SBS

SBS — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($30.01)
DCF$-61.00-303.3%
Graham Number$23.05-23.2%
Reverse DCF
DDM$9.89-67.1%
EV/EBITDA$30.16+0.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$1.11B
Rev: -37.2% / EPS: -64.7%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-61.00
Current Price$30.01
Upside / Downside-303.3%
Net Debt (used)$23.28B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$-61.24$-66.90$-73.49$-81.11$-89.89
8.0%$-56.26$-60.81$-66.11$-72.22$-79.26
9.0%$-52.80$-56.60$-61.00$-66.08$-71.92
10.0%$-50.27$-53.51$-57.26$-61.58$-66.54
11.0%$-48.33$-51.14$-54.39$-58.14$-62.43

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.00
Yahoo: $11.81

Results

Graham Number$23.05
Current Price$30.01
Margin of Safety-23.2%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$30.01
Implied Near-term FCF Growth
Historical Revenue Growth-37.2%
Historical Earnings Growth-64.7%
Base FCF (TTM)-$1.11B
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

Yahoo: $0.48

Results

DDM Intrinsic Value / share$9.89
Current Price$30.01
Upside / Downside-67.1%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $12.31B
Current: 3.6×
Default: $23.28B

Results

Implied Equity Value / share$30.16
Current Price$30.01
Upside / Downside+0.5%
Implied EV$44.39B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$11.28B$17.28B$23.28B$29.28B$35.28B
-0.4x$-23.03$-31.60$-40.17$-48.74$-57.31
1.6x$12.13$3.56$-5.01$-13.57$-22.14
3.6x$47.30$38.73$30.16$21.59$13.02
5.6x$82.46$73.89$65.32$56.75$48.19
7.6x$117.62$109.06$100.49$91.92$83.35