NMM

NMM — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($72.60)
DCF$1368.26+1784.7%
Graham Number$150.33+107.1%
Reverse DCFimplied g: -12.5%
DDM$4.12-94.3%
EV/EBITDA$73.44+1.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $612.34M
Rev: 9.9% / EPS: 28.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$1368.26
Current Price$72.60
Upside / Downside+1784.7%
Net Debt (used)$1.75B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term20.6%24.6%28.6%32.6%36.6%
7.0%$1552.21$1828.04$2140.96$2494.64$2892.94
8.0%$1219.35$1436.39$1682.49$1960.50$2273.46
9.0%$991.12$1167.91$1368.26$1594.47$1849.02
10.0%$825.53$973.15$1140.36$1329.06$1541.29
11.0%$700.33$825.94$968.14$1128.54$1308.85

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $8.78
Yahoo: $114.40

Results

Graham Number$150.33
Current Price$72.60
Margin of Safety+107.1%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$72.60
Implied Near-term FCF Growth-12.5%
Historical Revenue Growth9.9%
Historical Earnings Growth28.6%
Base FCF (TTM)$612.34M
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: $0.20

Results

DDM Intrinsic Value / share$4.12
Current Price$72.60
Upside / Downside-94.3%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $715.96M
Current: 5.4×
Default: $1.75B

Results

Implied Equity Value / share$73.44
Current Price$72.60
Upside / Downside+1.2%
Implied EV$3.87B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.75B$1.75B$1.75B$1.75B$1.75B
1.4x$-25.77$-25.77$-25.77$-25.77$-25.77
3.4x$23.84$23.84$23.84$23.84$23.84
5.4x$73.44$73.44$73.44$73.44$73.44
7.4x$123.05$123.05$123.05$123.05$123.05
9.4x$172.65$172.65$172.65$172.65$172.65