NGVT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($69.88)
DCF	$119.47	+71.0%
Graham Number	—	—
Reverse DCF	—	implied g: -1.7%
DDM	—	—
EV/EBITDA	$69.88	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $306.49M

Near-term growth (yrs 1–5)(%)Rev: -14.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.33%

Computed WACC: 9.33%

Cost of equity (Re)11.49%(Rf 4.30% + β 1.31 × ERP 5.50%)

Cost of debt (Rd)6.26%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)66.91%

Debt weight (D/V)33.09%

Results

Intrinsic Value / share$112.01

Current Price$69.88

Upside / Downside+60.3%

Net Debt (used)$1.16B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$120.78	$151.87	$188.05	$229.92	$278.15
8.0%	$93.41	$118.44	$147.52	$181.12	$219.78
9.0%	$74.45	$95.29	$119.47	$147.37	$179.43
10.0%	$60.53	$78.31	$98.90	$122.64	$149.89
11.0%	$49.88	$65.32	$83.19	$103.75	$127.33

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-4.15

Book Value / share($)Yahoo: $0.84

Results

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

Graham Number—

Current Price$69.88

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.33%

Terminal growth rate(%)

Computed WACC: 9.33%

Cost of equity (Re)11.49%(Rf 4.30% + β 1.31 × ERP 5.50%)

Cost of debt (Rd)6.26%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)66.91%

Debt weight (D/V)33.09%

Results

Current Price$69.88

Implied Near-term FCF Growth-0.9%

Historical Revenue Growth-14.6%

Historical Earnings Growth—

Base FCF (TTM)$306.49M

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$69.88

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $358.10M

Target EV/EBITDA multipleCurrent: 10.1×

Net Debt($B)Default: $1.16B

Results

Implied Equity Value / share$69.88

Current Price$69.88

Upside / Downside-0.0%

Implied EV$3.63B

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

Mult \ Net Debt	$1.16B	$1.16B	$1.16B	$1.16B	$1.16B
6.1x	$29.29	$29.29	$29.29	$29.29	$29.29
8.1x	$49.59	$49.59	$49.59	$49.59	$49.59
10.1x	$69.88	$69.88	$69.88	$69.88	$69.88
12.1x	$90.17	$90.17	$90.17	$90.17	$90.17
14.1x	$110.47	$110.47	$110.47	$110.47	$110.47

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