PWR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($563.08)
DCF	$185.48	-67.1%
Graham Number	$95.34	-83.1%
Reverse DCF	—	implied g: 37.7%
DDM	$9.06	-98.4%
EV/EBITDA	$565.58	+0.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $819.69M

Near-term growth (yrs 1–5)(%)Rev: 19.7% / EPS: 2.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.78%

Computed WACC: 9.78%

Cost of equity (Re)10.53%(Rf 4.30% + β 1.13 × 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)92.90%

Debt weight (D/V)7.10%

Results

Intrinsic Value / share$157.57

Current Price$563.08

Upside / Downside-72.0%

Net Debt (used)$5.98B

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

WACC \ Near-term	11.7%	15.7%	19.7%	23.7%	27.7%
7.0%	$204.71	$249.41	$300.56	$358.85	$425.01
8.0%	$156.22	$191.63	$232.13	$278.25	$330.56
9.0%	$122.86	$151.91	$185.09	$222.86	$265.67
10.0%	$98.58	$122.99	$150.87	$182.57	$218.48
11.0%	$80.15	$101.06	$124.92	$152.03	$182.72

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $6.76

Book Value / share($)Yahoo: $59.76

Results

Graham Number$95.34

Current Price$563.08

Margin of Safety-83.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.78%

Terminal growth rate(%)

Computed WACC: 9.78%

Cost of equity (Re)10.53%(Rf 4.30% + β 1.13 × 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)92.90%

Debt weight (D/V)7.10%

Results

Current Price$563.08

Implied Near-term FCF Growth40.4%

Historical Revenue Growth19.7%

Historical Earnings Growth2.6%

Base FCF (TTM)$819.69M

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: $0.44

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$9.06

Current Price$563.08

Upside / Downside-98.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.50B

Target EV/EBITDA multipleCurrent: 36.2×

Net Debt($B)Default: $5.98B

Results

Implied Equity Value / share$565.58

Current Price$563.08

Upside / Downside+0.4%

Implied EV$90.32B

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

Mult \ Net Debt	$3.98B	$4.98B	$5.98B	$6.98B	$7.98B
32.2x	$512.00	$505.29	$498.59	$491.88	$485.17
34.2x	$545.50	$538.79	$532.08	$525.38	$518.67
36.2x	$578.99	$572.29	$565.58	$558.87	$552.17
38.2x	$612.49	$605.78	$599.08	$592.37	$585.66
40.2x	$645.98	$639.28	$632.57	$625.87	$619.16

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