MTCH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($30.46)
DCF	$460.47	+1411.5%
Graham Number	—	—
Reverse DCF	—	implied g: -1.8%
DDM	$15.86	-47.9%
EV/EBITDA	$30.84	+1.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $873.89M

Near-term growth (yrs 1–5)(%)Rev: 2.1% / EPS: 40.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.49%

Computed WACC: 7.49%

Cost of equity (Re)11.68%(Rf 4.30% + β 1.34 × 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)64.18%

Debt weight (D/V)35.82%

Results

Intrinsic Value / share$643.35

Current Price$30.46

Upside / Downside+2011.8%

Net Debt (used)$3.06B

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

WACC \ Near-term	32.6%	36.6%	40.6%	44.6%	48.6%
7.0%	$544.58	$631.97	$730.09	$839.91	$962.45
8.0%	$425.01	$493.29	$569.93	$655.67	$751.32
9.0%	$343.29	$398.51	$460.47	$529.78	$607.07
10.0%	$284.19	$329.98	$381.35	$438.78	$502.81
11.0%	$239.67	$278.37	$321.76	$370.26	$424.32

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.38

Book Value / share($)Yahoo: $-1.09

Results

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

Graham Number—

Current Price$30.46

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.49%

Terminal growth rate(%)

Computed WACC: 7.49%

Cost of equity (Re)11.68%(Rf 4.30% + β 1.34 × 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)64.18%

Debt weight (D/V)35.82%

Results

Current Price$30.46

Implied Near-term FCF Growth-5.8%

Historical Revenue Growth2.1%

Historical Earnings Growth40.6%

Base FCF (TTM)$873.89M

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: $0.77

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$15.86

Current Price$30.46

Upside / Downside-47.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.05B

Target EV/EBITDA multipleCurrent: 9.8×

Net Debt($B)Default: $3.06B

Results

Implied Equity Value / share$30.84

Current Price$30.46

Upside / Downside+1.2%

Implied EV$10.34B

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

Mult \ Net Debt	$1.06B	$2.06B	$3.06B	$4.06B	$5.06B
5.8x	$21.47	$17.24	$13.00	$8.76	$4.53
7.8x	$30.39	$26.16	$21.92	$17.68	$13.45
9.8x	$39.31	$35.07	$30.84	$26.60	$22.37
11.8x	$48.23	$43.99	$39.76	$35.52	$31.28
13.8x	$57.15	$52.91	$48.67	$44.44	$40.20

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