STRL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($432.87)
DCF	$2019.79	+366.6%
Graham Number	$91.50	-78.9%
Reverse DCF	—	implied g: 22.3%
DDM	—	—
EV/EBITDA	$431.74	-0.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $278.38M

Near-term growth (yrs 1–5)(%)Rev: 51.5% / EPS: -22.6%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.24%

Computed WACC: 12.24%

Cost of equity (Re)12.56%(Rf 4.30% + β 1.50 × 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)97.44%

Debt weight (D/V)2.56%

Results

Intrinsic Value / share$1168.38

Current Price$432.87

Upside / Downside+169.9%

Net Debt (used)-$40.81M

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

WACC \ Near-term	43.5%	47.5%	51.5%	55.5%	59.5%
7.0%	$2459.91	$2817.02	$3214.72	$3656.37	$4145.53
8.0%	$1919.66	$2197.28	$2506.37	$2849.56	$3229.61
9.0%	$1551.17	$1774.59	$2023.29	$2299.37	$2605.03
10.0%	$1285.33	$1469.68	$1674.84	$1902.54	$2154.59
11.0%	$1085.60	$1240.61	$1413.09	$1604.47	$1816.28

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $10.30

Book Value / share($)Yahoo: $36.13

Results

Graham Number$91.50

Current Price$432.87

Margin of Safety-78.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.24%

Terminal growth rate(%)

Computed WACC: 12.24%

Cost of equity (Re)12.56%(Rf 4.30% + β 1.50 × 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)97.44%

Debt weight (D/V)2.56%

Results

Current Price$432.87

Implied Near-term FCF Growth31.6%

Historical Revenue Growth51.5%

Historical Earnings Growth-22.6%

Base FCF (TTM)$278.38M

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

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$432.87

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $490.63M

Target EV/EBITDA multipleCurrent: 26.9×

Net Debt($B)Default: -$40.81M

Results

Implied Equity Value / share$431.74

Current Price$432.87

Upside / Downside-0.3%

Implied EV$13.22B

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

Mult \ Net Debt	-$2.04B	-$1.04B	-$40.81M	$959.19M	$1.96B
22.9x	$432.96	$400.40	$367.85	$335.30	$302.75
24.9x	$464.90	$432.35	$399.79	$367.24	$334.69
26.9x	$496.84	$464.29	$431.74	$399.18	$366.63
28.9x	$528.78	$496.23	$463.68	$431.13	$398.57
30.9x	$560.73	$528.17	$495.62	$463.07	$430.52

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