WDS

WDS — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($21.41)
DCF$-7.00-132.7%
Graham Number$24.57+14.7%
Reverse DCF
DDM$23.07+7.8%
EV/EBITDA$23.48+9.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$314.38M
Rev: -11.1% / EPS: -14.4%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-7.00
Current Price$21.41
Upside / Downside-132.7%
Net Debt (used)$7.78B
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$-7.02$-7.61$-8.30$-9.10$-10.02
8.0%$-6.50$-6.98$-7.53$-8.17$-8.91
9.0%$-6.14$-6.54$-7.00$-7.53$-8.14
10.0%$-5.87$-6.21$-6.60$-7.06$-7.58
11.0%$-5.67$-5.97$-6.31$-6.70$-7.15

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.42
Yahoo: $18.89

Results

Graham Number$24.57
Current Price$21.41
Margin of Safety+14.7%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$21.41
Implied Near-term FCF Growth
Historical Revenue Growth-11.1%
Historical Earnings Growth-14.4%
Base FCF (TTM)-$314.38M
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: $1.12

Results

DDM Intrinsic Value / share$23.07
Current Price$21.41
Upside / Downside+7.8%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $7.85B
Current: 6.7×
Default: $7.78B

Results

Implied Equity Value / share$23.48
Current Price$21.41
Upside / Downside+9.7%
Implied EV$52.41B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt$3.78B$5.78B$7.78B$9.78B$11.78B
2.7x$9.06$8.01$6.96$5.90$4.85
4.7x$17.32$16.27$15.22$14.16$13.11
6.7x$25.58$24.53$23.48$22.42$21.37
8.7x$33.84$32.79$31.74$30.68$29.63
10.7x$42.10$41.05$40.00$38.95$37.89