MSIF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($12.34)
DCF	$41749.69	+338228.1%
Graham Number	$24.94	+102.1%
Reverse DCF	—	implied g: 18.6%
DDM	$28.84	+133.7%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $28.33M

Near-term growth (yrs 1–5)(%)Rev: 5.6% / EPS: 205.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.69%

Computed WACC: 6.69%

Cost of equity (Re)8.60%(Rf 4.30% + β 0.78 × ERP 5.50%)

Cost of debt (Rd)5.81%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)52.55%

Debt weight (D/V)47.45%

Results

Intrinsic Value / share$76709.74

Current Price$12.34

Upside / Downside+621534.9%

Net Debt (used)$510.60M

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

WACC \ Near-term	197.6%	201.6%	205.6%	209.6%	213.6%
7.0%	$61133.16	$65353.09	$69802.88	$74491.80	$79429.34
8.0%	$46471.17	$49678.94	$53061.42	$56625.67	$60378.90
9.0%	$36564.45	$39088.34	$41749.69	$44554.03	$47507.06
10.0%	$29491.74	$31527.39	$33673.91	$35935.75	$38317.50
11.0%	$24237.58	$25910.54	$27674.60	$29533.43	$31490.80

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.78

Book Value / share($)Yahoo: $15.54

Results

Graham Number$24.94

Current Price$12.34

Margin of Safety+102.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.69%

Terminal growth rate(%)

Computed WACC: 6.69%

Cost of equity (Re)8.60%(Rf 4.30% + β 0.78 × ERP 5.50%)

Cost of debt (Rd)5.81%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)52.55%

Debt weight (D/V)47.45%

Results

Current Price$12.34

Implied Near-term FCF Growth10.5%

Historical Revenue Growth5.6%

Historical Earnings Growth205.6%

Base FCF (TTM)$28.33M

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: $1.40

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$28.84

Current Price$12.34

Upside / Downside+133.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $510.60M

Results

Implied Equity Value / share$-10.88

Current Price$12.34

Upside / Downside-188.2%

Implied EV$0

← Overview Financial Statements ← Companies