MMSI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($76.50)
DCF	$345.65	+351.8%
Graham Number	$35.75	-53.3%
Reverse DCF	—	implied g: 12.6%
DDM	—	—
EV/EBITDA	$76.50	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $179.71M

Near-term growth (yrs 1–5)(%)Rev: 10.9% / EPS: 38.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.48%

Computed WACC: 6.48%

Cost of equity (Re)7.65%(Rf 4.30% + β 0.61 × 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)84.70%

Debt weight (D/V)15.30%

Results

Intrinsic Value / share$630.47

Current Price$76.50

Upside / Downside+724.1%

Net Debt (used)$375.17M

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

WACC \ Near-term	30.8%	34.8%	38.8%	42.8%	46.8%
7.0%	$405.76	$471.20	$544.77	$627.23	$719.35
8.0%	$317.82	$368.99	$426.50	$490.94	$562.92
9.0%	$257.68	$299.11	$345.65	$397.78	$455.99
10.0%	$214.18	$248.56	$287.18	$330.42	$378.68
11.0%	$181.39	$210.47	$243.12	$279.67	$320.45

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.13

Book Value / share($)Yahoo: $26.66

Results

Graham Number$35.75

Current Price$76.50

Margin of Safety-53.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.48%

Terminal growth rate(%)

Computed WACC: 6.48%

Cost of equity (Re)7.65%(Rf 4.30% + β 0.61 × 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)84.70%

Debt weight (D/V)15.30%

Results

Current Price$76.50

Implied Near-term FCF Growth4.2%

Historical Revenue Growth10.9%

Historical Earnings Growth38.8%

Base FCF (TTM)$179.71M

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$76.50

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $317.07M

Target EV/EBITDA multipleCurrent: 15.5×

Net Debt($B)Default: $375.17M

Results

Implied Equity Value / share$76.50

Current Price$76.50

Upside / Downside-0.0%

Implied EV$4.92B

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

Mult \ Net Debt	-$1.62B	-$624.83M	$375.17M	$1.38B	$2.38B
11.5x	$88.81	$71.98	$55.16	$38.33	$21.51
13.5x	$99.48	$82.65	$65.83	$49.00	$32.18
15.5x	$110.15	$93.32	$76.50	$59.67	$42.85
17.5x	$120.82	$103.99	$87.17	$70.34	$53.52
19.5x	$131.49	$114.66	$97.84	$81.01	$64.19

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