NVST — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($29.44)
DCF	$477312292247382.94	+1621305340514108.3%
Graham Number	$10.93	-62.9%
Reverse DCF	—	implied g: 9.2%
DDM	—	—
EV/EBITDA	$29.44	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $232.76M

Near-term growth (yrs 1–5)(%)Rev: 15.0% / EPS: 3146.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.38%

Computed WACC: 7.38%

Cost of equity (Re)9.82%(Rf 4.30% + β 1.00 × 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)75.18%

Debt weight (D/V)24.82%

Results

Intrinsic Value / share$726623748096206.38

Current Price$29.44

Upside / Downside+2468151318261470.5%

Net Debt (used)$386.00M

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

WACC \ Near-term	3138.1%	3142.1%	3146.1%	3150.1%	3154.1%
7.0%	$803359449180204.38	$808333641883900.25	$813332443258034.88	$818355944499172.75	$823404237028909.00
8.0%	$604891310825956.13	$608636640450997.25	$612400499229995.38	$616182955829609.63	$619984079085936.50
9.0%	$471389158234191.06	$474307877262699.06	$477241035980005.25	$480188687897737.00	$483150886659564.00
10.0%	$376542297778298.56	$378873749722517.19	$381216735987165.19	$383571299316949.38	$385937482562050.19
11.0%	$306451260289447.19	$308348726764647.69	$310255580517326.13	$312171856335524.19	$314097589093124.44

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.28

Book Value / share($)Yahoo: $18.96

Results

Graham Number$10.93

Current Price$29.44

Margin of Safety-62.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.38%

Terminal growth rate(%)

Computed WACC: 7.38%

Cost of equity (Re)9.82%(Rf 4.30% + β 1.00 × 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)75.18%

Debt weight (D/V)24.82%

Results

Current Price$29.44

Implied Near-term FCF Growth4.2%

Historical Revenue Growth15.0%

Historical Earnings Growth3146.1%

Base FCF (TTM)$232.76M

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$29.44

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $361.50M

Target EV/EBITDA multipleCurrent: 14.4×

Net Debt($B)Default: $386.00M

Results

Implied Equity Value / share$29.44

Current Price$29.44

Upside / Downside+0.0%

Implied EV$5.21B

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

Mult \ Net Debt	-$1.61B	-$614.00M	$386.00M	$1.39B	$2.39B
10.4x	$32.82	$26.72	$20.62	$14.52	$8.41
12.4x	$37.23	$31.13	$25.03	$18.93	$12.82
14.4x	$41.65	$35.54	$29.44	$23.34	$17.24
16.4x	$46.06	$39.96	$33.85	$27.75	$21.65
18.4x	$50.47	$44.37	$38.26	$32.16	$26.06

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