NGG

NGG — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($93.88)
DCF$-105.30-212.2%
Graham Number$30.29-67.7%
Reverse DCF
DDM$64.27-31.5%
EV/EBITDA$465.15+395.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$3.58B
Rev: -11.3% / EPS: -12.4%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-105.30
Current Price$93.88
Upside / Downside-212.2%
Net Debt (used)$41.86B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$-105.84$-118.73$-133.73$-151.08$-171.08
8.0%$-94.50$-104.87$-116.93$-130.86$-146.88
9.0%$-86.64$-95.28$-105.30$-116.86$-130.15
10.0%$-80.87$-88.24$-96.77$-106.61$-117.91
11.0%$-76.45$-82.85$-90.26$-98.78$-108.56

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $4.03
Yahoo: $10.12

Results

Graham Number$30.29
Current Price$93.88
Margin of Safety-67.7%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$93.88
Implied Near-term FCF Growth
Historical Revenue Growth-11.3%
Historical Earnings Growth-12.4%
Base FCF (TTM)-$3.58B
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

Yahoo: $3.12

Results

DDM Intrinsic Value / share$64.27
Current Price$93.88
Upside / Downside-31.5%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $7.14B
Current: 70.6×
Default: $41.86B

Results

Implied Equity Value / share$465.15
Current Price$93.88
Upside / Downside+395.5%
Implied EV$504.33B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$21.86B$31.86B$41.86B$51.86B$61.86B
66.6x$456.53$446.47$436.42$426.36$416.30
68.6x$470.90$460.84$450.78$440.72$430.67
70.6x$485.26$475.21$465.15$455.09$445.03
72.6x$499.63$489.57$479.51$469.46$459.40
74.6x$514.00$503.94$493.88$483.82$473.77