QRVO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($81.19)
DCF	$5289749.99	+6515574.1%
Graham Number	$57.10	-29.7%
Reverse DCF	—	implied g: 0.8%
DDM	—	—
EV/EBITDA	$81.92	+0.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $566.85M

Near-term growth (yrs 1–5)(%)Rev: 8.4% / EPS: 307.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.41%

Computed WACC: 10.41%

Cost of equity (Re)11.73%(Rf 4.30% + β 1.35 × ERP 5.50%)

Cost of debt (Rd)5.06%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)82.93%

Debt weight (D/V)17.07%

Results

Intrinsic Value / share$3909759.42

Current Price$81.19

Upside / Downside+4815764.3%

Net Debt (used)$230.66M

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

WACC \ Near-term	299.0%	303.0%	307.0%	311.0%	315.0%
7.0%	$8063035.58	$8475360.55	$8904384.02	$9350608.13	$9814544.99
8.0%	$6108554.15	$6420926.74	$6745949.75	$7084003.60	$7435476.26
9.0%	$4789951.95	$5034891.28	$5289749.99	$5554826.38	$5830424.64
10.0%	$3850118.00	$4046994.42	$4251843.69	$4464905.57	$4686424.55
11.0%	$3153179.92	$3314415.22	$3482179.92	$3656670.36	$3838086.77

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.63

Book Value / share($)Yahoo: $39.92

Results

Graham Number$57.10

Current Price$81.19

Margin of Safety-29.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.41%

Terminal growth rate(%)

Computed WACC: 10.41%

Cost of equity (Re)11.73%(Rf 4.30% + β 1.35 × ERP 5.50%)

Cost of debt (Rd)5.06%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)82.93%

Debt weight (D/V)17.07%

Results

Current Price$81.19

Implied Near-term FCF Growth4.1%

Historical Revenue Growth8.4%

Historical Earnings Growth307.0%

Base FCF (TTM)$566.85M

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$81.19

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $769.56M

Target EV/EBITDA multipleCurrent: 10.2×

Net Debt($B)Default: $230.66M

Results

Implied Equity Value / share$81.92

Current Price$81.19

Upside / Downside+0.9%

Implied EV$7.82B

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

Mult \ Net Debt	-$1.77B	-$769.34M	$230.66M	$1.23B	$2.23B
6.2x	$70.29	$59.50	$48.71	$37.93	$27.14
8.2x	$86.89	$76.10	$65.32	$54.53	$43.74
10.2x	$103.49	$92.70	$81.92	$71.13	$60.34
12.2x	$120.09	$109.31	$98.52	$87.73	$76.95
14.2x	$136.70	$125.91	$115.12	$104.34	$93.55

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