NVDA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($184.97)
DCF	$1016.18	+449.4%
Graham Number	$21.06	-88.6%
Reverse DCF	—	implied g: 32.5%
DDM	$0.82	-99.6%
EV/EBITDA	$184.93	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $53.28B

Near-term growth (yrs 1–5)(%)Rev: 62.5% / EPS: 66.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 16.99%

Computed WACC: 16.99%

Cost of equity (Re)17.03%(Rf 4.30% + β 2.31 × 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)99.76%

Debt weight (D/V)0.24%

Results

Intrinsic Value / share$310.59

Current Price$184.97

Upside / Downside+67.9%

Net Debt (used)-$49.79B

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

WACC \ Near-term	58.7%	62.7%	66.7%	70.7%	74.7%
7.0%	$1283.11	$1451.47	$1637.14	$1841.42	$2065.68
8.0%	$994.90	$1125.09	$1268.65	$1426.59	$1599.95
9.0%	$798.75	$902.98	$1017.89	$1144.30	$1283.03
10.0%	$657.59	$743.14	$837.44	$941.17	$1055.00
11.0%	$551.81	$623.37	$702.24	$788.98	$884.16

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.03

Book Value / share($)Yahoo: $4.89

Results

Graham Number$21.06

Current Price$184.97

Margin of Safety-88.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 16.99%

Terminal growth rate(%)

Computed WACC: 16.99%

Cost of equity (Re)17.03%(Rf 4.30% + β 2.31 × 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)99.76%

Debt weight (D/V)0.24%

Results

Current Price$184.97

Implied Near-term FCF Growth55.0%

Historical Revenue Growth62.5%

Historical Earnings Growth66.7%

Base FCF (TTM)$53.28B

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: $0.04

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$0.82

Current Price$184.97

Upside / Downside-99.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $112.70B

Target EV/EBITDA multipleCurrent: 39.4×

Net Debt($B)Default: -$49.79B

Results

Implied Equity Value / share$184.93

Current Price$184.97

Upside / Downside-0.0%

Implied EV$4.44T

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

Mult \ Net Debt	-$73.79B	-$61.79B	-$49.79B	-$37.79B	-$25.79B
35.4x	$167.37	$166.88	$166.38	$165.89	$165.40
37.4x	$176.64	$176.15	$175.66	$175.16	$174.67
39.4x	$185.92	$185.42	$184.93	$184.44	$183.94
41.4x	$195.19	$194.70	$194.20	$193.71	$193.22
43.4x	$204.47	$203.97	$203.48	$202.98	$202.49

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