MGPI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($19.00)
DCF	$116.74	+514.4%
Graham Number	—	—
Reverse DCF	—	implied g: -19.5%
DDM	$9.89	-48.0%
EV/EBITDA	$18.99	-0.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $155.73M

Near-term growth (yrs 1–5)(%)Rev: -23.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.65%

Computed WACC: 4.65%

Cost of equity (Re)6.48%(Rf 4.30% + β 0.40 × ERP 5.50%)

Cost of debt (Rd)2.39%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)60.28%

Debt weight (D/V)39.72%

Results

Intrinsic Value / share$379.81

Current Price$19.00

Upside / Downside+1899.0%

Net Debt (used)$248.15M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$117.84	$144.03	$174.50	$209.76	$250.37
8.0%	$94.80	$115.88	$140.36	$168.66	$201.22
9.0%	$78.83	$96.38	$116.74	$140.24	$167.24
10.0%	$67.11	$82.08	$99.42	$119.41	$142.36
11.0%	$58.14	$71.15	$86.19	$103.51	$123.36

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.63

Book Value / share($)Yahoo: $33.90

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$19.00

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.65%

Terminal growth rate(%)

Computed WACC: 4.65%

Cost of equity (Re)6.48%(Rf 4.30% + β 0.40 × ERP 5.50%)

Cost of debt (Rd)2.39%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)60.28%

Debt weight (D/V)39.72%

Results

Current Price$19.00

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-23.5%

Historical Earnings Growth—

Base FCF (TTM)$155.73M

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: $0.48

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$9.89

Current Price$19.00

Upside / Downside-48.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $107.59M

Target EV/EBITDA multipleCurrent: 6.1×

Net Debt($B)Default: $248.15M

Results

Implied Equity Value / share$18.99

Current Price$19.00

Upside / Downside-0.1%

Implied EV$652.44M

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

Mult \ Net Debt	-$1.75B	-$751.85M	$248.15M	$1.25B	$2.25B
2.1x	$92.70	$45.74	$-1.22	$-48.19	$-95.15
4.1x	$102.80	$55.84	$8.88	$-38.08	$-85.04
6.1x	$112.91	$65.95	$18.99	$-27.97	$-74.94
8.1x	$123.01	$76.05	$29.09	$-17.87	$-64.83
10.1x	$133.12	$86.16	$39.20	$-7.76	$-54.73

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