SSRM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($31.94)
DCF	$305466231151044.13	+956375175801541.0%
Graham Number	$26.75	-16.3%
Reverse DCF	—	implied g: 6.8%
DDM	—	—
EV/EBITDA	$35.91	+12.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $322.89M

Near-term growth (yrs 1–5)(%)Rev: 61.4% / EPS: 2967.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.83%

Computed WACC: 6.83%

Cost of equity (Re)7.25%(Rf 4.30% + β 0.54 × 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)94.26%

Debt weight (D/V)5.74%

Results

Intrinsic Value / share$548718321945128.31

Current Price$31.94

Upside / Downside+1717965942220088.8%

Net Debt (used)-$180.38M

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

WACC \ Near-term	2959.2%	2963.2%	2967.2%	2971.2%	2975.2%
7.0%	$513793698048871.25	$517161500471323.50	$520546939938993.75	$523950085634734.31	$527371006922078.56
8.0%	$386877091708328.25	$389412984249307.06	$391962157157064.69	$394524662525000.69	$397100552582565.06
9.0%	$301503308330023.75	$303479594874142.94	$305466231151043.81	$307463257758458.19	$309470715400144.94
10.0%	$240848034568815.22	$242426739401152.28	$244013711846909.16	$245608984336522.41	$247212589385125.41
11.0%	$196023264735776.56	$197308153258092.97	$198599770689684.13	$199898143425284.97	$201203297928564.38

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.84

Book Value / share($)Yahoo: $17.28

Results

Graham Number$26.75

Current Price$31.94

Margin of Safety-16.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.83%

Terminal growth rate(%)

Computed WACC: 6.83%

Cost of equity (Re)7.25%(Rf 4.30% + β 0.54 × 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)94.26%

Debt weight (D/V)5.74%

Results

Current Price$31.94

Implied Near-term FCF Growth0.2%

Historical Revenue Growth61.4%

Historical Earnings Growth2967.2%

Base FCF (TTM)$322.89M

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$31.94

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $651.25M

Target EV/EBITDA multipleCurrent: 10.9×

Net Debt($B)Default: -$180.38M

Results

Implied Equity Value / share$35.91

Current Price$31.94

Upside / Downside+12.4%

Implied EV$7.12B

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

Mult \ Net Debt	-$2.18B	-$1.18B	-$180.38M	$819.62M	$1.82B
6.9x	$32.93	$28.01	$23.09	$18.18	$13.26
8.9x	$39.34	$34.42	$29.50	$24.58	$19.66
10.9x	$45.74	$40.82	$35.91	$30.99	$26.07
12.9x	$52.15	$47.23	$42.31	$37.39	$32.47
14.9x	$58.55	$53.64	$48.72	$43.80	$38.88

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