NVT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($120.27)
DCF	$81116340599.19	+67445198702.0%
Graham Number	$36.73	-69.5%
Reverse DCF	—	implied g: 17.6%
DDM	$17.30	-85.6%
EV/EBITDA	$120.27	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $574.26M

Near-term growth (yrs 1–5)(%)Rev: 41.8% / EPS: 1112.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.57%

Computed WACC: 10.57%

Cost of equity (Re)11.50%(Rf 4.30% + β 1.31 × 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)91.91%

Debt weight (D/V)8.09%

Results

Intrinsic Value / share$57610096938.66

Current Price$120.27

Upside / Downside+47900637580.8%

Net Debt (used)$1.48B

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

WACC \ Near-term	1104.4%	1108.4%	1112.4%	1116.4%	1120.4%
7.0%	$133423845290.82	$135654217631.91	$137914317866.64	$140204442184.63	$142524888736.37
8.0%	$100580760976.97	$102262113664.21	$103965876543.49	$105692272895.55	$107441527479.31
9.0%	$78475203064.65	$79787029383.33	$81116340599.19	$82463310920.49	$83828115708.80
10.0%	$62760035700.49	$63809160272.01	$64872268275.94	$65949499034.20	$67040992791.07
11.0%	$51138578611.15	$51993433723.98	$52859682915.85	$53737439710.01	$54626818381.29

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.60

Book Value / share($)Yahoo: $23.06

Results

Graham Number$36.73

Current Price$120.27

Margin of Safety-69.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.57%

Terminal growth rate(%)

Computed WACC: 10.57%

Cost of equity (Re)11.50%(Rf 4.30% + β 1.31 × 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)91.91%

Debt weight (D/V)8.09%

Results

Current Price$120.27

Implied Near-term FCF Growth22.1%

Historical Revenue Growth41.8%

Historical Earnings Growth1112.4%

Base FCF (TTM)$574.26M

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: $0.84

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$17.30

Current Price$120.27

Upside / Downside-85.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $840.50M

Target EV/EBITDA multipleCurrent: 24.9×

Net Debt($B)Default: $1.48B

Results

Implied Equity Value / share$120.27

Current Price$120.27

Upside / Downside+0.0%

Implied EV$20.93B

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

Mult \ Net Debt	$1.48B	$1.48B	$1.48B	$1.48B	$1.48B
20.9x	$99.48	$99.48	$99.48	$99.48	$99.48
22.9x	$109.88	$109.88	$109.88	$109.88	$109.88
24.9x	$120.27	$120.27	$120.27	$120.27	$120.27
26.9x	$130.66	$130.66	$130.66	$130.66	$130.66
28.9x	$141.06	$141.06	$141.06	$141.06	$141.06

← Overview Financial Statements ← Companies