What a company is worth on its own numbers — priced by four different methods, on one axis, against today’s price.
A single discounted cash flow is easy to build and easy to fool: almost all of its value usually sits in a terminal figure that turns on a growth rate a fraction below the discount rate, and nothing on the screen tells you that. Running the same company through four unrelated methods does — when three of them cluster, the number means something; when they scatter, you have learned something more useful than a number.
Claims a company is worth the cash its operations are expected to throw off over the next five years, plus what the business is worth after them, discounted back to today.
Five years of unlevered free cash flow discounted at the WACC, plus a terminal value, less net debt, over the shares outstanding.
The most detailed of the four and the most sensitive to its own assumptions. Almost all of the value usually sits in the terminal figure, which is a judgement about a year nobody can see, and it describes a bank or an insurer badly — debt is their raw material rather than their financing.
Claims a company is worth its earnings times a multiple that rises with the growth expected of them — the arithmetic Graham published for valuing a growth stock.
V = EPS × (8.5 + 2g), optionally multiplied by 4.4 / Y, where g and Y are in percent.
One line of arithmetic on two figures, which is its strength and its limit. It needs positive earnings, it says nothing about debt or cash flow, and growth much above 15% a year stretches it past what it was built for.
Claims a company is worth today's free cash flow per share growing at one steady rate and discounted back, year after year.
PV = Σ CF · (1 + g)^t / (1 + k)^t, summed over t = 1 … n.
Two assumptions and no forecast — which makes it easy to argue with, and blind to everything the business might do differently next year. The growth rate has to stay below the discount rate, or the sum has no value to converge on.
Claims a share is worth the dividends it is expected to pay, growing at one steady rate and discounted back — what the company keeps does not count.
PV = Σ D · (1 + g)^t / (1 + k)^t, summed over t = 1 … n.
The strictest of the four, and the only one that values what actually reaches a shareholder — which is also what it is blind to: cash returned by buying shares back counts for nothing here, and neither does a pound retained and reinvested. It has nothing to say about a company that pays no dividend, and a yield under 1% puts one outside what this method is offered for at all.
Put a defensible number on a company before you buy — and see it four different ways, so no single model has to carry the answer alone.
Anchor a thesis to intrinsic value and a margin of safety, with the arithmetic in plain sight rather than behind a rating.
Keep the rigour without the brittle formulas, the broken links and the assumptions buried three tabs away.
Search any company listed on NASDAQ or NYSE, or start from the library — the ones trading under what their own numbers imply, the largest on the market, or twenty-five-year dividend raisers.
One horizontal bar per method on one axis, today’s price drawn as a single vertical line through every row. Where they agree and where they do not is the first thing you see.
A method that does not describe this business leaves the chart and is listed underneath with the reason — a bank for the cash-flow models, a company with no dividend for the dividend one.
Open a method and every input behind it is a box you can change, each one starting from something the company has actually delivered. The figure re-runs a moment after you stop typing.
The whole screen lives in the address, so a link sends your numbers rather than the defaults — or write the valuation straight onto a watchlist and let it watch the price against it.
Four methods answer one question by four routes — a five-year cash flow build, Graham’s formula on earnings, and a growing series on free cash flow and on the dividend. Every assumption starts from the company’s own filings: a margin is the median of its last three annual reports, a growth rate is the longest run of its own history we hold, a beta is the one measured on its shares. Each value is then set against today’s price — ten per cent or more above it is undervalued, ten per cent or more below it overvalued, and anything between them fairly valued.
There is deliberately no blended figure here, and no average of the four. The Fair Value tab blends, and it blends one kind of thing — seven multiples of this company against its own history; these four are four different questions, and a mean of them would be a number with nothing behind it. Which methods fit this company at all is stated instead, with the reason beside each one that does not.
None of this says where the share price goes. A value is what a method implies the business is worth on the assumptions in front of you, and a share can trade above or below that for years without either of them being wrong. None of it is a recommendation, a target or a forecast of a price.
And a model is worth exactly what is fed into it. Almost all of an Advanced DCF usually sits in the terminal value, a perpetuity turns on a growth rate a fraction below the discount rate, and Graham’s formula amplifies whatever growth it is handed. That is the argument for editing every assumption yourself rather than reading the headline figure — the boxes are open for exactly that, and nothing you type is sent anywhere but back to the calculation.
The full walkthrough is in the help centre: how to value a company.
An intrinsic value calculator estimates what a business is worth on its own numbers — its earnings, its cash flow, its dividend — rather than on what the market currently pays for it. Ours runs four separate methods on every company and shows them side by side against today’s price.
Advanced DCF (five years of unlevered free cash flow discounted at the WACC, plus a terminal value), the Ben Graham formula, a Simple DCF on free cash flow per share, and the Dividend Discount Model. Each is computed from the company’s own filings and each has a page where every assumption is editable.
Because every one of them is a lens with a blind spot. Graham says nothing about debt or cash flow; the dividend model has nothing to say about a company that pays none; a DCF puts most of its value in a terminal figure nobody can see. Showing four claims side by side, with the reason beside any that does not fit, is more honest than averaging them into one.
Deliberately not. These are four different questions, so a mean of them would be a number with nothing behind it. What the screen states instead is which methods fit this company, and the reason beside each one that does not.
Intrinsic Value is part of Ultimate, and a free account includes a seven-day trial of it — the screener comes with the same plan and the same week. What stays free with no card is a portfolio, a watchlist, the Quality Score and the company pages.
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