WK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($61.28)
DCF	$106.78	+74.3%
Graham Number	—	—
Reverse DCF	—	implied g: 9.6%
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $137.75M

Near-term growth (yrs 1–5)(%)Rev: 19.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.79%

Computed WACC: 6.79%

Cost of equity (Re)8.07%(Rf 4.30% + β 0.69 × ERP 5.50%)

Cost of debt (Rd)1.51%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)81.37%

Debt weight (D/V)18.63%

Results

Intrinsic Value / share$169.51

Current Price$61.28

Upside / Downside+176.6%

Net Debt (used)-$94.27M

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

WACC \ Near-term	11.5%	15.5%	19.5%	23.5%	27.5%
7.0%	$116.05	$136.95	$160.88	$188.14	$219.10
8.0%	$93.42	$109.98	$128.93	$150.50	$174.98
9.0%	$77.86	$91.44	$106.96	$124.63	$144.66
10.0%	$66.53	$77.95	$90.98	$105.81	$122.62
11.0%	$57.93	$67.71	$78.87	$91.55	$105.91

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.47

Book Value / share($)Yahoo: $-0.10

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative. BVPS is zero or negative.

Graham Number—

Current Price$61.28

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.79%

Terminal growth rate(%)

Computed WACC: 6.79%

Cost of equity (Re)8.07%(Rf 4.30% + β 0.69 × ERP 5.50%)

Cost of debt (Rd)1.51%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)81.37%

Debt weight (D/V)18.63%

Results

Current Price$61.28

Implied Near-term FCF Growth2.6%

Historical Revenue Growth19.5%

Historical Earnings Growth—

Base FCF (TTM)$137.75M

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: —

Dividend growth rate (g)(%)

Required return (r)(%)

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$61.28

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$31.45M

Target EV/EBITDA multipleCurrent: -107.7×

Net Debt($B)Default: -$94.27M

Results

Implied Equity Value / share$65.43

Current Price$61.28

Upside / Downside+6.8%

Implied EV$3.39B

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