MOH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($145.51)
DCF	$43.19	-70.3%
Graham Number	$126.54	-13.0%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$152.42	+4.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$100.00M

Near-term growth (yrs 1–5)(%)Rev: 7.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.58%

Computed WACC: 4.58%

Cost of equity (Re)7.05%(Rf 4.30% + β 0.50 × 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)64.94%

Debt weight (D/V)35.06%

Results

Intrinsic Value / share$-41.62

Current Price$145.51

Upside / Downside-128.6%

Net Debt (used)-$4.21B

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

WACC \ Near-term	-0.9%	3.1%	7.1%	11.1%	15.1%
7.0%	$42.47	$34.64	$25.55	$15.05	$2.98
8.0%	$49.59	$43.31	$36.02	$27.61	$17.96
9.0%	$54.52	$49.30	$43.26	$36.29	$28.31
10.0%	$58.14	$53.69	$48.56	$42.64	$35.87
11.0%	$60.90	$57.05	$52.60	$47.49	$41.64

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $8.92

Book Value / share($)Yahoo: $79.78

Results

Graham Number$126.54

Current Price$145.51

Margin of Safety-13.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.58%

Terminal growth rate(%)

Computed WACC: 4.58%

Cost of equity (Re)7.05%(Rf 4.30% + β 0.50 × 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)64.94%

Debt weight (D/V)35.06%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$145.51

Implied Near-term FCF Growth—

Historical Revenue Growth7.1%

Historical Earnings Growth—

Base FCF (TTM)-$100.00M

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$145.51

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $902.00M

Target EV/EBITDA multipleCurrent: 4.0×

Net Debt($B)Default: -$4.21B

Results

Implied Equity Value / share$152.42

Current Price$145.51

Upside / Downside+4.7%

Implied EV$3.64B

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

Mult \ Net Debt	-$6.21B	-$5.21B	-$4.21B	-$3.21B	-$2.21B
0.0x	$121.20	$101.78	$82.36	$62.94	$43.53
2.0x	$156.22	$136.81	$117.39	$97.97	$78.55
4.0x	$191.25	$171.84	$152.42	$133.00	$113.58
6.0x	$226.28	$206.87	$187.45	$168.03	$148.61
8.0x	$261.31	$241.89	$222.48	$203.06	$183.64

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