STRD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($78.25)
DCF	$-5524.44	-7160.0%
Graham Number	—	—
Reverse DCF	—	—
DDM	$206.00	+163.3%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$3.36B

Near-term growth (yrs 1–5)(%)Rev: 1.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.38%

Computed WACC: 2.38%

Cost of equity (Re)23.74%(Rf 4.30% + β 3.54 × 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)10.04%

Debt weight (D/V)89.96%

Results

Intrinsic Value / share—

Current Price$78.25

Upside / Downside—

Net Debt (used)$5.95B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-5567.56	$-6591.24	$-7782.17	$-9160.53	$-10748.10
8.0%	$-4666.82	$-5490.75	$-6447.85	$-7554.11	$-8826.75
9.0%	$-4042.63	$-4728.70	$-5524.44	$-6442.98	$-7498.42
10.0%	$-3584.42	$-4169.70	$-4847.56	$-5628.98	$-6525.83
11.0%	$-3233.61	$-3742.11	$-4330.18	$-5007.22	$-5783.36

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: —

Book Value / share($)Yahoo: $141.39

Results

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

Graham Number—

Current Price$78.25

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.38%

Terminal growth rate(%)

Computed WACC: 2.38%

Cost of equity (Re)23.74%(Rf 4.30% + β 3.54 × 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)10.04%

Debt weight (D/V)89.96%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$78.25

Implied Near-term FCF Growth—

Historical Revenue Growth1.9%

Historical Earnings Growth—

Base FCF (TTM)-$3.36B

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: $10.00

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$206.00

Current Price$78.25

Upside / Downside+163.3%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$5.44B

Target EV/EBITDA multipleCurrent: -7.1×

Net Debt($B)Default: $5.95B

Results

Implied Equity Value / share$2787.12

Current Price$78.25

Upside / Downside+3461.8%

Implied EV$38.74B

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