MSGE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($60.78)
DCF	$225.28	+270.6%
Graham Number	$4.32	-92.9%
Reverse DCF	—	implied g: 5.8%
DDM	—	—
EV/EBITDA	$71.11	+17.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $189.84M

Near-term growth (yrs 1–5)(%)Rev: 12.9% / EPS: 24.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.54%

Computed WACC: 4.54%

Cost of equity (Re)6.43%(Rf 4.30% + β 0.39 × 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)70.62%

Debt weight (D/V)29.38%

Results

Intrinsic Value / share$886.94

Current Price$60.78

Upside / Downside+1359.3%

Net Debt (used)$1.04B

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

WACC \ Near-term	16.4%	20.4%	24.4%	28.4%	32.4%
7.0%	$252.82	$301.95	$357.92	$421.41	$493.17
8.0%	$196.34	$235.12	$279.26	$329.31	$385.85
9.0%	$157.56	$189.24	$225.28	$266.12	$312.23
10.0%	$129.37	$155.91	$186.07	$220.23	$258.78
11.0%	$108.03	$130.68	$156.40	$185.52	$218.36

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.09

Book Value / share($)Yahoo: $0.76

Results

Graham Number$4.32

Current Price$60.78

Margin of Safety-92.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.54%

Terminal growth rate(%)

Computed WACC: 4.54%

Cost of equity (Re)6.43%(Rf 4.30% + β 0.39 × 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)70.62%

Debt weight (D/V)29.38%

Results

Current Price$60.78

Implied Near-term FCF Growth-11.0%

Historical Revenue Growth12.9%

Historical Earnings Growth24.4%

Base FCF (TTM)$189.84M

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$60.78

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $219.82M

Target EV/EBITDA multipleCurrent: 17.8×

Net Debt($B)Default: $1.04B

Results

Implied Equity Value / share$71.11

Current Price$60.78

Upside / Downside+17.0%

Implied EV$3.91B

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

Mult \ Net Debt	$1.04B	$1.04B	$1.04B	$1.04B	$1.04B
13.8x	$49.35	$49.35	$49.35	$49.35	$49.35
15.8x	$60.23	$60.23	$60.23	$60.23	$60.23
17.8x	$71.11	$71.11	$71.11	$71.11	$71.11
19.8x	$81.99	$81.99	$81.99	$81.99	$81.99
21.8x	$92.87	$92.87	$92.87	$92.87	$92.87

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