Overview
Discounted cash flow
Income / accounting-based
Multiples & assets
Scenario
Toolbox
Weighted blend
$25.34
-6.20% vs spot
Underweight
Spot price
$27.01
Mkt cap $67.72B
subtle cardAnalyst PT consensus
$29.94
+10.85% vs spot
subtle cardMethods covered
16 / 17
9 in blend
subtle cardFootball field
WBD · fair-value range by method
Method comparison
WBD · fair value by valuation framework
| Method | Category | Fair value | Range | vs spot | Weight | Driver | Conf. |
|---|---|---|---|---|---|---|---|
| DCF · FCFF | dcf | $46.34 | $45.11 – $164.45 | +71.57% | 27.2% | WACC 7.8%, g₀=-5.0%, gₗ=6.4% | high |
| DCF · FCFE | dcf | $10.02 | $13.63 – $14.11 | -62.92% | 22.2% | kₑ 11.5%, g₀=-5.0%, gₗ=6.4% | high |
| Residual income | income | $11.91 | $10.48 – $13.34 | -55.92% | 14.8% | BV 14.85, ROE 2.0% → kₑ | high |
| EVA / MVA | income | -$91.18 | -$80.24 – -$102.13 | -437.60% | — | IC 65.2B, WACC 7.8% | high |
| Justified P/E | multiple | $0.00 | $0.00 – $0.00 | -100.00% | — | Fair P/E 0.0 (payout 0%, kₑ 11.5%, g -5.0%) | low |
| P/E · sector | multiple | $6.38 | $5.61 – $7.15 | -76.38% | 12.3% | EPS 0.29 × peer P/E 22.0 | med |
| Justified P/B | multiple | $6.27 | $5.33 – $7.21 | -76.80% | — | Fair P/B 0.42 · ROE 2.0%, kₑ 11.5% | high |
| P/S · sector | multiple | $59.60 | $50.66 – $68.54 | +120.66% | — | Rev/sh 14.90 × peer P/S 4.00 | med |
| EV / EBITDA | multiple | $41.48 | $36.50 – $46.46 | +53.57% | 12.3% | EBITDA × peer 14.0× − ND 28.0B | high |
| EV / EBIT | multiple | -$2.40 | -$2.04 – -$2.76 | -108.89% | — | EBIT × peer 16.8× − ND | med |
| EV / Sales | multiple | $39.47 | $33.55 – $45.39 | +46.15% | 6.2% | Sales × peer 3.40× − ND | med |
| Earnings power | intrinsic | -$7.48 | -$6.59 – -$8.38 | -127.71% | — | NOPAT / WACC, no growth | med |
| Graham revised | intrinsic | $2.43 | $2.07 – $2.80 | -91.00% | 1.2% | EPS×(8.5+2g)·4.4/Y | low |
| Lynch P/E=g | intrinsic | $1.45 | $1.23 – $1.67 | -94.63% | 1.2% | PE = g (-5.0) | low |
| Book NAV | asset | $14.85 | $14.11 – $15.59 | -45.03% | 2.5% | (Assets − Liabilities) / Shares | high |
| Liquidation | asset | $3.40 | $2.89 – $3.91 | -87.41% | — | Cash 100% + non-cash 70% − Liab. | low |
| Reverse DCF | reverse | — | — | — | — | Implied g -13.2% · Pessimistic — market pricing decline | high |
Cost-of-capital build-up
CAPM cost of equity, after-tax cost of debt, WACC. Risk-free as of 2026-05-12.
| Risk-free rate (US 10y Treasury)rf | 4.46% |
| Equity beta (1.57)β | × 1.57 |
| Equity risk premiumERP | 4.46% |
| Cost of equity (CAPM)kₑ | 11.48% |
| Pre-tax cost of debtkd | 6.43% |
| Effective tax ratet | 45.0% |
| After-tax cost of debt | 3.53% |
| Equity weight$37.2B | 53.3% |
| Debt weight$32.6B | 46.7% |
| WACC | 7.77% |
Growth assumptions
Blended forward growth used as DCF default; terminal pegged to long-run nominal GDP.
| Analyst forward revenue growthFMP | -0.87% |
| Analyst forward EPS growthFMP | -500.54% |
| Historical 5y revenue CAGRFY | 32.25% |
| Historical 5y EPS CAGRFY | -81.17% |
| Sustainable g (ROE × retention)Δ | 1.96% |
| Blended near-term growth (g₀) | -5.00% |
| Terminal growth (gₗ) | 6.44% |
Sources
- FMP /analyst-estimates— 8 rows(as of 2023-12-31)
- Treasury rates · 10y— 4.46% rf(as of 2026-05-12)
- market_risk_premium · DB— 4.46% ERP(as of 2026-05-13)
- Sector multiple defaults— Communication Services (live sector PE unavailable)
- FMP /price-target-consensus— mean $29.94
This page is generated by a quantitative valuation engine for research purposes only and does not constitute investment advice. Methodology follows standard CFA / Damodaran frameworks; assumptions are driven by analyst consensus from Financial Modeling Prep and reported financial statements.