TS

TS — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($52.94)
DCF$48.23-8.9%
Graham Number$36.76-30.6%
Reverse DCFimplied g: 7.1%
DDM$36.67-30.7%
EV/EBITDA$106.56+101.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $1.23B
Rev: 5.3% / EPS: -6.4%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$48.16
Current Price$52.94
Upside / Downside-9.0%
Net Debt (used)-$2.43B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-2.7%1.3%5.3%9.3%13.3%
7.0%$48.60$57.44$67.71$79.60$93.29
8.0%$40.79$47.90$56.16$65.70$76.67
9.0%$35.38$41.30$48.16$56.08$65.18
10.0%$31.41$36.46$42.30$49.04$56.76
11.0%$28.37$32.75$37.82$43.66$50.34

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $3.66
Yahoo: $16.41

Results

Graham Number$36.76
Current Price$52.94
Margin of Safety-30.6%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$52.94
Implied Near-term FCF Growth7.1%
Historical Revenue Growth5.3%
Historical Earnings Growth-6.4%
Base FCF (TTM)$1.23B
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: $1.78

Results

DDM Intrinsic Value / share$36.67
Current Price$52.94
Upside / Downside-30.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $2.82B
Current: 18.2×
Default: -$2.43B

Results

Implied Equity Value / share$106.56
Current Price$52.94
Upside / Downside+101.3%
Implied EV$51.37B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$4.43B-$3.43B-$2.43B-$1.43B-$430.44M
14.2x$88.18$86.20$84.22$82.24$80.26
16.2x$99.35$97.37$95.39$93.41$91.43
18.2x$110.53$108.54$106.56$104.58$102.60
20.2x$121.70$119.72$117.74$115.76$113.77
22.2x$132.87$130.89$128.91$126.93$124.95