ADV — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.55)
DCF	$3.87	+601.5%
Graham Number	—	—
Reverse DCF	—	implied g: -3.6%
DDM	—	—
EV/EBITDA	$0.55	-0.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $156.29M

Near-term growth (yrs 1–5)(%)Rev: -2.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.58%

Computed WACC: 1.58%

Cost of equity (Re)16.20%(Rf 4.30% + β 2.16 × 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)9.74%

Debt weight (D/V)90.26%

Results

Intrinsic Value / share—

Current Price$0.55

Upside / Downside—

Net Debt (used)$1.47B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$3.95	$5.66	$7.64	$9.94	$12.59
8.0%	$2.44	$3.82	$5.42	$7.26	$9.39
9.0%	$1.40	$2.55	$3.87	$5.41	$7.17
10.0%	$0.64	$1.61	$2.74	$4.05	$5.55
11.0%	$0.05	$0.90	$1.88	$3.01	$4.31

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.76

Book Value / share($)Yahoo: $2.17

Results

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

Graham Number—

Current Price$0.55

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.58%

Terminal growth rate(%)

Computed WACC: 1.58%

Cost of equity (Re)16.20%(Rf 4.30% + β 2.16 × 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)9.74%

Debt weight (D/V)90.26%

Results

Current Price$0.55

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-2.6%

Historical Earnings Growth—

Base FCF (TTM)$156.29M

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$0.55

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $349.83M

Target EV/EBITDA multipleCurrent: 4.7×

Net Debt($B)Default: $1.47B

Results

Implied Equity Value / share$0.55

Current Price$0.55

Upside / Downside-0.5%

Implied EV$1.66B

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

Mult \ Net Debt	$1.47B	$1.47B	$1.47B	$1.47B	$1.47B
0.7x	$-3.72	$-3.72	$-3.72	$-3.72	$-3.72
2.7x	$-1.59	$-1.59	$-1.59	$-1.59	$-1.59
4.7x	$0.55	$0.55	$0.55	$0.55	$0.55
6.7x	$2.69	$2.69	$2.69	$2.69	$2.69
8.7x	$4.82	$4.82	$4.82	$4.82	$4.82

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