USFD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($95.41)
DCF	$260972.29	+273427.2%
Graham Number	$35.95	-62.3%
Reverse DCF	—	implied g: 15.5%
DDM	—	—
EV/EBITDA	$95.41	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $825.37M

Near-term growth (yrs 1–5)(%)Rev: 3.3% / EPS: 205.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.74%

Computed WACC: 7.74%

Cost of equity (Re)9.82%(Rf 4.30% + β 1.00 × 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)78.80%

Debt weight (D/V)21.20%

Results

Intrinsic Value / share$355250.83

Current Price$95.41

Upside / Downside+372241.3%

Net Debt (used)$5.68B

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

WACC \ Near-term	197.9%	201.9%	205.9%	209.9%	213.9%
7.0%	$382641.21	$409024.18	$436842.75	$466154.73	$497019.47
8.0%	$290874.05	$310928.60	$332074.33	$354355.19	$377816.28
9.0%	$228869.96	$244648.66	$261285.84	$278816.07	$297274.82
10.0%	$184603.74	$197329.86	$210748.33	$224887.03	$239774.57
11.0%	$151719.66	$162178.14	$173205.57	$184824.85	$197059.49

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.94

Book Value / share($)Yahoo: $19.53

Results

Graham Number$35.95

Current Price$95.41

Margin of Safety-62.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.74%

Terminal growth rate(%)

Computed WACC: 7.74%

Cost of equity (Re)9.82%(Rf 4.30% + β 1.00 × 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)78.80%

Debt weight (D/V)21.20%

Results

Current Price$95.41

Implied Near-term FCF Growth11.5%

Historical Revenue Growth3.3%

Historical Earnings Growth205.9%

Base FCF (TTM)$825.37M

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$95.41

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.71B

Target EV/EBITDA multipleCurrent: 15.6×

Net Debt($B)Default: $5.68B

Results

Implied Equity Value / share$95.41

Current Price$95.41

Upside / Downside-0.0%

Implied EV$26.72B

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

Mult \ Net Debt	$3.68B	$4.68B	$5.68B	$6.68B	$7.68B
11.6x	$73.46	$68.93	$64.40	$59.86	$55.33
13.6x	$88.97	$84.44	$79.90	$75.37	$70.83
15.6x	$104.48	$99.94	$95.41	$90.88	$86.34
17.6x	$119.99	$115.45	$110.92	$106.38	$101.85
19.6x	$135.49	$130.96	$126.42	$121.89	$117.36

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