STC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($69.95)
DCF	$1052.64	+1404.8%
Graham Number	$68.32	-2.3%
Reverse DCF	—	implied g: 8.0%
DDM	$43.26	-38.2%
EV/EBITDA	$71.30	+1.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $120.53M

Near-term growth (yrs 1–5)(%)Rev: 19.7% / EPS: 55.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.19%

Computed WACC: 7.19%

Cost of equity (Re)9.81%(Rf 4.30% + β 1.00 × 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)73.33%

Debt weight (D/V)26.67%

Results

Intrinsic Value / share$1602.15

Current Price$69.95

Upside / Downside+2190.4%

Net Debt (used)$403.48M

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

WACC \ Near-term	47.2%	51.2%	55.2%	59.2%	63.2%
7.0%	$1295.30	$1480.68	$1686.60	$1914.73	$2166.82
8.0%	$1005.87	$1149.77	$1309.60	$1486.63	$1682.23
9.0%	$808.56	$924.22	$1052.64	$1194.85	$1351.96
10.0%	$666.32	$761.61	$867.40	$984.54	$1113.92
11.0%	$559.52	$639.54	$728.35	$826.68	$935.26

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.82

Book Value / share($)Yahoo: $54.30

Results

Graham Number$68.32

Current Price$69.95

Margin of Safety-2.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.19%

Terminal growth rate(%)

Computed WACC: 7.19%

Cost of equity (Re)9.81%(Rf 4.30% + β 1.00 × 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)73.33%

Debt weight (D/V)26.67%

Results

Current Price$69.95

Implied Near-term FCF Growth2.5%

Historical Revenue Growth19.7%

Historical Earnings Growth55.2%

Base FCF (TTM)$120.53M

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: $2.10

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$43.26

Current Price$69.95

Upside / Downside-38.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $251.99M

Target EV/EBITDA multipleCurrent: 10.2×

Net Debt($B)Default: $403.48M

Results

Implied Equity Value / share$71.30

Current Price$69.95

Upside / Downside+1.9%

Implied EV$2.56B

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

Mult \ Net Debt	-$1.60B	-$596.52M	$403.48M	$1.40B	$2.40B
6.2x	$104.13	$71.04	$37.95	$4.86	$-28.22
8.2x	$120.80	$87.71	$54.63	$21.54	$-11.55
10.2x	$137.48	$104.39	$71.30	$38.21	$5.13
12.2x	$154.15	$121.06	$87.98	$54.89	$21.80
14.2x	$170.83	$137.74	$104.65	$71.56	$38.48

← Overview Financial Statements ← Companies