ACCS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.46)
DCF	$18.92	+153.6%
Graham Number	—	—
Reverse DCF	—	implied g: -10.7%
DDM	—	—
EV/EBITDA	$7.16	-4.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $4.19M

Near-term growth (yrs 1–5)(%)Rev: 1.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.55%

Computed WACC: 8.55%

Cost of equity (Re)8.83%(Rf 4.30% + β 0.82 × ERP 5.50%)

Cost of debt (Rd)7.95%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)88.98%

Debt weight (D/V)11.02%

Results

Intrinsic Value / share$20.35

Current Price$7.46

Upside / Downside+172.7%

Net Debt (used)$312,000

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$19.08	$22.96	$27.47	$32.68	$38.69
8.0%	$15.67	$18.79	$22.41	$26.60	$31.42
9.0%	$13.31	$15.91	$18.92	$22.40	$26.39
10.0%	$11.57	$13.79	$16.36	$19.31	$22.71
11.0%	$10.25	$12.17	$14.40	$16.96	$19.90

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-3.13

Book Value / share($)Yahoo: $7.96

Results

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

Graham Number—

Current Price$7.46

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.55%

Terminal growth rate(%)

Computed WACC: 8.55%

Cost of equity (Re)8.83%(Rf 4.30% + β 0.82 × ERP 5.50%)

Cost of debt (Rd)7.95%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)88.98%

Debt weight (D/V)11.02%

Results

Current Price$7.46

Implied Near-term FCF Growth-11.7%

Historical Revenue Growth1.5%

Historical Earnings Growth—

Base FCF (TTM)$4.19M

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$7.46

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.74M

Target EV/EBITDA multipleCurrent: 16.1×

Net Debt($B)Default: $312,000

Results

Implied Equity Value / share$7.16

Current Price$7.46

Upside / Downside-4.0%

Implied EV$28.01M

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

Mult \ Net Debt	-$2.00B	-$999.69M	$312,000	$1.00B	$2.00B
12.1x	$522.31	$263.84	$5.36	$-253.12	$-511.59
14.1x	$523.21	$264.74	$6.26	$-252.22	$-510.69
16.1x	$524.11	$265.64	$7.16	$-251.32	$-509.79
18.1x	$525.01	$266.54	$8.06	$-250.42	$-508.89
20.1x	$525.91	$267.44	$8.96	$-249.52	$-507.99

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