Q

Q — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($124.07)
DCF$60.80-51.0%
Graham Number$44.59-64.1%
Reverse DCFimplied g: 18.4%
DDM$2.88-97.7%
EV/EBITDA$125.49+1.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $776.50M
Rev: 8.1% / EPS: -52.8%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$60.68
Current Price$124.07
Upside / Downside-51.1%
Net Debt (used)$3.61B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term0.1%4.1%8.1%12.1%16.1%
7.0%$62.70$78.54$96.90$118.07$142.38
8.0%$48.07$60.77$75.48$92.41$111.83
9.0%$37.96$48.49$60.68$74.69$90.75
10.0%$30.55$39.50$49.85$61.73$75.33
11.0%$24.89$32.64$41.58$51.85$63.59

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.61
Yahoo: $33.86

Results

Graham Number$44.59
Current Price$124.07
Margin of Safety-64.1%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$124.07
Implied Near-term FCF Growth18.4%
Historical Revenue Growth8.1%
Historical Earnings Growth-52.8%
Base FCF (TTM)$776.50M
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

Yahoo: $0.14

Results

DDM Intrinsic Value / share$2.88
Current Price$124.07
Upside / Downside-97.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.40B
Current: 21.4×
Default: $3.61B

Results

Implied Equity Value / share$125.49
Current Price$124.07
Upside / Downside+1.1%
Implied EV$29.90B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.61B$2.61B$3.61B$4.61B$5.61B
17.4x$108.36$103.59$98.81$94.04$89.27
19.4x$121.70$116.93$112.15$107.38$102.60
21.4x$135.04$130.27$125.49$120.72$115.94
23.4x$148.38$143.60$138.83$134.06$129.28
25.4x$161.72$156.94$152.17$147.39$142.62