ULS

ULS — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($81.58)
DCF$85.61+4.9%
Graham Number$15.03-81.6%
Reverse DCFimplied g: 6.0%
DDM$11.95-85.4%
EV/EBITDA$218.09+167.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $359.00M
Rev: 6.8% / EPS: -17.5%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$85.61
Current Price$81.58
Upside / Downside+4.9%
Net Debt (used)$388.00M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-1.2%2.8%6.8%10.8%14.8%
7.0%$87.31$105.77$127.20$151.94$180.39
8.0%$70.60$85.42$102.61$122.43$145.19
9.0%$59.04$71.35$85.61$102.03$120.87
10.0%$50.56$61.04$73.16$87.10$103.08
11.0%$44.07$53.16$63.65$75.72$89.52

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.60
Yahoo: $6.28

Results

Graham Number$15.03
Current Price$81.58
Margin of Safety-81.6%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$81.58
Implied Near-term FCF Growth6.0%
Historical Revenue Growth6.8%
Historical Earnings Growth-17.5%
Base FCF (TTM)$359.00M
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

Yahoo: $0.58

Results

DDM Intrinsic Value / share$11.95
Current Price$81.58
Upside / Downside-85.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $676.00M
Current: 25.5×
Default: $388.00M

Results

Implied Equity Value / share$218.09
Current Price$81.58
Upside / Downside+167.3%
Implied EV$17.24B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.61B-$612.00M$388.00M$1.39B$2.39B
21.5x$208.98$196.04$183.10$170.16$157.22
23.5x$226.47$213.53$200.59$187.66$174.72
25.5x$243.97$231.03$218.09$205.15$192.21
27.5x$261.46$248.52$235.58$222.64$209.70
29.5x$278.95$266.01$253.07$240.14$227.20