UI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($798.47)
DCF	$4774.95	+498.0%
Graham Number	$75.89	-90.5%
Reverse DCF	—	implied g: 34.6%
DDM	$65.92	-91.7%
EV/EBITDA	$798.47	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $516.78M

Near-term growth (yrs 1–5)(%)Rev: 35.8% / EPS: 70.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.98%

Computed WACC: 11.98%

Cost of equity (Re)12.01%(Rf 4.30% + β 1.40 × 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)99.76%

Debt weight (D/V)0.24%

Results

Intrinsic Value / share$2798.67

Current Price$798.47

Upside / Downside+250.5%

Net Debt (used)-$186.42M

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

WACC \ Near-term	62.8%	66.8%	70.8%	74.8%	78.8%
7.0%	$6072.05	$6849.40	$7704.66	$8643.54	$9672.05
8.0%	$4700.02	$5300.46	$5961.01	$6686.07	$7480.27
9.0%	$3766.69	$4246.82	$4774.95	$5354.61	$5989.49
10.0%	$3095.36	$3488.98	$3921.91	$4397.03	$4917.35
11.0%	$2592.59	$2921.46	$3283.12	$3679.98	$4114.55

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $15.25

Book Value / share($)Yahoo: $16.79

Results

Graham Number$75.89

Current Price$798.47

Margin of Safety-90.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.98%

Terminal growth rate(%)

Computed WACC: 11.98%

Cost of equity (Re)12.01%(Rf 4.30% + β 1.40 × 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)99.76%

Debt weight (D/V)0.24%

Results

Current Price$798.47

Implied Near-term FCF Growth44.1%

Historical Revenue Growth35.8%

Historical Earnings Growth70.8%

Base FCF (TTM)$516.78M

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: $3.20

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$65.92

Current Price$798.47

Upside / Downside-91.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.06B

Target EV/EBITDA multipleCurrent: 45.3×

Net Debt($B)Default: -$186.42M

Results

Implied Equity Value / share$798.47

Current Price$798.47

Upside / Downside-0.0%

Implied EV$48.14B

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

Mult \ Net Debt	-$2.19B	-$1.19B	-$186.42M	$813.58M	$1.81B
41.3x	$761.21	$744.69	$728.17	$711.64	$695.12
43.3x	$796.36	$779.84	$763.32	$746.80	$730.27
45.3x	$831.52	$814.99	$798.47	$781.95	$765.42
47.3x	$866.67	$850.14	$833.62	$817.10	$800.57
49.3x	$901.82	$885.30	$868.77	$852.25	$835.73

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