ACDC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.17)
DCF	$6.39	+23.5%
Graham Number	—	—
Reverse DCF	—	implied g: 3.3%
DDM	—	—
EV/EBITDA	$6.05	+17.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $131.28M

Near-term growth (yrs 1–5)(%)Rev: -29.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.47%

Computed WACC: 13.47%

Cost of equity (Re)13.64%(Rf 4.30% + β 1.70 × ERP 5.50%)

Cost of debt (Rd)16.89%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)43.64%

Debt weight (D/V)56.36%

Results

Intrinsic Value / share$1.14

Current Price$5.17

Upside / Downside-78.0%

Net Debt (used)$1.15B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$6.50	$9.10	$12.12	$15.62	$19.65
8.0%	$4.21	$6.30	$8.73	$11.54	$14.77
9.0%	$2.62	$4.37	$6.39	$8.72	$11.40
10.0%	$1.46	$2.95	$4.67	$6.65	$8.93
11.0%	$0.57	$1.86	$3.35	$5.07	$7.04

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.08

Book Value / share($)Yahoo: $4.77

Results

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

Graham Number—

Current Price$5.17

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.47%

Terminal growth rate(%)

Computed WACC: 13.47%

Cost of equity (Re)13.64%(Rf 4.30% + β 1.70 × ERP 5.50%)

Cost of debt (Rd)16.89%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)43.64%

Debt weight (D/V)56.36%

Results

Current Price$5.17

Implied Near-term FCF Growth13.3%

Historical Revenue Growth-29.9%

Historical Earnings Growth—

Base FCF (TTM)$131.28M

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$5.17

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $287.10M

Target EV/EBITDA multipleCurrent: 7.8×

Net Debt($B)Default: $1.15B

Results

Implied Equity Value / share$6.05

Current Price$5.17

Upside / Downside+17.0%

Implied EV$2.24B

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

Mult \ Net Debt	$1.15B	$1.15B	$1.15B	$1.15B	$1.15B
3.8x	$-0.30	$-0.30	$-0.30	$-0.30	$-0.30
5.8x	$2.88	$2.88	$2.88	$2.88	$2.88
7.8x	$6.05	$6.05	$6.05	$6.05	$6.05
9.8x	$9.23	$9.23	$9.23	$9.23	$9.23
11.8x	$12.40	$12.40	$12.40	$12.40	$12.40

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