T-PC

T-PC — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($19.40)
DCF$79641343184.82+410522387450.6%
Graham Number$28.98+49.4%
Reverse DCFimplied g: -2.6%
DDM$24.51+26.4%
EV/EBITDA$154526941667.33+796530627051.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $12.59B
Rev: 3.6% / EPS: -5.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$79641343184.82
Current Price$19.40
Upside / Downside+410522387450.6%
Net Debt (used)$141.33B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$81539631489.88$126608026492.33$179039827650.24$239723768532.72$309617999719.80
8.0%$41883471423.36$78158111597.68$120295403136.63$168999319891.23$225028660284.01
9.0%$14403320321.91$44607835170.95$79641343184.82$120080727433.85$166547666189.34
10.0%$-5770183768.97$19997666939.06$49840884439.08$84243826084.25$123728349565.27
11.0%$-21214990147.76$1172545227.45$27062830202.93$56870031936.30$91040289684.39

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $2.38
Yahoo: $15.71

Results

Graham Number$28.98
Current Price$19.40
Margin of Safety+49.4%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$19.40
Implied Near-term FCF Growth-2.6%
Historical Revenue Growth3.6%
Historical Earnings Growth-5.6%
Base FCF (TTM)$12.59B
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: $1.19

Results

DDM Intrinsic Value / share$24.51
Current Price$19.40
Upside / Downside+26.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $44.24B
Current: 6.7×
Default: $141.33B

Results

Implied Equity Value / share$154526941667.33
Current Price$19.40
Upside / Downside+796530627051.2%
Implied EV$295.85B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$71.33B$106.33B$141.33B$176.33B$211.33B
2.7x$47554936291.33$12554936291.33$-22445063708.67$-57445063708.67$-92445063708.67
4.7x$136040938979.33$101040938979.33$66040938979.33$31040938979.33$-3959061020.67
6.7x$224526941667.33$189526941667.33$154526941667.33$119526941667.33$84526941667.33
8.7x$313012944355.33$278012944355.33$243012944355.33$208012944355.33$173012944355.33
10.7x$401498947043.33$366498947043.33$331498947043.33$296498947043.33$261498947043.33