ONB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($23.02)
DCF	$-15.29	-166.4%
Graham Number	$29.23	+27.0%
Reverse DCF	—	—
DDM	$11.95	-48.1%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 41.4% / EPS: 17.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.71%

Computed WACC: 4.71%

Cost of equity (Re)8.86%(Rf 4.30% + β 0.83 × 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)53.13%

Debt weight (D/V)46.87%

Results

Intrinsic Value / share$-15.29

Current Price$23.02

Upside / Downside-166.4%

Net Debt (used)$5.96B

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

WACC \ Near-term	33.4%	37.4%	41.4%	45.4%	49.4%
7.0%	$-15.29	$-15.29	$-15.29	$-15.29	$-15.29
8.0%	$-15.29	$-15.29	$-15.29	$-15.29	$-15.29
9.0%	$-15.29	$-15.29	$-15.29	$-15.29	$-15.29
10.0%	$-15.29	$-15.29	$-15.29	$-15.29	$-15.29
11.0%	$-15.29	$-15.29	$-15.29	$-15.29	$-15.29

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.79

Book Value / share($)Yahoo: $21.21

Results

Graham Number$29.23

Current Price$23.02

Margin of Safety+27.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.71%

Terminal growth rate(%)

Computed WACC: 4.71%

Cost of equity (Re)8.86%(Rf 4.30% + β 0.83 × 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)53.13%

Debt weight (D/V)46.87%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$23.02

Implied Near-term FCF Growth—

Historical Revenue Growth41.4%

Historical Earnings Growth17.2%

Base FCF (TTM)—

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: $0.58

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$11.95

Current Price$23.02

Upside / Downside-48.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $5.96B

Results

Implied Equity Value / share$-15.29

Current Price$23.02

Upside / Downside-166.4%

Implied EV$0

← Overview Financial Statements ← Companies