UWMC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($4.16)
DCF	$4787063.62	+115073544.8%
Graham Number	$1.42	-66.0%
Reverse DCF	—	implied g: -7.7%
DDM	$8.24	+98.1%
EV/EBITDA	$9.27	+122.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.82B

Near-term growth (yrs 1–5)(%)Rev: 301.0% / EPS: 277.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.74%

Computed WACC: 4.74%

Cost of equity (Re)14.99%(Rf 4.30% + β 1.94 × 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)31.60%

Debt weight (D/V)68.40%

Results

Intrinsic Value / share$19310458.02

Current Price$4.16

Upside / Downside+464193602.3%

Net Debt (used)$13.96B

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

WACC \ Near-term	293.0%	297.0%	301.0%	305.0%	309.0%
7.0%	$7283859.17	$7662141.94	$8055980.71	$8465850.42	$8892235.55
8.0%	$5519005.78	$5805627.82	$6104036.37	$6414591.28	$6737659.62
9.0%	$4328262.53	$4553041.45	$4787063.62	$5030611.24	$5283972.18
10.0%	$3479501.68	$3660199.03	$3848326.82	$4044111.89	$4247785.65
11.0%	$2850052.67	$2998058.86	$3152151.09	$3312515.16	$3479340.61

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.12

Book Value / share($)Yahoo: $0.74

Results

Graham Number$1.42

Current Price$4.16

Margin of Safety-66.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.74%

Terminal growth rate(%)

Computed WACC: 4.74%

Cost of equity (Re)14.99%(Rf 4.30% + β 1.94 × 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)31.60%

Debt weight (D/V)68.40%

Results

Current Price$4.16

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth301.0%

Historical Earnings Growth277.8%

Base FCF (TTM)$1.82B

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: $0.40

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$8.24

Current Price$4.16

Upside / Downside+98.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $832.80M

Target EV/EBITDA multipleCurrent: 20.0×

Net Debt($B)Default: $13.96B

Results

Implied Equity Value / share$9.27

Current Price$4.16

Upside / Downside+122.7%

Implied EV$16.63B

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

Mult \ Net Debt	$7.96B	$10.96B	$13.96B	$16.96B	$19.96B
16.0x	$18.52	$8.12	$-2.29	$-12.70	$-23.11
18.0x	$24.30	$13.90	$3.49	$-6.92	$-17.33
20.0x	$30.08	$19.67	$9.27	$-1.14	$-11.55
22.0x	$35.86	$25.45	$15.04	$4.64	$-5.77
24.0x	$41.64	$31.23	$20.82	$10.42	$0.01

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