RUSHB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($63.96)
DCF	$340.86	+432.9%
Graham Number	$46.02	-28.1%
Reverse DCF	—	implied g: -13.7%
DDM	$15.45	-75.8%
EV/EBITDA	$307.95	+381.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $389.20M

Near-term growth (yrs 1–5)(%)Rev: -11.8% / EPS: -11.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.53%

Computed WACC: 9.53%

Cost of equity (Re)9.10%(Rf 4.30% + β 0.87 × ERP 5.50%)

Cost of debt (Rd)14.09%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)78.77%

Debt weight (D/V)21.23%

Results

Intrinsic Value / share$309.16

Current Price$63.96

Upside / Downside+383.4%

Net Debt (used)$1.23B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$344.43	$429.22	$527.85	$642.01	$773.49
8.0%	$269.83	$338.07	$417.34	$508.96	$614.36
9.0%	$218.14	$274.96	$340.86	$416.94	$504.35
10.0%	$180.19	$228.66	$284.80	$349.52	$423.80
11.0%	$151.13	$193.25	$241.95	$298.03	$362.31

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.27

Book Value / share($)Yahoo: $28.78

Results

Graham Number$46.02

Current Price$63.96

Margin of Safety-28.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.53%

Terminal growth rate(%)

Computed WACC: 9.53%

Cost of equity (Re)9.10%(Rf 4.30% + β 0.87 × ERP 5.50%)

Cost of debt (Rd)14.09%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)78.77%

Debt weight (D/V)21.23%

Results

Current Price$63.96

Implied Near-term FCF Growth-12.6%

Historical Revenue Growth-11.8%

Historical Earnings Growth-11.0%

Base FCF (TTM)$389.20M

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: $0.75

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$15.45

Current Price$63.96

Upside / Downside-75.8%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $646.19M

Target EV/EBITDA multipleCurrent: 9.7×

Net Debt($B)Default: $1.23B

Results

Implied Equity Value / share$307.95

Current Price$63.96

Upside / Downside+381.5%

Implied EV$6.29B

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

Mult \ Net Debt	$1.23B	$1.23B	$1.23B	$1.23B	$1.23B
5.7x	$150.71	$150.71	$150.71	$150.71	$150.71
7.7x	$229.33	$229.33	$229.33	$229.33	$229.33
9.7x	$307.95	$307.95	$307.95	$307.95	$307.95
11.7x	$386.57	$386.57	$386.57	$386.57	$386.57
13.7x	$465.19	$465.19	$465.19	$465.19	$465.19

← Overview Financial Statements ← Companies