S — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($13.13)
DCF	$38.38	+192.3%
Graham Number	—	—
Reverse DCF	—	implied g: 2.4%
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $247.34M

Near-term growth (yrs 1–5)(%)Rev: 22.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.52%

Computed WACC: 8.52%

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)99.77%

Debt weight (D/V)0.23%

Results

Intrinsic Value / share$41.85

Current Price$13.13

Upside / Downside+218.7%

Net Debt (used)-$639.50M

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

WACC \ Near-term	14.9%	18.9%	22.9%	26.9%	30.9%
7.0%	$42.20	$49.38	$57.58	$66.89	$77.43
8.0%	$34.08	$39.76	$46.23	$53.58	$61.89
9.0%	$28.51	$33.15	$38.44	$44.44	$51.23
10.0%	$24.46	$28.35	$32.78	$37.80	$43.48
11.0%	$21.39	$24.71	$28.49	$32.78	$37.62

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.26

Book Value / share($)Yahoo: $4.56

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$13.13

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.52%

Terminal growth rate(%)

Computed WACC: 8.52%

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)99.77%

Debt weight (D/V)0.23%

Results

Current Price$13.13

Implied Near-term FCF Growth1.2%

Historical Revenue Growth22.9%

Historical Earnings Growth—

Base FCF (TTM)$247.34M

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$13.13

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$273.86M

Target EV/EBITDA multipleCurrent: -13.9×

Net Debt($B)Default: -$639.50M

Results

Implied Equity Value / share$13.38

Current Price$13.13

Upside / Downside+1.9%

Implied EV$3.82B

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