REX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($35.85)
DCF	$7.84	-78.1%
Graham Number	$24.02	-33.0%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$38.56	+7.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$3.10M

Near-term growth (yrs 1–5)(%)Rev: 0.4% / EPS: 2.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.37%

Computed WACC: 8.37%

Cost of equity (Re)8.54%(Rf 4.30% + β 0.77 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)98.10%

Debt weight (D/V)1.90%

Results

Intrinsic Value / share$7.66

Current Price$35.85

Upside / Downside-78.6%

Net Debt (used)-$312.60M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$7.83	$7.49	$7.10	$6.64	$6.12
8.0%	$8.12	$7.85	$7.54	$7.17	$6.75
9.0%	$8.33	$8.10	$7.84	$7.54	$7.19
10.0%	$8.48	$8.29	$8.06	$7.81	$7.51
11.0%	$8.59	$8.43	$8.23	$8.01	$7.75

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.49

Book Value / share($)Yahoo: $17.21

Results

Graham Number$24.02

Current Price$35.85

Margin of Safety-33.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.37%

Terminal growth rate(%)

Computed WACC: 8.37%

Cost of equity (Re)8.54%(Rf 4.30% + β 0.77 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)98.10%

Debt weight (D/V)1.90%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$35.85

Implied Near-term FCF Growth—

Historical Revenue Growth0.4%

Historical Earnings Growth2.8%

Base FCF (TTM)-$3.10M

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$35.85

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $71.28M

Target EV/EBITDA multipleCurrent: 13.4×

Net Debt($B)Default: -$312.60M

Results

Implied Equity Value / share$38.56

Current Price$35.85

Upside / Downside+7.6%

Implied EV$957.50M

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

Mult \ Net Debt	-$2.31B	-$1.31B	-$312.60M	$687.40M	$1.69B
9.4x	$90.62	$60.26	$29.90	$-0.46	$-30.82
11.4x	$94.95	$64.59	$34.23	$3.87	$-26.49
13.4x	$99.28	$68.92	$38.56	$8.20	$-22.16
15.4x	$103.61	$73.25	$42.89	$12.53	$-17.83
17.4x	$107.94	$77.58	$47.22	$16.86	$-13.50

← Overview Financial Statements ← Companies