RICK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($22.28)
DCF	$37.10	+66.5%
Graham Number	$35.99	+61.5%
Reverse DCF	—	implied g: 0.6%
DDM	$5.77	-74.1%
EV/EBITDA	$22.20	-0.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $32.21M

Near-term growth (yrs 1–5)(%)Rev: -6.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.64%

Computed WACC: 3.64%

Cost of equity (Re)8.75%(Rf 4.30% + β 0.81 × 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)41.61%

Debt weight (D/V)58.39%

Results

Intrinsic Value / share$347.26

Current Price$22.28

Upside / Downside+1458.6%

Net Debt (used)$243.33M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$37.66	$50.95	$66.40	$84.28	$104.88
8.0%	$25.98	$36.67	$49.09	$63.44	$79.95
9.0%	$17.88	$26.78	$37.10	$49.02	$62.72
10.0%	$11.93	$19.53	$28.32	$38.46	$50.10
11.0%	$7.38	$13.98	$21.61	$30.39	$40.46

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.87

Book Value / share($)Yahoo: $30.78

Results

Graham Number$35.99

Current Price$22.28

Margin of Safety+61.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.64%

Terminal growth rate(%)

Computed WACC: 3.64%

Cost of equity (Re)8.75%(Rf 4.30% + β 0.81 × 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)41.61%

Debt weight (D/V)58.39%

Results

Current Price$22.28

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-6.6%

Historical Earnings Growth—

Base FCF (TTM)$32.21M

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: $0.28

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$5.77

Current Price$22.28

Upside / Downside-74.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $79.77M

Target EV/EBITDA multipleCurrent: 5.5×

Net Debt($B)Default: $243.33M

Results

Implied Equity Value / share$22.20

Current Price$22.28

Upside / Downside-0.4%

Implied EV$436.10M

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

Mult \ Net Debt	-$1.76B	-$756.67M	$243.33M	$1.24B	$2.24B
1.5x	$215.76	$100.61	$-14.55	$-129.70	$-244.85
3.5x	$234.13	$118.98	$3.83	$-111.33	$-226.48
5.5x	$252.50	$137.35	$22.20	$-92.96	$-208.11
7.5x	$270.88	$155.72	$40.57	$-74.58	$-189.74
9.5x	$289.25	$174.09	$58.94	$-56.21	$-171.37

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