MTH — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($72.69)
DCF	$-20.97	-128.9%
Graham Number	$104.35	+43.6%
Reverse DCF	—	—
DDM	$39.55	-45.6%
EV/EBITDA	$72.69	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$16.33M

Near-term growth (yrs 1–5)(%)Rev: -11.5% / EPS: -48.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.07%

Computed WACC: 9.07%

Cost of equity (Re)12.42%(Rf 4.30% + β 1.48 × 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)73.04%

Debt weight (D/V)26.96%

Results

Intrinsic Value / share$-20.93

Current Price$72.69

Upside / Downside-128.8%

Net Debt (used)$1.11B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-21.01	$-21.89	$-22.91	$-24.08	$-25.44
8.0%	$-20.24	$-20.95	$-21.76	$-22.71	$-23.80
9.0%	$-19.71	$-20.29	$-20.97	$-21.76	$-22.66
10.0%	$-19.32	$-19.82	$-20.40	$-21.06	$-21.83
11.0%	$-19.02	$-19.45	$-19.95	$-20.53	$-21.20

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $6.35

Book Value / share($)Yahoo: $76.22

Results

Graham Number$104.35

Current Price$72.69

Margin of Safety+43.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.07%

Terminal growth rate(%)

Computed WACC: 9.07%

Cost of equity (Re)12.42%(Rf 4.30% + β 1.48 × 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)73.04%

Debt weight (D/V)26.96%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$72.69

Implied Near-term FCF Growth—

Historical Revenue Growth-11.5%

Historical Earnings Growth-48.8%

Base FCF (TTM)-$16.33M

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: $1.92

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$39.55

Current Price$72.69

Upside / Downside-45.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $586.57M

Target EV/EBITDA multipleCurrent: 10.2×

Net Debt($B)Default: $1.11B

Results

Implied Equity Value / share$72.69

Current Price$72.69

Upside / Downside-0.0%

Implied EV$5.97B

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

Mult \ Net Debt	$1.11B	$1.11B	$1.11B	$1.11B	$1.11B
6.2x	$37.57	$37.57	$37.57	$37.57	$37.57
8.2x	$55.13	$55.13	$55.13	$55.13	$55.13
10.2x	$72.69	$72.69	$72.69	$72.69	$72.69
12.2x	$90.25	$90.25	$90.25	$90.25	$90.25
14.2x	$107.81	$107.81	$107.81	$107.81	$107.81

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