AEI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.11)
DCF	$3.47	+64.3%
Graham Number	—	—
Reverse DCF	—	implied g: -8.1%
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: $5.58M

Near-term growth (yrs 1–5)(%)Rev: -79.9% / EPS: -75.0%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.42%

Computed WACC: 11.42%

Cost of equity (Re)11.76%(Rf 4.30% + β 1.36 × 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)97.11%

Debt weight (D/V)2.89%

Results

Intrinsic Value / share$2.78

Current Price$2.11

Upside / Downside+31.5%

Net Debt (used)-$36.88M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$3.49	$4.00	$4.60	$5.29	$6.09
8.0%	$3.04	$3.45	$3.93	$4.48	$5.12
9.0%	$2.72	$3.07	$3.47	$3.93	$4.46
10.0%	$2.49	$2.79	$3.13	$3.52	$3.97
11.0%	$2.32	$2.57	$2.87	$3.21	$3.60

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.56

Book Value / share($)Yahoo: $3.98

Results

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

Graham Number—

Current Price$2.11

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.42%

Terminal growth rate(%)

Computed WACC: 11.42%

Cost of equity (Re)11.76%(Rf 4.30% + β 1.36 × 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)97.11%

Debt weight (D/V)2.89%

Results

Current Price$2.11

Implied Near-term FCF Growth-3.3%

Historical Revenue Growth-79.9%

Historical Earnings Growth-75.0%

Base FCF (TTM)$5.58M

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$2.11

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$4.71M

Target EV/EBITDA multipleCurrent: -11.4×

Net Debt($B)Default: -$36.88M

Results

Implied Equity Value / share$2.33

Current Price$2.11

Upside / Downside+10.6%

Implied EV$53.92M

← Overview Financial Statements ← Companies