ACEL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($11.08)
DCF	$13565.98	+122336.7%
Graham Number	$5.99	-45.9%
Reverse DCF	—	implied g: 10.3%
DDM	—	—
EV/EBITDA	$11.13	+0.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $51.60M

Near-term growth (yrs 1–5)(%)Rev: 9.1% / EPS: 167.3%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.19%

Computed WACC: 6.19%

Cost of equity (Re)10.18%(Rf 4.30% + β 1.07 × 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)60.78%

Debt weight (D/V)39.22%

Results

Intrinsic Value / share$29223.45

Current Price$11.08

Upside / Downside+263649.5%

Net Debt (used)$310.56M

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

WACC \ Near-term	159.3%	163.3%	167.3%	171.3%	175.3%
7.0%	$19419.92	$20964.11	$22605.00	$24347.07	$26194.91
8.0%	$14796.93	$15973.39	$17223.53	$18550.73	$19958.51
9.0%	$11670.22	$12597.99	$13583.85	$14630.47	$15740.64
10.0%	$9435.55	$10185.59	$10982.57	$11828.67	$12726.13
11.0%	$7773.53	$8391.37	$9047.89	$9744.86	$10484.13

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.50

Book Value / share($)Yahoo: $3.19

Results

Graham Number$5.99

Current Price$11.08

Margin of Safety-45.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.19%

Terminal growth rate(%)

Computed WACC: 6.19%

Cost of equity (Re)10.18%(Rf 4.30% + β 1.07 × 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)60.78%

Debt weight (D/V)39.22%

Results

Current Price$11.08

Implied Near-term FCF Growth0.9%

Historical Revenue Growth9.1%

Historical Earnings Growth167.3%

Base FCF (TTM)$51.60M

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$11.08

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $178.12M

Target EV/EBITDA multipleCurrent: 6.9×

Net Debt($B)Default: $310.56M

Results

Implied Equity Value / share$11.13

Current Price$11.08

Upside / Downside+0.5%

Implied EV$1.24B

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

Mult \ Net Debt	-$1.69B	-$689.44M	$310.56M	$1.31B	$2.31B
2.9x	$26.60	$14.59	$2.57	$-9.45	$-21.47
4.9x	$30.89	$18.87	$6.85	$-5.17	$-17.19
6.9x	$35.17	$23.15	$11.13	$-0.89	$-12.91
8.9x	$39.45	$27.43	$15.41	$3.39	$-8.62
10.9x	$43.73	$31.71	$19.69	$7.68	$-4.34

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