ULTA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($660.52)
DCF	$558.22	-15.5%
Graham Number	$186.26	-71.8%
Reverse DCF	—	implied g: 15.6%
DDM	—	—
EV/EBITDA	$676.98	+2.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $975.34M

Near-term growth (yrs 1–5)(%)Rev: 12.9% / EPS: 0.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.24%

Computed WACC: 8.24%

Cost of equity (Re)8.96%(Rf 4.30% + β 0.85 × 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)92.00%

Debt weight (D/V)8.00%

Results

Intrinsic Value / share$647.85

Current Price$660.52

Upside / Downside-1.9%

Net Debt (used)$2.37B

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

WACC \ Near-term	4.9%	8.9%	12.9%	16.9%	20.9%
7.0%	$591.42	$715.08	$857.64	$1021.23	$1208.11
8.0%	$468.83	$567.44	$681.00	$811.18	$959.77
9.0%	$384.28	$465.64	$559.25	$666.45	$788.72
10.0%	$322.51	$391.32	$470.40	$560.89	$664.00
11.0%	$275.48	$334.76	$402.82	$480.62	$569.20

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $26.06

Book Value / share($)Yahoo: $59.17

Results

Graham Number$186.26

Current Price$660.52

Margin of Safety-71.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.24%

Terminal growth rate(%)

Computed WACC: 8.24%

Cost of equity (Re)8.96%(Rf 4.30% + β 0.85 × 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)92.00%

Debt weight (D/V)8.00%

Results

Current Price$660.52

Implied Near-term FCF Growth13.2%

Historical Revenue Growth12.9%

Historical Earnings Growth0.0%

Base FCF (TTM)$975.34M

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

Results

This company does not pay a dividend. DDM is not applicable — the intrinsic value shown uses D0 = $0 unless you enter a hypothetical dividend above.

DDM Intrinsic Value / share—

Current Price$660.52

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.86B

Target EV/EBITDA multipleCurrent: 17.4×

Net Debt($B)Default: $2.37B

Results

Implied Equity Value / share$676.98

Current Price$660.52

Upside / Downside+2.5%

Implied EV$32.40B

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

Mult \ Net Debt	$369.74M	$1.37B	$2.37B	$3.37B	$4.37B
13.4x	$554.26	$531.72	$509.18	$486.64	$464.10
15.4x	$638.17	$615.62	$593.08	$570.54	$548.00
17.4x	$722.07	$699.52	$676.98	$654.44	$631.90
19.4x	$805.97	$783.43	$760.88	$738.34	$715.80
21.4x	$889.87	$867.33	$844.79	$822.24	$799.70

← Overview Financial Statements ← Companies