UTMD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($67.09)
DCF	$26.84	-60.0%
Graham Number	$54.14	-19.3%
Reverse DCF	—	—
DDM	$25.54	-61.9%
EV/EBITDA	$67.09	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: -1.2% / EPS: -6.4%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.08%

Computed WACC: 6.08%

Cost of equity (Re)6.08%(Rf 4.30% + β 0.32 × 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)99.90%

Debt weight (D/V)0.10%

Results

Intrinsic Value / share$26.84

Current Price$67.09

Upside / Downside-60.0%

Net Debt (used)-$85.53M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$26.84	$26.84	$26.84	$26.84	$26.84
8.0%	$26.84	$26.84	$26.84	$26.84	$26.84
9.0%	$26.84	$26.84	$26.84	$26.84	$26.84
10.0%	$26.84	$26.84	$26.84	$26.84	$26.84
11.0%	$26.84	$26.84	$26.84	$26.84	$26.84

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.48

Book Value / share($)Yahoo: $37.43

Results

Graham Number$54.14

Current Price$67.09

Margin of Safety-19.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.08%

Terminal growth rate(%)

Computed WACC: 6.08%

Cost of equity (Re)6.08%(Rf 4.30% + β 0.32 × 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)99.90%

Debt weight (D/V)0.10%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$67.09

Implied Near-term FCF Growth—

Historical Revenue Growth-1.2%

Historical Earnings Growth-6.4%

Base FCF (TTM)—

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: $1.24

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$25.54

Current Price$67.09

Upside / Downside-61.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $14.34M

Target EV/EBITDA multipleCurrent: 8.9×

Net Debt($B)Default: -$85.53M

Results

Implied Equity Value / share$67.09

Current Price$67.09

Upside / Downside-0.0%

Implied EV$128.23M

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

Mult \ Net Debt	-$2.09B	-$1.09B	-$85.53M	$914.47M	$1.91B
4.9x	$676.78	$362.93	$49.08	$-264.77	$-578.62
6.9x	$685.79	$371.94	$58.08	$-255.77	$-569.62
8.9x	$694.79	$380.94	$67.09	$-246.76	$-560.61
10.9x	$703.80	$389.94	$76.09	$-237.76	$-551.61
12.9x	$712.80	$398.95	$85.10	$-228.75	$-542.61

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