SITE — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($141.86)
DCF	$64.90	-54.3%
Graham Number	$53.08	-62.6%
Reverse DCF	—	implied g: 16.3%
DDM	—	—
EV/EBITDA	$142.62	+0.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $209.05M

Near-term growth (yrs 1–5)(%)Rev: 3.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.04%

Computed WACC: 12.04%

Cost of equity (Re)13.08%(Rf 4.30% + β 1.60 × ERP 5.50%)

Cost of debt (Rd)6.77%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)86.53%

Debt weight (D/V)13.47%

Results

Intrinsic Value / share$38.26

Current Price$141.86

Upside / Downside-73.0%

Net Debt (used)$789.40M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$65.61	$82.47	$102.09	$124.79	$150.95
8.0%	$50.77	$64.34	$80.11	$98.33	$119.30
9.0%	$40.49	$51.79	$64.90	$80.03	$97.41
10.0%	$32.94	$42.58	$53.75	$66.62	$81.39
11.0%	$27.16	$35.54	$45.22	$56.38	$69.16

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.35

Book Value / share($)Yahoo: $37.38

Results

Graham Number$53.08

Current Price$141.86

Margin of Safety-62.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.04%

Terminal growth rate(%)

Computed WACC: 12.04%

Cost of equity (Re)13.08%(Rf 4.30% + β 1.60 × ERP 5.50%)

Cost of debt (Rd)6.77%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)86.53%

Debt weight (D/V)13.47%

Results

Current Price$141.86

Implied Near-term FCF Growth24.5%

Historical Revenue Growth3.2%

Historical Earnings Growth—

Base FCF (TTM)$209.05M

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$141.86

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $374.10M

Target EV/EBITDA multipleCurrent: 19.0×

Net Debt($B)Default: $789.40M

Results

Implied Equity Value / share$142.62

Current Price$141.86

Upside / Downside+0.5%

Implied EV$7.12B

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

Mult \ Net Debt	-$1.21B	-$210.60M	$789.40M	$1.79B	$2.79B
15.0x	$153.96	$131.44	$108.91	$86.38	$63.85
17.0x	$170.82	$148.29	$125.76	$103.24	$80.71
19.0x	$187.67	$165.15	$142.62	$120.09	$97.56
21.0x	$204.53	$182.00	$159.47	$136.95	$114.42
23.0x	$221.38	$198.86	$176.33	$153.80	$131.27

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