UFCS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($39.28)
DCF	$-1824.73	-4745.4%
Graham Number	$60.97	+55.2%
Reverse DCF	—	—
DDM	$16.48	-58.0%
EV/EBITDA	$38.86	-1.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$1.12B

Near-term growth (yrs 1–5)(%)Rev: 9.8% / EPS: 20.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.62%

Computed WACC: 6.62%

Cost of equity (Re)6.79%(Rf 4.30% + β 0.45 × ERP 5.50%)

Cost of debt (Rd)7.07%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)86.28%

Debt weight (D/V)13.72%

Results

Intrinsic Value / share$-3045.84

Current Price$39.28

Upside / Downside-7854.2%

Net Debt (used)$3.02M

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

WACC \ Near-term	12.0%	16.0%	20.0%	24.0%	28.0%
7.0%	$-1986.60	$-2348.54	$-2762.62	$-3234.37	$-3769.65
8.0%	$-1592.34	$-1879.02	$-2206.76	$-2579.88	$-3002.99
9.0%	$-1321.22	$-1556.25	$-1824.73	$-2130.17	$-2476.33
10.0%	$-1123.85	$-1321.36	$-1546.81	$-1803.12	$-2093.40
11.0%	$-974.10	$-1143.23	$-1336.12	$-1555.25	$-1803.26

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.48

Book Value / share($)Yahoo: $36.88

Results

Graham Number$60.97

Current Price$39.28

Margin of Safety+55.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.62%

Terminal growth rate(%)

Computed WACC: 6.62%

Cost of equity (Re)6.79%(Rf 4.30% + β 0.45 × ERP 5.50%)

Cost of debt (Rd)7.07%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)86.28%

Debt weight (D/V)13.72%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$39.28

Implied Near-term FCF Growth—

Historical Revenue Growth9.8%

Historical Earnings Growth20.0%

Base FCF (TTM)-$1.12B

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: $0.80

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$16.48

Current Price$39.28

Upside / Downside-58.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $169.97M

Target EV/EBITDA multipleCurrent: 5.9×

Net Debt($B)Default: $3.02M

Results

Implied Equity Value / share$38.86

Current Price$39.28

Upside / Downside-1.1%

Implied EV$994.85M

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

Mult \ Net Debt	-$2.00B	-$996.98M	$3.02M	$1.00B	$2.00B
1.9x	$90.59	$51.40	$12.22	$-26.96	$-66.14
3.9x	$103.91	$64.72	$25.54	$-13.64	$-52.82
5.9x	$117.23	$78.04	$38.86	$-0.32	$-39.50
7.9x	$130.55	$91.36	$52.18	$13.00	$-26.18
9.9x	$143.86	$104.68	$65.50	$26.32	$-12.86

← Overview Financial Statements ← Companies