RELX

RELX — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($34.68)
DCF$38.24+10.3%
Graham Number$7.70-77.8%
Reverse DCFimplied g: 15.5%
DDM$18.95-45.4%
EV/EBITDA$35.07+1.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $2.16B
Rev: 1.2% / EPS: 17.0%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$38.24
Current Price$34.68
Upside / Downside+10.3%
Net Debt (used)$7.14B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term9.0%13.0%17.0%21.0%25.0%
7.0%$41.35$49.79$59.48$70.54$83.14
8.0%$32.51$39.21$46.90$55.67$65.65
9.0%$26.42$31.93$38.24$45.44$53.62
10.0%$21.98$26.62$31.94$37.99$44.87
11.0%$18.61$22.59$27.15$32.34$38.23

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.51
Yahoo: $1.74

Results

Graham Number$7.70
Current Price$34.68
Margin of Safety-77.8%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$34.68
Implied Near-term FCF Growth15.5%
Historical Revenue Growth1.2%
Historical Earnings Growth17.0%
Base FCF (TTM)$2.16B
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: $0.92

Results

DDM Intrinsic Value / share$18.95
Current Price$34.68
Upside / Downside-45.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $3.20B
Current: 21.9×
Default: $7.14B

Results

Implied Equity Value / share$35.07
Current Price$34.68
Upside / Downside+1.1%
Implied EV$70.24B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$3.14B$5.14B$7.14B$9.14B$11.14B
17.9x$30.17$29.06$27.95$26.84$25.73
19.9x$33.73$32.62$31.51$30.40$29.29
21.9x$37.29$36.18$35.07$33.96$32.85
23.9x$40.85$39.74$38.63$37.52$36.41
25.9x$44.41$43.30$42.19$41.08$39.97