NOAH

NOAH — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($11.33)
DCF$74.97+561.7%
Graham Number$23.42+106.7%
Reverse DCF
DDM$11.95+5.5%
EV/EBITDA$59.91+428.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: -7.4% / EPS: 63.2%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$74.97
Current Price$11.33
Upside / Downside+561.7%
Net Debt (used)-$4.94B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term55.2%59.2%63.2%67.2%71.2%
7.0%$74.97$74.97$74.97$74.97$74.97
8.0%$74.97$74.97$74.97$74.97$74.97
9.0%$74.97$74.97$74.97$74.97$74.97
10.0%$74.97$74.97$74.97$74.97$74.97
11.0%$74.97$74.97$74.97$74.97$74.97

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.18
Yahoo: $20.66

Results

Graham Number$23.42
Current Price$11.33
Margin of Safety+106.7%
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$11.33
Implied Near-term FCF Growth
Historical Revenue Growth-7.4%
Historical Earnings Growth63.2%
Base FCF (TTM)
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: $0.58

Results

DDM Intrinsic Value / share$11.95
Current Price$11.33
Upside / Downside+5.5%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $812.13M
Current: -1.2×
Default: -$4.94B

Results

Implied Equity Value / share$59.91
Current Price$11.33
Upside / Downside+428.8%
Implied EV-$991.61M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$6.94B-$5.94B-$4.94B-$3.94B-$2.94B
-5.2x$40.94$25.75$10.56$-4.63$-19.83
-3.2x$65.62$50.43$35.23$20.04$4.85
-1.2x$90.29$75.10$59.91$44.72$29.53
0.8x$114.97$99.78$84.59$69.39$54.20
2.8x$139.64$124.45$109.26$94.07$78.88