VALU — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($36.77)
DCF	$16.25	-55.8%
Graham Number	$23.88	-35.1%
Reverse DCF	—	implied g: 27.4%
DDM	$26.78	-27.2%
EV/EBITDA	$36.77	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $4.22M

Near-term growth (yrs 1–5)(%)Rev: -3.2% / EPS: 0.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.85%

Computed WACC: 10.85%

Cost of equity (Re)10.94%(Rf 4.30% + β 1.21 × 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)99.16%

Debt weight (D/V)0.84%

Results

Intrinsic Value / share$14.48

Current Price$36.77

Upside / Downside-60.6%

Net Debt (used)-$78.49M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$16.32	$17.92	$19.80	$21.96	$24.46
8.0%	$14.90	$16.19	$17.70	$19.44	$21.44
9.0%	$13.92	$15.00	$16.25	$17.69	$19.35
10.0%	$13.20	$14.12	$15.18	$16.41	$17.82
11.0%	$12.65	$13.45	$14.37	$15.43	$16.65

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.26

Book Value / share($)Yahoo: $11.22

Results

Graham Number$23.88

Current Price$36.77

Margin of Safety-35.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.85%

Terminal growth rate(%)

Computed WACC: 10.85%

Cost of equity (Re)10.94%(Rf 4.30% + β 1.21 × 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)99.16%

Debt weight (D/V)0.84%

Results

Current Price$36.77

Implied Near-term FCF Growth33.2%

Historical Revenue Growth-3.2%

Historical Earnings Growth0.1%

Base FCF (TTM)$4.22M

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: $1.30

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$26.78

Current Price$36.77

Upside / Downside-27.2%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $6.61M

Target EV/EBITDA multipleCurrent: 40.4×

Net Debt($B)Default: -$78.49M

Results

Implied Equity Value / share$36.77

Current Price$36.77

Upside / Downside-0.0%

Implied EV$266.78M

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

Mult \ Net Debt	-$2.08B	-$1.08B	-$78.49M	$921.51M	$1.92B
36.4x	$246.95	$140.45	$33.95	$-72.54	$-179.04
38.4x	$248.36	$141.86	$35.36	$-71.14	$-177.63
40.4x	$249.77	$143.27	$36.77	$-69.73	$-176.23
42.4x	$251.17	$144.68	$38.18	$-68.32	$-174.82
44.4x	$252.58	$146.08	$39.58	$-66.91	$-173.41

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