UBSI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($41.84)
DCF	$12.32	-70.6%
Graham Number	$53.83	+28.7%
Reverse DCF	—	—
DDM	$30.90	-26.1%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 29.4% / EPS: 32.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.50%

Computed WACC: 7.50%

Cost of equity (Re)8.56%(Rf 4.30% + β 0.77 × 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)87.60%

Debt weight (D/V)12.40%

Results

Intrinsic Value / share$12.32

Current Price$41.84

Upside / Downside-70.6%

Net Debt (used)-$1.72B

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

WACC \ Near-term	24.0%	28.0%	32.0%	36.0%	40.0%
7.0%	$12.32	$12.32	$12.32	$12.32	$12.32
8.0%	$12.32	$12.32	$12.32	$12.32	$12.32
9.0%	$12.32	$12.32	$12.32	$12.32	$12.32
10.0%	$12.32	$12.32	$12.32	$12.32	$12.32
11.0%	$12.32	$12.32	$12.32	$12.32	$12.32

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.27

Book Value / share($)Yahoo: $39.38

Results

Graham Number$53.83

Current Price$41.84

Margin of Safety+28.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.50%

Terminal growth rate(%)

Computed WACC: 7.50%

Cost of equity (Re)8.56%(Rf 4.30% + β 0.77 × 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)87.60%

Debt weight (D/V)12.40%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$41.84

Implied Near-term FCF Growth—

Historical Revenue Growth29.4%

Historical Earnings Growth32.0%

Base FCF (TTM)—

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: $1.50

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$30.90

Current Price$41.84

Upside / Downside-26.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$1.72B

Results

Implied Equity Value / share$12.32

Current Price$41.84

Upside / Downside-70.6%

Implied EV$0

← Overview Financial Statements ← Companies