REPX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($29.45)
DCF	$59.42	+101.8%
Graham Number	$48.49	+64.7%
Reverse DCF	—	implied g: -3.6%
DDM	$32.96	+11.9%
EV/EBITDA	$29.45	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $94.32M

Near-term growth (yrs 1–5)(%)Rev: 4.4% / EPS: -36.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.34%

Computed WACC: 10.34%

Cost of equity (Re)11.27%(Rf 4.30% + β 1.27 × ERP 5.50%)

Cost of debt (Rd)10.98%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)63.88%

Debt weight (D/V)36.12%

Results

Intrinsic Value / share$46.39

Current Price$29.45

Upside / Downside+57.5%

Net Debt (used)$350.58M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$60.06	$75.44	$93.32	$114.02	$137.86
8.0%	$46.54	$58.91	$73.28	$89.90	$109.01
9.0%	$37.16	$47.47	$59.42	$73.21	$89.06
10.0%	$30.28	$39.07	$49.25	$60.99	$74.45
11.0%	$25.01	$32.65	$41.48	$51.65	$63.30

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.06

Book Value / share($)Yahoo: $25.74

Results

Graham Number$48.49

Current Price$29.45

Margin of Safety+64.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.34%

Terminal growth rate(%)

Computed WACC: 10.34%

Cost of equity (Re)11.27%(Rf 4.30% + β 1.27 × ERP 5.50%)

Cost of debt (Rd)10.98%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)63.88%

Debt weight (D/V)36.12%

Results

Current Price$29.45

Implied Near-term FCF Growth-0.6%

Historical Revenue Growth4.4%

Historical Earnings Growth-36.4%

Base FCF (TTM)$94.32M

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: $1.60

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$32.96

Current Price$29.45

Upside / Downside+11.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $250.75M

Target EV/EBITDA multipleCurrent: 4.0×

Net Debt($B)Default: $350.58M

Results

Implied Equity Value / share$29.45

Current Price$29.45

Upside / Downside-0.0%

Implied EV$997.50M

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

Mult \ Net Debt	-$1.65B	-$649.42M	$350.58M	$1.35B	$2.35B
-0.0x	$74.83	$29.31	$-16.21	$-61.73	$-107.25
2.0x	$97.66	$52.14	$6.62	$-38.90	$-84.42
4.0x	$120.48	$74.97	$29.45	$-16.07	$-61.59
6.0x	$143.31	$97.79	$52.27	$6.76	$-38.76
8.0x	$166.14	$120.62	$75.10	$29.58	$-15.94

← Overview Financial Statements ← Companies