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A valuation is an assessment of the value of one share in a company, it is not necessarily the same as the price listed in the sharemarket. You can use a variety of methods to value a company, Valuecruncher uses Discounted Cash Flow (DCF) analysis to help people create the valuations you see below.
Valuecruncher Valuation
26.4%
from latest share price
Your Last Valuation
| Valuation | Compared to price | Member |
 Created
|
Views |
|---|---|---|---|---|
| $16.52 |
26.4%
|
Valuecruncher | 09 Jan 2009 | 0 |
| $11.35 |
7.28%
|
GordonGekko | 27 Nov 2008 | 18 |
| $17.62 |
36.59%
|
TheCrunchBlog | 21 Oct 2008 | 52 |
| $15.43 |
21.98%
|
GordonGekko | 16 Oct 2008 | 23 |
| $14.80 |
 -3.33%
|
GordonGekko | 07 Oct 2008 | 24 |
| $19.84 |
-7.29%
|
KiwiEMH | 23 Jul 2008 | 45 |
| $22.19 |
2.4%
|
GordonGekko | 22 Jul 2008 | 41 |
| $20.07 |
-25.67%
|
GordonGekko | 12 Jun 2008 | 49 |
| $17.91 |
-33.67%
|
TheCrunchBlog | 28 May 2008 | 103 |
| $23.44 |
-13.19%
|
TheCrunchBlog | 28 May 2008 | 115 |
| $20.07 |
-27.6%
|
TheCrunchBlog | 28 May 2008 | 215 |
| $21.80 |
-18.66%
|
GordonGekko | 14 May 2008 | 51 |
Recent Comments
Company Details
| Updated: | 20 minutes ago |
| Ticker: | YHOO |
| Market: | NASD |
This valuation is part of this blog post:
http://blog.valuecruncher.com/2008/10/running-the-numbers-yahoo-yhoo-trading-below-intrinsic-value/
Assumptions
Revenue: Reuters aggregates 25 analysts covering $YHOO and these analysts have mean estimates of 2008 and 2009 revenues of US$5.69 and US$6.42 billion respectively. For our analysis we have used US$5.50 billion in 2008, US$6.15 billion in 2009 and US$6.75 billion in 2010.
Profitability: We have used an EBITDA margin of 33% flat to 2010.
Capital Expenditure: We have assumed capital expenditures of US$700 million in 2008, US$800 million in 2009 and 2010 and then US$750 million beyond that.
Discount Rate: 11.0%.
Terminal Growth Rate: 4.5%.
Our analysis incorporates the cash the $YHOO balance sheet – Valuecruncher calculates a net debt number.
This valuation is part of this blog post:
http://blog.valuecruncher.com/2008/05/four-futures-of-yahoo/
Keeping the assumptions from the Yahoo standalone scenario intact but dropping the growth from 12% (in the Yahoo standalone scenario) in 2011 to 10% and falling to 3% in 2015 (using the same present value calculation) gives a terminal growth of 5%.
This valuation is part of this blog post:
http://blog.valuecruncher.com/2008/05/four-futures-of-yahoo/
We agree with Henry Blodget – a deal with Google on search is not US$1 billion of free cash flow to Yahoo. It is more likely to be in the hundreds of millions of dollars range. For simplicity we have assumed that a search deal with Yahoo adds US$1 billion to the top-line revenues. We have kept all our other assumptions from the Yahoo standalone scenario intact.
This valuation forms part of this blog post:
http://blog.valuecruncher.com/2008/05/four-futures-of-yahoo/
Assumptions are revenues of US$5.75 billion in 2008 growing to US$7.25 billion in 2010. We have used a flat EBITDA margin of 35%. We have used a terminal growth rate of 5.75%. We calculated that using a present value calculation with the growth rate dropping from 12% in 2011 to 3.5% in 2015. We used a terminal capital expenditure number of US$600 billion. We have used a WACC (discount rate) of 10.5%.