OXY — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($54.34)
DCF	$24888.15	+45705.0%
Graham Number	$29.24	-46.2%
Reverse DCF	—	implied g: 17.6%
DDM	$21.42	-60.6%
EV/EBITDA	$63.19	+16.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $2.05B

Near-term growth (yrs 1–5)(%)Rev: 148.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.45%

Computed WACC: 5.45%

Cost of equity (Re)6.23%(Rf 4.30% + β 0.35 × ERP 5.50%)

Cost of debt (Rd)4.62%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)69.65%

Debt weight (D/V)30.35%

Results

Intrinsic Value / share$70422.03

Current Price$54.34

Upside / Downside+129507.1%

Net Debt (used)$21.38B

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

WACC \ Near-term	140.9%	144.9%	148.9%	152.9%	156.9%
7.0%	$35125.33	$38139.16	$41356.34	$44786.98	$48441.53
8.0%	$26801.25	$29100.74	$31555.35	$34172.80	$36961.06
9.0%	$21167.84	$22983.92	$24922.48	$26989.61	$29191.63
10.0%	$17138.86	$18609.21	$20178.71	$21852.29	$23635.04
11.0%	$14140.09	$15353.13	$16647.95	$18028.62	$19499.34

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.35

Book Value / share($)Yahoo: $28.14

Results

Graham Number$29.24

Current Price$54.34

Margin of Safety-46.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.45%

Terminal growth rate(%)

Computed WACC: 5.45%

Cost of equity (Re)6.23%(Rf 4.30% + β 0.35 × ERP 5.50%)

Cost of debt (Rd)4.62%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)69.65%

Debt weight (D/V)30.35%

Results

Current Price$54.34

Implied Near-term FCF Growth4.0%

Historical Revenue Growth148.9%

Historical Earnings Growth—

Base FCF (TTM)$2.05B

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: $1.04

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$21.42

Current Price$54.34

Upside / Downside-60.6%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $11.26B

Target EV/EBITDA multipleCurrent: 7.4×

Net Debt($B)Default: $21.38B

Results

Implied Equity Value / share$63.19

Current Price$54.34

Upside / Downside+16.3%

Implied EV$83.70B

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

Mult \ Net Debt	$11.38B	$16.38B	$21.38B	$26.38B	$31.38B
3.4x	$27.68	$22.61	$17.54	$12.47	$7.40
5.4x	$50.50	$45.43	$40.36	$35.30	$30.23
7.4x	$73.33	$68.26	$63.19	$58.12	$53.05
9.4x	$96.15	$91.08	$86.01	$80.94	$75.87
11.4x	$118.97	$113.90	$108.84	$103.77	$98.70

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