OEC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.38)
DCF	$2.18	-59.5%
Graham Number	—	—
Reverse DCF	—	implied g: 7.5%
DDM	$1.65	-69.4%
EV/EBITDA	$5.38	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $66.25M

Near-term growth (yrs 1–5)(%)Rev: -5.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.12%

Computed WACC: 2.12%

Cost of equity (Re)9.92%(Rf 4.30% + β 1.02 × 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)21.40%

Debt weight (D/V)78.60%

Results

Intrinsic Value / share—

Current Price$5.38

Upside / Downside—

Net Debt (used)$1.04B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$2.35	$6.57	$11.47	$17.15	$23.69
8.0%	$-1.35	$2.04	$5.98	$10.54	$15.78
9.0%	$-3.93	$-1.10	$2.18	$5.96	$10.31
10.0%	$-5.81	$-3.40	$-0.61	$2.61	$6.30
11.0%	$-7.26	$-5.16	$-2.74	$0.05	$3.24

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.24

Book Value / share($)Yahoo: $6.85

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$5.38

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.12%

Terminal growth rate(%)

Computed WACC: 2.12%

Cost of equity (Re)9.92%(Rf 4.30% + β 1.02 × 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)21.40%

Debt weight (D/V)78.60%

Results

Current Price$5.38

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-5.2%

Historical Earnings Growth—

Base FCF (TTM)$66.25M

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: $0.08

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$1.65

Current Price$5.38

Upside / Downside-69.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $233.30M

Target EV/EBITDA multipleCurrent: 5.8×

Net Debt($B)Default: $1.04B

Results

Implied Equity Value / share$5.38

Current Price$5.38

Upside / Downside-0.0%

Implied EV$1.34B

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

Mult \ Net Debt	$1.04B	$1.04B	$1.04B	$1.04B	$1.04B
1.8x	$-11.20	$-11.20	$-11.20	$-11.20	$-11.20
3.8x	$-2.91	$-2.91	$-2.91	$-2.91	$-2.91
5.8x	$5.38	$5.38	$5.38	$5.38	$5.38
7.8x	$13.67	$13.67	$13.67	$13.67	$13.67
9.8x	$21.96	$21.96	$21.96	$21.96	$21.96

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