ABSI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.80)
DCF	$-3.48	-224.3%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$38.13M

Near-term growth (yrs 1–5)(%)Rev: -77.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 15.74%

Computed WACC: 15.74%

Cost of equity (Re)15.97%(Rf 4.30% + β 2.12 × 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)98.54%

Debt weight (D/V)1.46%

Results

Intrinsic Value / share$-1.19

Current Price$2.80

Upside / Downside-142.5%

Net Debt (used)-$146.26M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-3.52	$-4.43	$-5.48	$-6.71	$-8.11
8.0%	$-2.72	$-3.45	$-4.30	$-5.28	$-6.41
9.0%	$-2.17	$-2.77	$-3.48	$-4.29	$-5.23
10.0%	$-1.76	$-2.28	$-2.88	$-3.57	$-4.37
11.0%	$-1.45	$-1.90	$-2.42	$-3.02	$-3.71

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.91

Book Value / share($)Yahoo: $1.41

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$2.80

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 15.74%

Terminal growth rate(%)

Computed WACC: 15.74%

Cost of equity (Re)15.97%(Rf 4.30% + β 2.12 × 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)98.54%

Debt weight (D/V)1.46%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$2.80

Implied Near-term FCF Growth—

Historical Revenue Growth-77.8%

Historical Earnings Growth—

Base FCF (TTM)-$38.13M

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$2.80

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$105.50M

Target EV/EBITDA multipleCurrent: -2.6×

Net Debt($B)Default: -$146.26M

Results

Implied Equity Value / share$2.80

Current Price$2.80

Upside / Downside+0.0%

Implied EV$274.83M

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