VRT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($254.89)
DCF	$216880.47	+84987.9%
Graham Number	$28.16	-89.0%
Reverse DCF	—	implied g: 29.1%
DDM	$5.15	-98.0%
EV/EBITDA	$254.89	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $1.43B

Near-term growth (yrs 1–5)(%)Rev: 22.7% / EPS: 199.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.36%

Computed WACC: 15.36%

Cost of equity (Re)15.79%(Rf 4.30% + β 2.09 × ERP 5.50%)

Cost of debt (Rd)2.95%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)96.80%

Debt weight (D/V)3.20%

Results

Intrinsic Value / share$70631.10

Current Price$254.89

Upside / Downside+27610.4%

Net Debt (used)$1.38B

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

WACC \ Near-term	191.5%	195.5%	199.5%	203.5%	207.5%
7.0%	$316870.50	$339209.42	$362790.91	$387666.09	$413887.49
8.0%	$240960.83	$257946.82	$275877.57	$294791.96	$314729.90
9.0%	$189663.90	$203032.65	$217144.90	$232031.27	$247723.16
10.0%	$153036.12	$163822.07	$175207.84	$187218.12	$199878.25
11.0%	$125821.86	$134688.84	$144048.89	$153922.29	$164329.89

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.42

Book Value / share($)Yahoo: $10.30

Results

Graham Number$28.16

Current Price$254.89

Margin of Safety-89.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.36%

Terminal growth rate(%)

Computed WACC: 15.36%

Cost of equity (Re)15.79%(Rf 4.30% + β 2.09 × ERP 5.50%)

Cost of debt (Rd)2.95%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)96.80%

Debt weight (D/V)3.20%

Results

Current Price$254.89

Implied Near-term FCF Growth47.0%

Historical Revenue Growth22.7%

Historical Earnings Growth199.5%

Base FCF (TTM)$1.43B

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: $0.25

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$5.15

Current Price$254.89

Upside / Downside-98.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.21B

Target EV/EBITDA multipleCurrent: 44.8×

Net Debt($B)Default: $1.38B

Results

Implied Equity Value / share$254.89

Current Price$254.89

Upside / Downside-0.0%

Implied EV$98.90B

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

Mult \ Net Debt	$1.38B	$1.38B	$1.38B	$1.38B	$1.38B
40.8x	$231.81	$231.81	$231.81	$231.81	$231.81
42.8x	$243.35	$243.35	$243.35	$243.35	$243.35
44.8x	$254.89	$254.89	$254.89	$254.89	$254.89
46.8x	$266.43	$266.43	$266.43	$266.43	$266.43
48.8x	$277.97	$277.97	$277.97	$277.97	$277.97

← Overview Financial Statements ← Companies