RACE

RACE — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($362.75)
DCF$74.94-79.3%
Graham Number$78.81-78.3%
Reverse DCFimplied g: 31.4%
DDM$88.37-75.6%
EV/EBITDA$380.56+4.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $839.14M
Rev: 3.8% / EPS: -0.2%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$74.94
Current Price$362.75
Upside / Downside-79.3%
Net Debt (used)$1.47B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$75.66$92.63$112.38$135.24$161.56
8.0%$60.72$74.38$90.25$108.60$129.70
9.0%$50.37$61.74$74.94$90.17$107.67
10.0%$42.77$52.47$63.72$76.67$91.55
11.0%$36.95$45.38$55.14$66.36$79.23

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $10.60
Yahoo: $26.04

Results

Graham Number$78.81
Current Price$362.75
Margin of Safety-78.3%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$362.75
Implied Near-term FCF Growth31.4%
Historical Revenue Growth3.8%
Historical Earnings Growth-0.2%
Base FCF (TTM)$839.14M
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: $4.29

Results

DDM Intrinsic Value / share$88.37
Current Price$362.75
Upside / Downside-75.6%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $2.41B
Current: 28.6×
Default: $1.47B

Results

Implied Equity Value / share$380.56
Current Price$362.75
Upside / Downside+4.9%
Implied EV$68.83B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$1.47B$1.47B$1.47B$1.47B$1.47B
24.6x$326.17$326.17$326.17$326.17$326.17
26.6x$353.36$353.36$353.36$353.36$353.36
28.6x$380.56$380.56$380.56$380.56$380.56
30.6x$407.75$407.75$407.75$407.75$407.75
32.6x$434.95$434.95$434.95$434.95$434.95