VLTO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($96.80)
DCF	$84.32	-12.9%
Graham Number	$32.52	-66.4%
Reverse DCF	—	implied g: 14.5%
DDM	$10.71	-88.9%
EV/EBITDA	$97.25	+0.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $815.37M

Near-term growth (yrs 1–5)(%)Rev: 3.8% / EPS: 12.2%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.30%

Computed WACC: 9.30%

Cost of equity (Re)10.41%(Rf 4.30% + β 1.11 × 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)89.30%

Debt weight (D/V)10.70%

Results

Intrinsic Value / share$80.13

Current Price$96.80

Upside / Downside-17.2%

Net Debt (used)$848.00M

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

WACC \ Near-term	4.2%	8.2%	12.2%	16.2%	20.2%
7.0%	$88.58	$106.31	$126.76	$150.25	$177.10
8.0%	$71.19	$85.34	$101.64	$120.34	$141.71
9.0%	$59.19	$70.87	$84.32	$99.73	$117.32
10.0%	$50.41	$60.30	$71.67	$84.69	$99.54
11.0%	$43.73	$52.26	$62.05	$73.25	$86.01

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.76

Book Value / share($)Yahoo: $12.50

Results

Graham Number$32.52

Current Price$96.80

Margin of Safety-66.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.30%

Terminal growth rate(%)

Computed WACC: 9.30%

Cost of equity (Re)10.41%(Rf 4.30% + β 1.11 × 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)89.30%

Debt weight (D/V)10.70%

Results

Current Price$96.80

Implied Near-term FCF Growth15.4%

Historical Revenue Growth3.8%

Historical Earnings Growth12.2%

Base FCF (TTM)$815.37M

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: $0.52

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$10.71

Current Price$96.80

Upside / Downside-88.9%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.36B

Target EV/EBITDA multipleCurrent: 18.4×

Net Debt($B)Default: $848.00M

Results

Implied Equity Value / share$97.25

Current Price$96.80

Upside / Downside+0.5%

Implied EV$25.00B

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

Mult \ Net Debt	-$1.15B	-$152.00M	$848.00M	$1.85B	$2.85B
14.4x	$83.45	$79.42	$75.39	$71.37	$67.34
16.4x	$94.38	$90.35	$86.32	$82.30	$78.27
18.4x	$105.31	$101.28	$97.25	$93.23	$89.20
20.4x	$116.24	$112.21	$108.18	$104.16	$100.13
22.4x	$127.17	$123.14	$119.12	$115.09	$111.06

← Overview Financial Statements ← Companies