STM

STM — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($33.48)
DCF$-5.16-115.4%
Graham Number$9.01-73.1%
Reverse DCF
DDM$7.42-77.8%
EV/EBITDA$33.93+1.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$407.38M
Rev: 0.2% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-5.16
Current Price$33.48
Upside / Downside-115.4%
Net Debt (used)-$2.57B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$-5.23$-6.87$-8.78$-10.99$-13.53
8.0%$-3.78$-5.10$-6.64$-8.41$-10.45
9.0%$-2.78$-3.88$-5.16$-6.63$-8.32
10.0%$-2.05$-2.99$-4.07$-5.33$-6.76
11.0%$-1.48$-2.30$-3.24$-4.33$-5.57

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.18
Yahoo: $20.06

Results

Graham Number$9.01
Current Price$33.48
Margin of Safety-73.1%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$33.48
Implied Near-term FCF Growth
Historical Revenue Growth0.2%
Historical Earnings Growth
Base FCF (TTM)-$407.38M
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

Yahoo: $0.36

Results

DDM Intrinsic Value / share$7.42
Current Price$33.48
Upside / Downside-77.8%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $2.35B
Current: 11.7×
Default: -$2.57B

Results

Implied Equity Value / share$33.93
Current Price$33.48
Upside / Downside+1.3%
Implied EV$27.58B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$4.57B-$3.57B-$2.57B-$1.57B-$568.00M
7.7x$25.60$24.47$23.35$22.22$21.10
9.7x$30.89$29.76$28.64$27.51$26.39
11.7x$36.18$35.05$33.93$32.80$31.68
13.7x$41.46$40.34$39.21$38.09$36.96
15.7x$46.75$45.63$44.50$43.38$42.25