MPT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.65)
DCF	$66.58	+1078.5%
Graham Number	—	—
Reverse DCF	—	implied g: 1.7%
DDM	$7.42	+31.3%
EV/EBITDA	$5.62	-0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $872.72M

Near-term growth (yrs 1–5)(%)Rev: 25.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.39%

Computed WACC: 6.39%

Cost of equity (Re)12.25%(Rf 4.30% + β 1.45 × ERP 5.50%)

Cost of debt (Rd)5.50%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)25.80%

Debt weight (D/V)74.20%

Results

Intrinsic Value / share$132.56

Current Price$5.65

Upside / Downside+2246.1%

Net Debt (used)$9.23B

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

WACC \ Near-term	17.4%	21.4%	25.4%	29.4%	33.4%
7.0%	$75.95	$91.94	$110.13	$130.76	$154.04
8.0%	$57.36	$69.96	$84.30	$100.55	$118.88
9.0%	$44.59	$54.88	$66.58	$79.83	$94.77
10.0%	$35.32	$43.93	$53.72	$64.79	$77.28
11.0%	$28.30	$35.65	$43.99	$53.42	$64.04

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.46

Book Value / share($)Yahoo: $7.71

Results

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

Graham Number—

Current Price$5.65

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.39%

Terminal growth rate(%)

Computed WACC: 6.39%

Cost of equity (Re)12.25%(Rf 4.30% + β 1.45 × ERP 5.50%)

Cost of debt (Rd)5.50%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)25.80%

Debt weight (D/V)74.20%

Results

Current Price$5.65

Implied Near-term FCF Growth-6.0%

Historical Revenue Growth25.4%

Historical Earnings Growth—

Base FCF (TTM)$872.72M

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: $0.36

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$7.42

Current Price$5.65

Upside / Downside+31.3%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $910.44M

Target EV/EBITDA multipleCurrent: 13.8×

Net Debt($B)Default: $9.23B

Results

Implied Equity Value / share$5.62

Current Price$5.65

Upside / Downside-0.6%

Implied EV$12.61B

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

Mult \ Net Debt	$5.23B	$7.23B	$9.23B	$11.23B	$13.23B
9.8x	$6.21	$2.89	$-0.44	$-3.76	$-7.09
11.8x	$9.24	$5.91	$2.59	$-0.74	$-4.06
13.8x	$12.27	$8.94	$5.62	$2.29	$-1.03
15.8x	$15.29	$11.97	$8.64	$5.32	$1.99
17.8x	$18.32	$15.00	$11.67	$8.35	$5.02

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