NC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($58.84)
DCF	$-194.96	-431.3%
Graham Number	$70.91	+20.5%
Reverse DCF	—	—
DDM	$20.81	-64.6%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$20.98M

Near-term growth (yrs 1–5)(%)Rev: 24.3% / EPS: -16.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.74%

Computed WACC: 5.74%

Cost of equity (Re)6.89%(Rf 4.30% + β 0.47 × 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)83.32%

Debt weight (D/V)16.68%

Results

Intrinsic Value / share$-423.34

Current Price$58.84

Upside / Downside-819.5%

Net Debt (used)$35.19M

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

WACC \ Near-term	16.3%	20.3%	24.3%	28.3%	32.3%
7.0%	$-216.00	$-253.09	$-295.33	$-343.26	$-397.43
8.0%	$-173.42	$-202.68	$-236.00	$-273.79	$-316.47
9.0%	$-144.17	$-168.09	$-195.29	$-226.12	$-260.93
10.0%	$-122.93	$-142.95	$-165.72	$-191.51	$-220.62
11.0%	$-106.84	$-123.93	$-143.34	$-165.32	$-190.12

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.91

Book Value / share($)Yahoo: $57.16

Results

Graham Number$70.91

Current Price$58.84

Margin of Safety+20.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.74%

Terminal growth rate(%)

Computed WACC: 5.74%

Cost of equity (Re)6.89%(Rf 4.30% + β 0.47 × 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)83.32%

Debt weight (D/V)16.68%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$58.84

Implied Near-term FCF Growth—

Historical Revenue Growth24.3%

Historical Earnings Growth-16.8%

Base FCF (TTM)-$20.98M

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: $1.01

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$20.81

Current Price$58.84

Upside / Downside-64.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$20.76M

Target EV/EBITDA multipleCurrent: -22.8×

Net Debt($B)Default: $35.19M

Results

Implied Equity Value / share$74.44

Current Price$58.84

Upside / Downside+26.5%

Implied EV$474.14M

← Overview Financial Statements ← Companies