$-79.31	$-89.56	$-101.38	$-114.95	$-130.45
9.0%	$-70.68	$-79.14	$-88.90	$-100.08	$-112.85
10.0%	$-64.36	$-71.53	$-79.78	$-89.23	$-100.02
11.0%	$-59.55	$-65.74	$-72.85	$-80.98	$-90.25

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.72

Book Value / share($)Yahoo: $35.68

Results

Graham Number$54.65

Current Price$80.78

Margin of Safety-32.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.53%

Terminal growth rate(%)

Computed WACC: 6.53%

Cost of equity (Re)8.60%(Rf 4.30% + β 0.78 × 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)75.94%

Debt weight (D/V)24.06%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$80.78

Implied Near-term FCF Growth—

Historical Revenue Growth11.7%

Historical Earnings Growth5.1%

Base FCF (TTM)-$89.25M

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: $1.88

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$38.73

Current Price$80.78

Upside / Downside-52.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $286.78M

Target EV/EBITDA multipleCurrent: 13.7×

Net Debt($B)Default: $930.07M

Results

Implied Equity Value / share$81.85

Current Price$80.78

Upside / Downside+1.3%

Implied EV$3.92B

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

Mult \ Net Debt	-$1.07B	-$69.93M	$930.07M	$1.93B	$2.93B
9.7x	$105.18	$77.83	$50.48	$23.13	$-4.22
11.7x	$120.86	$93.51	$66.16	$38.81	$11.47
13.7x	$136.55	$109.20	$81.85	$54.50	$27.15
15.7x	$152.24	$124.89	$97.54	$70.19	$42.84
17.7x	$167.92	$140.57	$113.22	$85.87	$58.52

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