ACRS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.05)
DCF	$-4.15	-235.9%
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: -$30.63M

Near-term growth (yrs 1–5)(%)Rev: -85.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.02%

Computed WACC: 9.02%

Cost of equity (Re)9.07%(Rf 4.30% + β 0.87 × 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)99.36%

Debt weight (D/V)0.64%

Results

Intrinsic Value / share$-4.13

Current Price$3.05

Upside / Downside-235.4%

Net Debt (used)-$88.64M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-4.19	$-5.20	$-6.38	$-7.74	$-9.31
8.0%	$-3.30	$-4.11	$-5.06	$-6.15	$-7.41
9.0%	$-2.68	$-3.36	$-4.15	$-5.05	$-6.10
10.0%	$-2.23	$-2.81	$-3.48	$-4.25	$-5.14
11.0%	$-1.88	$-2.38	$-2.96	$-3.63	$-4.40

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.58

Book Value / share($)Yahoo: $0.85

Results

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

Graham Number—

Current Price$3.05

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.02%

Terminal growth rate(%)

Computed WACC: 9.02%

Cost of equity (Re)9.07%(Rf 4.30% + β 0.87 × 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)99.36%

Debt weight (D/V)0.64%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.05

Implied Near-term FCF Growth—

Historical Revenue Growth-85.9%

Historical Earnings Growth—

Base FCF (TTM)-$30.63M

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$3.05

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$74.03M

Target EV/EBITDA multipleCurrent: -3.5×

Net Debt($B)Default: -$88.64M

Results

Implied Equity Value / share$3.19

Current Price$3.05

Upside / Downside+4.7%

Implied EV$257.49M

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