XYZ — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($64.45)
DCF	$-36.40	-156.5%
Graham Number	$64.22	-0.4%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$69.62	+8.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$1.03B

Near-term growth (yrs 1–5)(%)Rev: 3.6% / EPS: -93.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.87%

Computed WACC: 15.87%

Cost of equity (Re)18.97%(Rf 4.30% + β 2.67 × ERP 5.50%)

Cost of debt (Rd)2.86%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)81.42%

Debt weight (D/V)18.58%

Results

Intrinsic Value / share$-19.18

Current Price$64.45

Upside / Downside-129.8%

Net Debt (used)$1.77B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-36.68	$-43.44	$-51.31	$-60.42	$-70.90
8.0%	$-30.73	$-36.17	$-42.50	$-49.80	$-58.21
9.0%	$-26.61	$-31.14	$-36.40	$-42.46	$-49.44
10.0%	$-23.58	$-27.45	$-31.92	$-37.09	$-43.01
11.0%	$-21.26	$-24.62	$-28.51	$-32.98	$-38.11

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $4.97

Book Value / share($)Yahoo: $36.88

Results

Graham Number$64.22

Current Price$64.45

Margin of Safety-0.4%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.87%

Terminal growth rate(%)

Computed WACC: 15.87%

Cost of equity (Re)18.97%(Rf 4.30% + β 2.67 × ERP 5.50%)

Cost of debt (Rd)2.86%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)81.42%

Debt weight (D/V)18.58%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$64.45

Implied Near-term FCF Growth—

Historical Revenue Growth3.6%

Historical Earnings Growth-93.9%

Base FCF (TTM)-$1.03B

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$64.45

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $2.07B

Target EV/EBITDA multipleCurrent: 19.3×

Net Debt($B)Default: $1.77B

Results

Implied Equity Value / share$69.62

Current Price$64.45

Upside / Downside+8.0%

Implied EV$39.90B

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

Mult \ Net Debt	$1.77B	$1.77B	$1.77B	$1.77B	$1.77B
15.3x	$54.50	$54.50	$54.50	$54.50	$54.50
17.3x	$62.06	$62.06	$62.06	$62.06	$62.06
19.3x	$69.62	$69.62	$69.62	$69.62	$69.62
21.3x	$77.18	$77.18	$77.18	$77.18	$77.18
23.3x	$84.74	$84.74	$84.74	$84.74	$84.74

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