AEF

AEF — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($8.58)
DCF$-79.53-1026.9%
Graham Number$12.02+40.1%
Reverse DCF
DDM$13.39+56.1%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$93,600
Rev: -28.4% / EPS: 181.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-79.53
Current Price$8.58
Upside / Downside-1026.9%
Net Debt (used)$31.92M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term173.6%177.6%181.6%185.6%189.6%
7.0%$-114.45$-123.00$-132.06$-141.65$-151.79
8.0%$-87.31$-93.82$-100.72$-108.02$-115.73
9.0%$-68.97$-74.09$-79.53$-85.28$-91.36
10.0%$-55.86$-60.00$-64.39$-69.03$-73.94
11.0%$-46.12$-49.52$-53.13$-56.96$-61.00

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.97
Yahoo: $6.62

Results

Graham Number$12.02
Current Price$8.58
Margin of Safety+40.1%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$8.58
Implied Near-term FCF Growth
Historical Revenue Growth-28.4%
Historical Earnings Growth181.6%
Base FCF (TTM)-$93,600
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

Yahoo: $0.65

Results

DDM Intrinsic Value / share$13.39
Current Price$8.58
Upside / Downside+56.1%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $31.92M

Results

Implied Equity Value / share$-0.79
Current Price$8.58
Upside / Downside-109.2%
Implied EV$0