PUK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($30.32)
DCF	$20599844307.83	+67941438910.0%
Graham Number	$20.04	-33.9%
Reverse DCF	—	implied g: 3.5%
DDM	$9.89	-67.4%
EV/EBITDA	$63.86	+110.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $2.40B

Near-term growth (yrs 1–5)(%)Rev: 20.4% / EPS: 1021.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Default: 9% (no SEC data)

Results

Intrinsic Value / share$20599844307.83

Current Price$30.32

Upside / Downside+67941438910.0%

Net Debt (used)$355.00M

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

WACC \ Near-term	1013.2%	1017.2%	1021.2%	1025.2%	1029.2%
7.0%	$33780945662.56	$34392238878.66	$35012349711.54	$35641373211.53	$36279405109.59
8.0%	$25469767165.42	$25930662941.62	$26398206922.07	$26872470771.70	$27353526668.63
9.0%	$19875336254.27	$20234996317.76	$20599844307.83	$20969936148.22	$21345328163.13
10.0%	$15897816152.53	$16185499801.59	$16477333151.22	$16773360933.52	$17073628200.88
11.0%	$12956135070.82	$13190586643.47	$13428420069.00	$13669671802.39	$13914378559.68

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.57

Book Value / share($)Yahoo: $6.95

Results

Graham Number$20.04

Current Price$30.32

Margin of Safety-33.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Default: 9% (no SEC data)

Terminal growth rate(%)

Results

Current Price$30.32

Implied Near-term FCF Growth3.5%

Historical Revenue Growth20.4%

Historical Earnings Growth1021.2%

Base FCF (TTM)$2.40B

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: $0.48

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$9.89

Current Price$30.32

Upside / Downside-67.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $5.54B

Target EV/EBITDA multipleCurrent: 14.6×

Net Debt($B)Default: $355.00M

Results

Implied Equity Value / share$63.86

Current Price$30.32

Upside / Downside+110.6%

Implied EV$80.79B

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

Mult \ Net Debt	-$1.64B	-$645.00M	$355.00M	$1.36B	$2.36B
10.6x	$47.86	$47.06	$46.27	$45.48	$44.68
12.6x	$56.65	$55.86	$55.07	$54.27	$53.48
14.6x	$65.45	$64.66	$63.86	$63.07	$62.27
16.6x	$74.25	$73.45	$72.66	$71.86	$71.07
18.6x	$83.04	$82.25	$81.45	$80.66	$79.87

← Overview Financial Statements ← Companies