VOD

VOD — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($15.18)
DCF$93.52+516.1%
Graham Number
Reverse DCFimplied g: -13.5%
DDM$10.92-28.1%
EV/EBITDA$162.35+969.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $12.79B
Rev: 7.3% / EPS: -15.4%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$93.34
Current Price$15.18
Upside / Downside+514.9%
Net Debt (used)$40.38B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-0.7%3.3%7.3%11.3%15.3%
7.0%$95.72$118.27$144.42$174.61$209.30
8.0%$75.16$93.25$114.22$138.39$166.13
9.0%$60.93$75.96$93.34$113.36$136.31
10.0%$50.50$63.29$78.06$95.05$114.51
11.0%$42.53$53.61$66.40$81.08$97.89

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-1.93
Yahoo: $2.53

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$15.18
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$15.18
Implied Near-term FCF Growth-13.5%
Historical Revenue Growth7.3%
Historical Earnings Growth-15.4%
Base FCF (TTM)$12.79B
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

Yahoo: $0.53

Results

DDM Intrinsic Value / share$10.92
Current Price$15.18
Upside / Downside-28.1%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $8.49B
Current: 49.0×
Default: $40.38B

Results

Implied Equity Value / share$162.35
Current Price$15.18
Upside / Downside+969.5%
Implied EV$416.21B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$20.38B$30.38B$40.38B$50.38B$60.38B
45.0x$156.31$151.99$147.68$143.36$139.04
47.0x$163.65$159.33$155.01$150.69$146.37
49.0x$170.99$166.67$162.35$158.03$153.71
51.0x$178.33$174.01$169.69$165.37$161.05
53.0x$185.67$181.35$177.03$172.71$168.39