SMCI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($31.83)
DCF	$836.36	+2527.6%
Graham Number	$18.97	-40.4%
Reverse DCF	—	implied g: 48.9%
DDM	—	—
EV/EBITDA	$31.83	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $103.48M

Near-term growth (yrs 1–5)(%)Rev: 123.4% / EPS: 19.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.78%

Computed WACC: 9.78%

Cost of equity (Re)12.48%(Rf 4.30% + β 1.49 × 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)78.36%

Debt weight (D/V)21.64%

Results

Intrinsic Value / share$709.51

Current Price$31.83

Upside / Downside+2129.1%

Net Debt (used)$1.16B

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

WACC \ Near-term	115.4%	119.4%	123.4%	127.4%	131.4%
7.0%	$1150.66	$1261.54	$1380.81	$1508.92	$1646.36
8.0%	$880.19	$965.01	$1056.25	$1154.25	$1259.38
9.0%	$696.94	$764.11	$836.36	$913.96	$997.21
10.0%	$565.71	$620.25	$678.90	$741.89	$809.47
11.0%	$467.92	$513.03	$561.55	$613.66	$669.56

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.37

Book Value / share($)Yahoo: $11.67

Results

Graham Number$18.97

Current Price$31.83

Margin of Safety-40.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.78%

Terminal growth rate(%)

Computed WACC: 9.78%

Cost of equity (Re)12.48%(Rf 4.30% + β 1.49 × 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)78.36%

Debt weight (D/V)21.64%

Results

Current Price$31.83

Implied Near-term FCF Growth51.9%

Historical Revenue Growth123.4%

Historical Earnings Growth19.2%

Base FCF (TTM)$103.48M

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$31.83

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.10B

Target EV/EBITDA multipleCurrent: 18.4×

Net Debt($B)Default: $1.16B

Results

Implied Equity Value / share$31.83

Current Price$31.83

Upside / Downside-0.0%

Implied EV$20.22B

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

Mult \ Net Debt	$1.16B	$1.16B	$1.16B	$1.16B	$1.16B
14.4x	$24.50	$24.50	$24.50	$24.50	$24.50
16.4x	$28.17	$28.17	$28.17	$28.17	$28.17
18.4x	$31.83	$31.83	$31.83	$31.83	$31.83
20.4x	$35.49	$35.49	$35.49	$35.49	$35.49
22.4x	$39.15	$39.15	$39.15	$39.15	$39.15

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