SXI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($258.52)
DCF	$1456075233.49	+563234943.1%
Graham Number	$76.37	-70.5%
Reverse DCF	—	implied g: 23.2%
DDM	$28.02	-89.2%
EV/EBITDA	$264.00	+2.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $64.46M

Near-term growth (yrs 1–5)(%)Rev: 26.6% / EPS: 661.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.11%

Computed WACC: 10.11%

Cost of equity (Re)10.45%(Rf 4.30% + β 1.12 × ERP 5.50%)

Cost of debt (Rd)6.82%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)93.20%

Debt weight (D/V)6.80%

Results

Intrinsic Value / share$1139884717.73

Current Price$258.52

Upside / Downside+440926991.8%

Net Debt (used)$92.16M

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

WACC \ Near-term	653.3%	657.3%	661.3%	665.3%	669.3%
7.0%	$2343638761.67	$2406526242.50	$2470756517.60	$2536350976.91	$2603331236.35
8.0%	$1768982901.43	$1816450468.80	$1864931578.95	$1914442377.04	$1964999178.79
9.0%	$1381959531.65	$1419041985.50	$1456916235.50	$1495594894.52	$1535090708.66
10.0%	$1106631164.75	$1136325651.16	$1166654183.25	$1197626860.99	$1229253891.06
11.0%	$902875564.14	$927102616.95	$951846972.88	$977116872.27	$1002920642.50

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.46

Book Value / share($)Yahoo: $58.12

Results

Graham Number$76.37

Current Price$258.52

Margin of Safety-70.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.11%

Terminal growth rate(%)

Computed WACC: 10.11%

Cost of equity (Re)10.45%(Rf 4.30% + β 1.12 × ERP 5.50%)

Cost of debt (Rd)6.82%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)93.20%

Debt weight (D/V)6.80%

Results

Current Price$258.52

Implied Near-term FCF Growth26.6%

Historical Revenue Growth26.6%

Historical Earnings Growth661.3%

Base FCF (TTM)$64.46M

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: $1.36

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$28.02

Current Price$258.52

Upside / Downside-89.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $181.44M

Target EV/EBITDA multipleCurrent: 18.1×

Net Debt($B)Default: $92.16M

Results

Implied Equity Value / share$264.00

Current Price$258.52

Upside / Downside+2.1%

Implied EV$3.29B

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

Mult \ Net Debt	-$1.91B	-$907.84M	$92.16M	$1.09B	$2.09B
14.1x	$369.15	$286.63	$204.11	$121.60	$39.08
16.1x	$399.09	$316.58	$234.06	$151.54	$69.02
18.1x	$429.04	$346.52	$264.00	$181.49	$98.97
20.1x	$458.98	$376.46	$293.95	$211.43	$128.91
22.1x	$488.92	$406.41	$323.89	$241.37	$158.86

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