SNPS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($417.46)
DCF	$7033.80	+1584.9%
Graham Number	$170.22	-59.2%
Reverse DCF	—	implied g: 13.4%
DDM	—	—
EV/EBITDA	$414.52	-0.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $3.10B

Near-term growth (yrs 1–5)(%)Rev: 65.5% / EPS: -82.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.38%

Computed WACC: 9.38%

Cost of equity (Re)10.66%(Rf 4.30% + β 1.16 × 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)88.02%

Debt weight (D/V)11.98%

Results

Intrinsic Value / share$6522.09

Current Price$417.46

Upside / Downside+1462.3%

Net Debt (used)$8.67B

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

WACC \ Near-term	57.5%	61.5%	65.5%	69.5%	73.5%
7.0%	$8873.95	$10055.11	$11358.62	$12793.79	$14370.35
8.0%	$6870.44	$7784.16	$8792.41	$9902.36	$11121.52
9.0%	$5506.67	$6238.42	$7045.76	$7934.43	$8910.43
10.0%	$4525.06	$5125.88	$5788.68	$6518.15	$7319.22
11.0%	$3789.37	$4292.11	$4846.64	$5456.86	$6126.88

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $8.07

Book Value / share($)Yahoo: $159.57

Results

Graham Number$170.22

Current Price$417.46

Margin of Safety-59.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.38%

Terminal growth rate(%)

Computed WACC: 9.38%

Cost of equity (Re)10.66%(Rf 4.30% + β 1.16 × 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)88.02%

Debt weight (D/V)11.98%

Results

Current Price$417.46

Implied Near-term FCF Growth14.5%

Historical Revenue Growth65.5%

Historical Earnings Growth-82.0%

Base FCF (TTM)$3.10B

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$417.46

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.62B

Target EV/EBITDA multipleCurrent: 54.5×

Net Debt($B)Default: $8.67B

Results

Implied Equity Value / share$414.52

Current Price$417.46

Upside / Downside-0.7%

Implied EV$87.97B

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

Mult \ Net Debt	$4.67B	$6.67B	$8.67B	$10.67B	$12.67B
50.5x	$401.66	$391.21	$380.75	$370.30	$359.85
52.5x	$418.55	$408.09	$397.64	$387.18	$376.73
54.5x	$435.43	$424.97	$414.52	$404.07	$393.61
56.5x	$452.31	$441.86	$431.40	$420.95	$410.50
58.5x	$469.20	$458.74	$448.29	$437.83	$427.38

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