SNAP — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.26)
DCF	$1631778.83	+31022311.2%
Graham Number	—	—
Reverse DCF	—	implied g: 6.6%
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: $454.65M

Near-term growth (yrs 1–5)(%)Rev: 10.2% / EPS: 395.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.92%

Computed WACC: 5.92%

Cost of equity (Re)8.68%(Rf 4.30% + β 0.80 × 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)68.20%

Debt weight (D/V)31.80%

Results

Intrinsic Value / share$3949917.22

Current Price$5.26

Upside / Downside+75093383.2%

Net Debt (used)$1.20B

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

WACC \ Near-term	387.8%	391.8%	395.8%	399.8%	403.8%
7.0%	$2540199.31	$2646068.80	$2755439.16	$2868396.48	$2985028.30
8.0%	$1921455.14	$2001536.46	$2084265.86	$2169708.50	$2257930.56
9.0%	$1504314.39	$1567010.02	$1631778.83	$1698671.81	$1767740.80
10.0%	$1207230.19	$1257543.89	$1309521.32	$1363203.42	$1418631.76
11.0%	$987111.68	$1028251.26	$1070751.19	$1114644.96	$1159966.56

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.27

Book Value / share($)Yahoo: $1.33

Results

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

Graham Number—

Current Price$5.26

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.92%

Terminal growth rate(%)

Computed WACC: 5.92%

Cost of equity (Re)8.68%(Rf 4.30% + β 0.80 × 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)68.20%

Debt weight (D/V)31.80%

Results

Current Price$5.26

Implied Near-term FCF Growth-3.5%

Historical Revenue Growth10.2%

Historical Earnings Growth395.8%

Base FCF (TTM)$454.65M

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$5.26

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$368.53M

Target EV/EBITDA multipleCurrent: -27.4×

Net Debt($B)Default: $1.20B

Results

Implied Equity Value / share$6.19

Current Price$5.26

Upside / Downside+17.7%

Implied EV$10.09B

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