SDRL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($42.99)
DCF	$53.01	+23.3%
Graham Number	$22.01	-48.8%
Reverse DCF	—	implied g: 22.9%
DDM	—	—
EV/EBITDA	$43.72	+1.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $60.63M

Near-term growth (yrs 1–5)(%)Rev: 26.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.99%

Computed WACC: 11.99%

Cost of equity (Re)12.96%(Rf 4.30% + β 1.57 × ERP 5.50%)

Cost of debt (Rd)9.98%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)80.95%

Debt weight (D/V)19.05%

Results

Intrinsic Value / share$31.76

Current Price$42.99

Upside / Downside-26.1%

Net Debt (used)$292.00M

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

WACC \ Near-term	18.3%	22.3%	26.3%	30.3%	34.3%
7.0%	$59.96	$71.21	$83.99	$98.47	$114.81
8.0%	$46.74	$55.60	$65.67	$77.07	$89.93
9.0%	$37.67	$44.90	$53.11	$62.40	$72.87
10.0%	$31.08	$37.12	$43.99	$51.75	$60.49
11.0%	$26.09	$31.25	$37.09	$43.70	$51.13

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.47

Book Value / share($)Yahoo: $45.82

Results

Graham Number$22.01

Current Price$42.99

Margin of Safety-48.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.99%

Terminal growth rate(%)

Computed WACC: 11.99%

Cost of equity (Re)12.96%(Rf 4.30% + β 1.57 × ERP 5.50%)

Cost of debt (Rd)9.98%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)80.95%

Debt weight (D/V)19.05%

Results

Current Price$42.99

Implied Near-term FCF Growth31.5%

Historical Revenue Growth26.3%

Historical Earnings Growth—

Base FCF (TTM)$60.63M

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$42.99

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $308.00M

Target EV/EBITDA multipleCurrent: 9.8×

Net Debt($B)Default: $292.00M

Results

Implied Equity Value / share$43.72

Current Price$42.99

Upside / Downside+1.7%

Implied EV$3.02B

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

Mult \ Net Debt	-$1.71B	-$708.00M	$292.00M	$1.29B	$2.29B
5.8x	$56.03	$40.00	$23.97	$7.94	$-8.10
7.8x	$65.91	$49.88	$33.84	$17.81	$1.78
9.8x	$75.78	$59.75	$43.72	$27.69	$11.66
11.8x	$85.66	$69.63	$53.60	$37.56	$21.53
13.8x	$95.54	$79.50	$63.47	$47.44	$31.41

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