MNRO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($21.00)
DCF	$48139.25	+229134.5%
Graham Number	—	—
Reverse DCF	—	implied g: 1.0%
DDM	$23.07	+9.9%
EV/EBITDA	$21.53	+2.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $80.13M

Near-term growth (yrs 1–5)(%)Rev: -4.1% / EPS: 161.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.60%

Computed WACC: 5.60%

Cost of equity (Re)9.92%(Rf 4.30% + β 1.02 × 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)56.48%

Debt weight (D/V)43.52%

Results

Intrinsic Value / share$128650.16

Current Price$21.00

Upside / Downside+612519.8%

Net Debt (used)$480.84M

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

WACC \ Near-term	153.3%	157.3%	161.3%	165.3%	169.3%
7.0%	$68608.00	$74196.51	$80143.37	$86465.56	$93180.58
8.0%	$52299.21	$56558.80	$61091.49	$65910.21	$71028.31
9.0%	$41266.87	$44627.51	$48203.59	$52005.31	$56043.19
10.0%	$33380.36	$36098.42	$38990.69	$42065.43	$45331.14
11.0%	$27513.47	$29753.52	$32137.12	$34671.07	$37362.38

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.48

Book Value / share($)Yahoo: $20.15

Results

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

Graham Number—

Current Price$21.00

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.60%

Terminal growth rate(%)

Computed WACC: 5.60%

Cost of equity (Re)9.92%(Rf 4.30% + β 1.02 × 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)56.48%

Debt weight (D/V)43.52%

Results

Current Price$21.00

Implied Near-term FCF Growth-9.7%

Historical Revenue Growth-4.1%

Historical Earnings Growth161.3%

Base FCF (TTM)$80.13M

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: $1.12

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$23.07

Current Price$21.00

Upside / Downside+9.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $85.19M

Target EV/EBITDA multipleCurrent: 13.2×

Net Debt($B)Default: $480.84M

Results

Implied Equity Value / share$21.53

Current Price$21.00

Upside / Downside+2.5%

Implied EV$1.13B

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

Mult \ Net Debt	-$1.52B	-$519.16M	$480.84M	$1.48B	$2.48B
9.2x	$76.80	$43.49	$10.18	$-23.13	$-56.44
11.2x	$82.48	$49.17	$15.86	$-17.46	$-50.77
13.2x	$88.15	$54.84	$21.53	$-11.78	$-45.09
15.2x	$93.83	$60.52	$27.21	$-6.11	$-39.42
17.2x	$99.50	$66.19	$32.88	$-0.43	$-33.74

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