UNIT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.83)
DCF	$-30319.04	-387316.3%
Graham Number	$15.94	+103.6%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$7.60	-2.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$88.31M

Near-term growth (yrs 1–5)(%)Rev: 212.7% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.06%

Computed WACC: 2.06%

Cost of equity (Re)12.76%(Rf 4.30% + β 1.54 × 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)16.13%

Debt weight (D/V)83.87%

Results

Intrinsic Value / share—

Current Price$7.83

Upside / Downside—

Net Debt (used)$9.97B

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

WACC \ Near-term	204.7%	208.7%	212.7%	216.7%	220.7%
7.0%	$-44486.13	$-47480.35	$-50633.82	$-53952.80	$-57443.74
8.0%	$-33816.80	$-36092.09	$-38488.39	$-41010.46	$-43663.18
9.0%	$-26608.87	$-28398.48	$-30283.26	$-32266.95	$-34353.41
10.0%	$-21463.73	$-22906.65	$-24426.31	$-26025.71	$-27707.97
11.0%	$-17642.18	$-18827.61	$-20076.07	$-21390.05	$-22772.08

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $7.10

Book Value / share($)Yahoo: $1.59

Results

Graham Number$15.94

Current Price$7.83

Margin of Safety+103.6%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.06%

Terminal growth rate(%)

Computed WACC: 2.06%

Cost of equity (Re)12.76%(Rf 4.30% + β 1.54 × 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)16.13%

Debt weight (D/V)83.87%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$7.83

Implied Near-term FCF Growth—

Historical Revenue Growth212.7%

Historical Earnings Growth—

Base FCF (TTM)-$88.31M

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$7.83

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $928.60M

Target EV/EBITDA multipleCurrent: 12.8×

Net Debt($B)Default: $9.97B

Results

Implied Equity Value / share$7.60

Current Price$7.83

Upside / Downside-2.9%

Implied EV$11.84B

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

Mult \ Net Debt	$5.97B	$7.97B	$9.97B	$11.97B	$13.97B
8.8x	$8.76	$0.64	$-7.49	$-15.61	$-23.73
10.8x	$16.31	$8.18	$0.06	$-8.07	$-16.19
12.8x	$23.85	$15.73	$7.60	$-0.52	$-8.65
14.8x	$31.39	$23.27	$15.15	$7.02	$-1.10
16.8x	$38.94	$30.81	$22.69	$14.57	$6.44

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