VERA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($39.55)
DCF	$-25.41	-164.2%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$139.02M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.44%

Computed WACC: 10.44%

Cost of equity (Re)10.73%(Rf 4.30% + β 1.17 × 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)97.32%

Debt weight (D/V)2.68%

Results

Intrinsic Value / share$-19.10

Current Price$39.55

Upside / Downside-148.3%

Net Debt (used)-$637.28M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-25.70	$-32.71	$-40.87	$-50.31	$-61.19
8.0%	$-19.53	$-25.17	$-31.73	$-39.31	$-48.03
9.0%	$-15.25	$-19.95	$-25.41	$-31.70	$-38.93
10.0%	$-12.12	$-16.12	$-20.77	$-26.12	$-32.27
11.0%	$-9.71	$-13.20	$-17.22	$-21.86	$-27.18

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-3.99

Book Value / share($)Yahoo: $8.48

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$39.55

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.44%

Terminal growth rate(%)

Computed WACC: 10.44%

Cost of equity (Re)10.73%(Rf 4.30% + β 1.17 × 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)97.32%

Debt weight (D/V)2.68%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$39.55

Implied Near-term FCF Growth—

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)-$139.02M

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$39.55

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$315.00M

Target EV/EBITDA multipleCurrent: -7.1×

Net Debt($B)Default: -$637.28M

Results

Implied Equity Value / share$40.63

Current Price$39.55

Upside / Downside+2.7%

Implied EV$2.25B

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