UNFI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($37.43)
DCF	$82.84	+121.3%
Graham Number	—	—
Reverse DCF	—	implied g: -1.7%
DDM	—	—
EV/EBITDA	$38.64	+3.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $483.12M

Near-term growth (yrs 1–5)(%)Rev: -0.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.78%

Computed WACC: 3.78%

Cost of equity (Re)9.53%(Rf 4.30% + β 0.95 × 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)39.65%

Debt weight (D/V)60.35%

Results

Intrinsic Value / share$657.85

Current Price$37.43

Upside / Downside+1657.5%

Net Debt (used)$3.43B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$84.04	$112.43	$145.46	$183.69	$227.72
8.0%	$59.06	$81.91	$108.46	$139.14	$174.43
9.0%	$41.75	$60.77	$82.84	$108.32	$137.59
10.0%	$29.04	$45.27	$64.07	$85.74	$110.62
11.0%	$19.31	$33.41	$49.72	$68.50	$90.03

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.66

Book Value / share($)Yahoo: $25.40

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$37.43

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.78%

Terminal growth rate(%)

Computed WACC: 3.78%

Cost of equity (Re)9.53%(Rf 4.30% + β 0.95 × 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)39.65%

Debt weight (D/V)60.35%

Results

Current Price$37.43

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-0.4%

Historical Earnings Growth—

Base FCF (TTM)$483.12M

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$37.43

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $521.00M

Target EV/EBITDA multipleCurrent: 11.1×

Net Debt($B)Default: $3.43B

Results

Implied Equity Value / share$38.64

Current Price$37.43

Upside / Downside+3.2%

Implied EV$5.79B

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

Mult \ Net Debt	$1.43B	$2.43B	$3.43B	$4.43B	$5.43B
7.1x	$37.26	$20.85	$4.44	$-11.98	$-28.39
9.1x	$54.36	$37.95	$21.54	$5.13	$-11.29
11.1x	$71.46	$55.05	$38.64	$22.23	$5.81
13.1x	$88.56	$72.15	$55.74	$39.33	$22.92
15.1x	$105.66	$89.25	$72.84	$56.43	$40.02

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