ROOT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($49.57)
DCF	$309.24	+523.9%
Graham Number	$37.24	-24.9%
Reverse DCF	—	implied g: -20.0%
DDM	—	—
EV/EBITDA	$64.44	+30.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $83.06M

Near-term growth (yrs 1–5)(%)Rev: 21.5% / EPS: -76.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.97%

Computed WACC: 15.97%

Cost of equity (Re)20.22%(Rf 4.30% + β 2.90 × 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)78.98%

Debt weight (D/V)21.02%

Results

Intrinsic Value / share$148.63

Current Price$49.57

Upside / Downside+199.8%

Net Debt (used)-$464.70M

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

WACC \ Near-term	13.5%	17.5%	21.5%	25.5%	29.5%
7.0%	$336.24	$390.73	$452.97	$523.78	$604.01
8.0%	$275.75	$318.85	$368.05	$423.99	$487.33
9.0%	$234.18	$269.47	$309.72	$355.46	$407.22
10.0%	$203.93	$233.55	$267.31	$305.65	$349.00
11.0%	$181.00	$206.33	$235.18	$267.92	$304.92

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.36

Book Value / share($)Yahoo: $18.34

Results

Graham Number$37.24

Current Price$49.57

Margin of Safety-24.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.97%

Terminal growth rate(%)

Computed WACC: 15.97%

Cost of equity (Re)20.22%(Rf 4.30% + β 2.90 × 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)78.98%

Debt weight (D/V)21.02%

Results

Current Price$49.57

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth21.5%

Historical Earnings Growth-76.4%

Base FCF (TTM)$83.06M

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$49.57

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $65.10M

Target EV/EBITDA multipleCurrent: 6.4×

Net Debt($B)Default: -$464.70M

Results

Implied Equity Value / share$64.44

Current Price$49.57

Upside / Downside+30.0%

Implied EV$418.33M

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

Mult \ Net Debt	-$2.46B	-$1.46B	-$464.70M	$535.30M	$1.54B
2.4x	$191.39	$118.42	$45.44	$-27.54	$-100.52
4.4x	$200.90	$127.92	$54.94	$-18.04	$-91.02
6.4x	$210.40	$137.42	$64.44	$-8.54	$-81.51
8.4x	$219.90	$146.92	$73.94	$0.97	$-72.01
10.4x	$229.40	$156.42	$83.45	$10.47	$-62.51

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