OKTA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($73.97)
DCF	$86177.38	+116403.1%
Graham Number	$31.03	-58.1%
Reverse DCF	—	implied g: -3.1%
DDM	—	—
EV/EBITDA	$77.36	+4.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $962.75M

Near-term growth (yrs 1–5)(%)Rev: 11.6% / EPS: 156.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.63%

Computed WACC: 8.63%

Cost of equity (Re)8.91%(Rf 4.30% + β 0.84 × 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)96.87%

Debt weight (D/V)3.13%

Results

Intrinsic Value / share$93743.71

Current Price$73.97

Upside / Downside+126632.1%

Net Debt (used)-$2.04B

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

WACC \ Near-term	148.0%	152.0%	156.0%	160.0%	164.0%
7.0%	$122131.08	$132294.58	$143123.91	$154651.28	$166909.90
8.0%	$93150.59	$100900.54	$109158.13	$117947.92	$127295.21
9.0%	$73542.70	$79659.73	$86177.38	$93115.01	$100492.62
10.0%	$59523.13	$64472.68	$69746.32	$75359.74	$81329.10
11.0%	$49091.50	$53172.39	$57520.45	$62148.60	$67070.16

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.10

Book Value / share($)Yahoo: $38.89

Results

Graham Number$31.03

Current Price$73.97

Margin of Safety-58.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.63%

Terminal growth rate(%)

Computed WACC: 8.63%

Cost of equity (Re)8.91%(Rf 4.30% + β 0.84 × 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)96.87%

Debt weight (D/V)3.13%

Results

Current Price$73.97

Implied Near-term FCF Growth-4.0%

Historical Revenue Growth11.6%

Historical Earnings Growth156.0%

Base FCF (TTM)$962.75M

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$73.97

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $209.00M

Target EV/EBITDA multipleCurrent: 53.0×

Net Debt($B)Default: -$2.04B

Results

Implied Equity Value / share$77.36

Current Price$73.97

Upside / Downside+4.6%

Implied EV$11.07B

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

Mult \ Net Debt	-$4.04B	-$3.04B	-$2.04B	-$1.04B	-$40.00M
49.0x	$84.23	$78.33	$72.43	$66.53	$60.63
51.0x	$86.70	$80.80	$74.90	$68.99	$63.09
53.0x	$89.16	$83.26	$77.36	$71.46	$65.56
55.0x	$91.63	$85.73	$79.83	$73.93	$68.03
57.0x	$94.10	$88.20	$82.30	$76.39	$70.49

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