VTEX

VTEX — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($3.63)
DCF$92.35+2444.0%
Graham Number$1.46-59.8%
Reverse DCFimplied g: -17.4%
DDM
EV/EBITDA$6.46+78.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $34.51M
Rev: 10.5% / EPS: 54.2%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$92.35
Current Price$3.63
Upside / Downside+2444.0%
Net Debt (used)-$189.22M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term46.2%50.2%54.2%58.2%62.2%
7.0%$112.64$128.43$145.97$165.43$186.94
8.0%$88.20$100.46$114.08$129.19$145.88
9.0%$71.54$81.39$92.35$104.48$117.90
10.0%$59.52$67.65$76.67$86.67$97.72
11.0%$50.50$57.32$64.90$73.30$82.58

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.07
Yahoo: $1.35

Results

Graham Number$1.46
Current Price$3.63
Margin of Safety-59.8%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$3.63
Implied Near-term FCF Growth-17.4%
Historical Revenue Growth10.5%
Historical Earnings Growth54.2%
Base FCF (TTM)$34.51M
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: —

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$3.63
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $21.37M
Current: 20.5×
Default: -$189.22M

Results

Implied Equity Value / share$6.46
Current Price$3.63
Upside / Downside+78.1%
Implied EV$438.94M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$2.19B-$1.19B-$189.22M$810.78M$1.81B
16.5x$26.17$15.88$5.58$-4.71$-15.00
18.5x$26.61$16.32$6.02$-4.27$-14.56
20.5x$27.05$16.76$6.46$-3.83$-14.12
22.5x$27.49$17.20$6.90$-3.39$-13.68
24.5x$27.93$17.64$7.34$-2.95$-13.24