UAN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($99.56)
DCF	$95.95	-3.6%
Graham Number	$72.65	-27.0%
Reverse DCF	—	implied g: 5.4%
DDM	$217.12	+118.1%
EV/EBITDA	$99.56	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $87.11M

Near-term growth (yrs 1–5)(%)Rev: -6.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.84%

Computed WACC: 4.84%

Cost of equity (Re)7.53%(Rf 4.30% + β 0.59 × 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)64.30%

Debt weight (D/V)35.70%

Results

Intrinsic Value / share$356.42

Current Price$99.56

Upside / Downside+258.0%

Net Debt (used)$515.08M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$97.20	$126.71	$161.04	$200.77	$246.54
8.0%	$71.23	$94.98	$122.57	$154.46	$191.15
9.0%	$53.24	$73.01	$95.95	$122.43	$152.86
10.0%	$40.03	$56.90	$76.44	$98.97	$124.82
11.0%	$29.91	$44.57	$61.53	$81.04	$103.42

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $9.33

Book Value / share($)Yahoo: $25.14

Results

Graham Number$72.65

Current Price$99.56

Margin of Safety-27.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.84%

Terminal growth rate(%)

Computed WACC: 4.84%

Cost of equity (Re)7.53%(Rf 4.30% + β 0.59 × 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)64.30%

Debt weight (D/V)35.70%

Results

Current Price$99.56

Implied Near-term FCF Growth-9.6%

Historical Revenue Growth-6.1%

Historical Earnings Growth—

Base FCF (TTM)$87.11M

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: $10.54

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$217.12

Current Price$99.56

Upside / Downside+118.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $211.64M

Target EV/EBITDA multipleCurrent: 7.4×

Net Debt($B)Default: $515.08M

Results

Implied Equity Value / share$99.56

Current Price$99.56

Upside / Downside+0.0%

Implied EV$1.57B

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

Mult \ Net Debt	-$1.48B	-$484.92M	$515.08M	$1.52B	$2.52B
3.4x	$208.69	$114.08	$19.47	$-75.14	$-169.75
5.4x	$248.74	$154.13	$59.52	$-35.09	$-129.71
7.4x	$288.78	$194.17	$99.56	$4.95	$-89.66
9.4x	$328.83	$234.22	$139.61	$45.00	$-49.61
11.4x	$368.88	$274.27	$179.66	$85.05	$-9.56

← Overview Financial Statements ← Companies