WAL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($81.44)
DCF	$-22.10	-127.1%
Graham Number	$115.62	+42.0%
Reverse DCF	—	—
DDM	$34.61	-57.5%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 16.6% / EPS: 32.8%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.78%

Computed WACC: 6.78%

Cost of equity (Re)11.69%(Rf 4.30% + β 1.34 × 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)57.95%

Debt weight (D/V)42.05%

Results

Intrinsic Value / share$-22.10

Current Price$81.44

Upside / Downside-127.1%

Net Debt (used)$2.42B

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

WACC \ Near-term	24.8%	28.8%	32.8%	36.8%	40.8%
7.0%	$-22.10	$-22.10	$-22.10	$-22.10	$-22.10
8.0%	$-22.10	$-22.10	$-22.10	$-22.10	$-22.10
9.0%	$-22.10	$-22.10	$-22.10	$-22.10	$-22.10
10.0%	$-22.10	$-22.10	$-22.10	$-22.10	$-22.10
11.0%	$-22.10	$-22.10	$-22.10	$-22.10	$-22.10

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $8.73

Book Value / share($)Yahoo: $68.06

Results

Graham Number$115.62

Current Price$81.44

Margin of Safety+42.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.78%

Terminal growth rate(%)

Computed WACC: 6.78%

Cost of equity (Re)11.69%(Rf 4.30% + β 1.34 × 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)57.95%

Debt weight (D/V)42.05%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$81.44

Implied Near-term FCF Growth—

Historical Revenue Growth16.6%

Historical Earnings Growth32.8%

Base FCF (TTM)—

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: $1.68

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$34.61

Current Price$81.44

Upside / Downside-57.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $2.42B

Results

Implied Equity Value / share$-22.10

Current Price$81.44

Upside / Downside-127.1%

Implied EV$0

← Overview Financial Statements ← Companies