UFPI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($99.64)
DCF	$45.53	-54.3%
Graham Number	$81.08	-18.6%
Reverse DCF	—	implied g: 21.1%
DDM	$29.66	-70.2%
EV/EBITDA	$98.86	-0.8%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $117.39M

Near-term growth (yrs 1–5)(%)Rev: -9.0% / EPS: -39.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.46%

Computed WACC: 11.46%

Cost of equity (Re)12.16%(Rf 4.30% + β 1.43 × 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)94.21%

Debt weight (D/V)5.79%

Results

Intrinsic Value / share$35.71

Current Price$99.64

Upside / Downside-64.2%

Net Debt (used)-$591.73M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$45.84	$53.05	$61.45	$71.16	$82.35
8.0%	$39.49	$45.30	$52.04	$59.84	$68.81
9.0%	$35.09	$39.92	$45.53	$52.01	$59.45
10.0%	$31.86	$35.98	$40.76	$46.27	$52.59
11.0%	$29.39	$32.97	$37.12	$41.89	$47.36

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $5.40

Book Value / share($)Yahoo: $54.11

Results

Graham Number$81.08

Current Price$99.64

Margin of Safety-18.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.46%

Terminal growth rate(%)

Computed WACC: 11.46%

Cost of equity (Re)12.16%(Rf 4.30% + β 1.43 × 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)94.21%

Debt weight (D/V)5.79%

Results

Current Price$99.64

Implied Near-term FCF Growth28.2%

Historical Revenue Growth-9.0%

Historical Earnings Growth-39.7%

Base FCF (TTM)$117.39M

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: $1.44

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$29.66

Current Price$99.64

Upside / Downside-70.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $526.08M

Target EV/EBITDA multipleCurrent: 9.8×

Net Debt($B)Default: -$591.73M

Results

Implied Equity Value / share$98.86

Current Price$99.64

Upside / Downside-0.8%

Implied EV$5.17B

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

Mult \ Net Debt	-$2.59B	-$1.59B	-$591.73M	$408.27M	$1.41B
5.8x	$97.07	$79.91	$62.74	$45.58	$28.41
7.8x	$115.13	$97.97	$80.80	$63.64	$46.47
9.8x	$133.19	$116.03	$98.86	$81.70	$64.53
11.8x	$151.25	$134.09	$116.92	$99.76	$82.59
13.8x	$169.31	$152.15	$134.98	$117.82	$100.65

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