TEAM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($73.80)
DCF	$453.44	+514.4%
Graham Number	—	—
Reverse DCF	—	implied g: -8.4%
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.52B

Near-term growth (yrs 1–5)(%)Rev: 23.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.13%

Computed WACC: 9.13%

Cost of equity (Re)9.70%(Rf 4.30% + β 0.98 × 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)94.12%

Debt weight (D/V)5.88%

Results

Intrinsic Value / share$443.85

Current Price$73.80

Upside / Downside+501.4%

Net Debt (used)-$350.97M

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

WACC \ Near-term	15.3%	19.3%	23.3%	27.3%	31.3%
7.0%	$501.57	$590.41	$691.72	$806.76	$936.92
8.0%	$400.76	$470.93	$550.89	$641.65	$744.28
9.0%	$331.51	$388.89	$454.22	$528.33	$612.09
10.0%	$281.17	$329.26	$383.99	$446.02	$516.09
11.0%	$243.04	$284.11	$330.81	$383.72	$443.44

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.72

Book Value / share($)Yahoo: $5.99

Results

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

Graham Number—

Current Price$73.80

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.13%

Terminal growth rate(%)

Computed WACC: 9.13%

Cost of equity (Re)9.70%(Rf 4.30% + β 0.98 × 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)94.12%

Debt weight (D/V)5.88%

Results

Current Price$73.80

Implied Near-term FCF Growth-8.1%

Historical Revenue Growth23.3%

Historical Earnings Growth—

Base FCF (TTM)$1.52B

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$73.80

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$22.99M

Target EV/EBITDA multipleCurrent: -831.4×

Net Debt($B)Default: -$350.97M

Results

Implied Equity Value / share$114.76

Current Price$73.80

Upside / Downside+55.5%

Implied EV$19.11B

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