MZTI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($164.84)
DCF	$247.78	+50.3%
Graham Number	$74.39	-54.9%
Reverse DCF	—	implied g: 13.1%
DDM	$82.40	-50.0%
EV/EBITDA	$131.42	-20.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $160.97M

Near-term growth (yrs 1–5)(%)Rev: 20.2% / EPS: 4.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.58%

Computed WACC: 6.58%

Cost of equity (Re)6.58%(Rf 4.30% + β 0.41 × 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)100.00%

Debt weight (D/V)0.00%

Results

Intrinsic Value / share$418.31

Current Price$164.84

Upside / Downside+153.8%

Net Debt (used)$0

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

WACC \ Near-term	12.2%	16.2%	20.2%	24.2%	28.2%
7.0%	$270.01	$319.13	$375.32	$439.32	$511.93
8.0%	$216.36	$255.26	$299.73	$350.34	$407.72
9.0%	$179.47	$211.36	$247.78	$289.21	$336.15
10.0%	$152.62	$179.42	$209.99	$244.75	$284.11
11.0%	$132.25	$155.19	$181.35	$211.06	$244.68

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $6.53

Book Value / share($)Yahoo: $37.66

Results

Graham Number$74.39

Current Price$164.84

Margin of Safety-54.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.58%

Terminal growth rate(%)

Computed WACC: 6.58%

Cost of equity (Re)6.58%(Rf 4.30% + β 0.41 × 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)100.00%

Debt weight (D/V)0.00%

Results

Current Price$164.84

Implied Near-term FCF Growth5.0%

Historical Revenue Growth20.2%

Historical Earnings Growth4.3%

Base FCF (TTM)$160.97M

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: $4.00

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$82.40

Current Price$164.84

Upside / Downside-50.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $300.32M

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $0

Results

Implied Equity Value / share$131.42

Current Price$164.84

Upside / Downside-20.3%

Implied EV$3.60B

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

Mult \ Net Debt	-$2.00B	-$1.00B	$0	$1.00B	$2.00B
8.0x	$160.54	$124.08	$87.61	$51.14	$14.68
10.0x	$182.44	$145.98	$109.51	$73.05	$36.58
12.0x	$204.35	$167.88	$131.42	$94.95	$58.48
14.0x	$226.25	$189.78	$153.32	$116.85	$80.39
16.0x	$248.15	$211.69	$175.22	$138.76	$102.29

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