WLY — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($30.64)
DCF	$89.17	+191.0%
Graham Number	$24.31	-20.7%
Reverse DCF	—	implied g: 0.5%
DDM	$29.25	-4.5%
EV/EBITDA	$37.23	+21.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $166.83M

Near-term growth (yrs 1–5)(%)Rev: -1.1% / EPS: 13.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.98%

Computed WACC: 5.98%

Cost of equity (Re)9.57%(Rf 4.30% + β 0.96 × 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)62.48%

Debt weight (D/V)37.52%

Results

Intrinsic Value / share$194.72

Current Price$30.64

Upside / Downside+535.5%

Net Debt (used)$899.39M

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

WACC \ Near-term	5.5%	9.5%	13.5%	17.5%	21.5%
7.0%	$95.48	$117.64	$143.16	$172.43	$205.85
8.0%	$73.33	$90.99	$111.31	$134.59	$161.14
9.0%	$58.06	$72.62	$89.36	$108.52	$130.36
10.0%	$46.91	$59.21	$73.35	$89.51	$107.92
11.0%	$38.42	$49.02	$61.17	$75.06	$90.87

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.87

Book Value / share($)Yahoo: $14.05

Results

Graham Number$24.31

Current Price$30.64

Margin of Safety-20.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.98%

Terminal growth rate(%)

Computed WACC: 5.98%

Cost of equity (Re)9.57%(Rf 4.30% + β 0.96 × 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)62.48%

Debt weight (D/V)37.52%

Results

Current Price$30.64

Implied Near-term FCF Growth-8.7%

Historical Revenue Growth-1.1%

Historical Earnings Growth13.5%

Base FCF (TTM)$166.83M

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: $1.42

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$29.25

Current Price$30.64

Upside / Downside-4.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $314.45M

Target EV/EBITDA multipleCurrent: 8.0×

Net Debt($B)Default: $899.39M

Results

Implied Equity Value / share$37.23

Current Price$30.64

Upside / Downside+21.5%

Implied EV$2.53B

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

Mult \ Net Debt	-$1.10B	-$100.61M	$899.39M	$1.90B	$2.90B
4.0x	$54.18	$31.34	$8.51	$-14.33	$-37.16
6.0x	$68.54	$45.70	$22.87	$0.03	$-22.80
8.0x	$82.90	$60.06	$37.23	$14.39	$-8.44
10.0x	$97.26	$74.42	$51.59	$28.75	$5.92
12.0x	$111.62	$88.79	$65.95	$43.12	$20.28

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