ACMR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($57.11)
DCF	$14.39	-74.8%
Graham Number	$29.50	-48.3%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$69.90	+22.4%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 9.4% / EPS: -75.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.91%

Computed WACC: 11.91%

Cost of equity (Re)12.87%(Rf 4.30% + β 1.56 × 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)92.56%

Debt weight (D/V)7.44%

Results

Intrinsic Value / share$14.39

Current Price$57.11

Upside / Downside-74.8%

Net Debt (used)-$861.58M

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

WACC \ Near-term	1.4%	5.4%	9.4%	13.4%	17.4%
7.0%	$14.39	$14.39	$14.39	$14.39	$14.39
8.0%	$14.39	$14.39	$14.39	$14.39	$14.39
9.0%	$14.39	$14.39	$14.39	$14.39	$14.39
10.0%	$14.39	$14.39	$14.39	$14.39	$14.39
11.0%	$14.39	$14.39	$14.39	$14.39	$14.39

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.72

Book Value / share($)Yahoo: $22.49

Results

Graham Number$29.50

Current Price$57.11

Margin of Safety-48.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.91%

Terminal growth rate(%)

Computed WACC: 11.91%

Cost of equity (Re)12.87%(Rf 4.30% + β 1.56 × 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)92.56%

Debt weight (D/V)7.44%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$57.11

Implied Near-term FCF Growth—

Historical Revenue Growth9.4%

Historical Earnings Growth-75.9%

Base FCF (TTM)—

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$57.11

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $123.38M

Target EV/EBITDA multipleCurrent: 26.9×

Net Debt($B)Default: -$861.58M

Results

Implied Equity Value / share$69.90

Current Price$57.11

Upside / Downside+22.4%

Implied EV$3.32B

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

Mult \ Net Debt	-$2.86B	-$1.86B	-$861.58M	$138.42M	$1.14B
22.9x	$95.07	$78.36	$61.66	$44.95	$28.24
24.9x	$99.19	$82.49	$65.78	$49.07	$32.37
26.9x	$103.32	$86.61	$69.90	$53.19	$36.49
28.9x	$107.44	$90.73	$74.02	$57.32	$40.61
30.9x	$111.56	$94.85	$78.15	$61.44	$44.73

← Overview Financial Statements ← Companies