OPLN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($28.03)
DCF	$15.68	-44.1%
Graham Number	—	—
Reverse DCF	—	implied g: 13.6%
DDM	—	—
EV/EBITDA	$30.76	+9.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $179.10M

Near-term growth (yrs 1–5)(%)Rev: 8.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.21%

Computed WACC: 7.21%

Cost of equity (Re)11.33%(Rf 4.30% + β 1.28 × ERP 5.50%)

Cost of debt (Rd)2.54%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)55.84%

Debt weight (D/V)44.16%

Results

Intrinsic Value / share$30.28

Current Price$28.03

Upside / Downside+8.0%

Net Debt (used)$2.22B

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

WACC \ Near-term	0.6%	4.6%	8.6%	12.6%	16.6%
7.0%	$16.74	$24.16	$32.76	$42.67	$54.04
8.0%	$9.83	$15.78	$22.66	$30.58	$39.66
9.0%	$5.05	$9.98	$15.68	$22.23	$29.74
10.0%	$1.56	$5.74	$10.58	$16.13	$22.48
11.0%	$-1.12	$2.51	$6.69	$11.48	$16.96

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.96

Book Value / share($)Yahoo: $11.69

Results

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

Graham Number—

Current Price$28.03

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.21%

Terminal growth rate(%)

Computed WACC: 7.21%

Cost of equity (Re)11.33%(Rf 4.30% + β 1.28 × ERP 5.50%)

Cost of debt (Rd)2.54%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)55.84%

Debt weight (D/V)44.16%

Results

Current Price$28.03

Implied Near-term FCF Growth7.9%

Historical Revenue Growth8.6%

Historical Earnings Growth—

Base FCF (TTM)$179.10M

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$28.03

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $414.10M

Target EV/EBITDA multipleCurrent: 13.2×

Net Debt($B)Default: $2.22B

Results

Implied Equity Value / share$30.76

Current Price$28.03

Upside / Downside+9.7%

Implied EV$5.48B

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

Mult \ Net Debt	$215.10M	$1.22B	$2.22B	$3.22B	$4.22B
9.2x	$33.99	$24.58	$15.17	$5.77	$-3.64
11.2x	$41.78	$32.37	$22.96	$13.56	$4.15
13.2x	$49.57	$40.16	$30.76	$21.35	$11.94
15.2x	$57.36	$47.95	$38.55	$29.14	$19.73
17.2x	$65.15	$55.75	$46.34	$36.93	$27.52

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