AKA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($10.35)
DCF	$6.40	-38.1%
Graham Number	—	—
Reverse DCF	—	implied g: 7.6%
DDM	—	—
EV/EBITDA	$10.41	+0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $14.59M

Near-term growth (yrs 1–5)(%)Rev: -1.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.82%

Computed WACC: 9.82%

Cost of equity (Re)13.37%(Rf 4.30% + β 1.65 × ERP 5.50%)

Cost of debt (Rd)10.04%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)34.74%

Debt weight (D/V)65.26%

Results

Intrinsic Value / share$3.70

Current Price$10.35

Upside / Downside-64.2%

Net Debt (used)$187.34M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$6.61	$11.47	$17.13	$23.68	$31.23
8.0%	$2.33	$6.24	$10.79	$16.05	$22.10
9.0%	$-0.64	$2.62	$6.40	$10.77	$15.78
10.0%	$-2.81	$-0.03	$3.19	$6.90	$11.16
11.0%	$-4.48	$-2.06	$0.73	$3.95	$7.64

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.46

Book Value / share($)Yahoo: $10.29

Results

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

Graham Number—

Current Price$10.35

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.82%

Terminal growth rate(%)

Computed WACC: 9.82%

Cost of equity (Re)13.37%(Rf 4.30% + β 1.65 × ERP 5.50%)

Cost of debt (Rd)10.04%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)34.74%

Debt weight (D/V)65.26%

Results

Current Price$10.35

Implied Near-term FCF Growth9.8%

Historical Revenue Growth-1.9%

Historical Earnings Growth—

Base FCF (TTM)$14.59M

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$10.35

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $11.13M

Target EV/EBITDA multipleCurrent: 26.9×

Net Debt($B)Default: $187.34M

Results

Implied Equity Value / share$10.41

Current Price$10.35

Upside / Downside+0.6%

Implied EV$299.08M

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

Mult \ Net Debt	-$1.81B	-$812.66M	$187.34M	$1.19B	$2.19B
22.9x	$192.49	$99.37	$6.26	$-86.85	$-179.96
24.9x	$194.56	$101.45	$8.33	$-84.78	$-177.89
26.9x	$196.63	$103.52	$10.41	$-82.71	$-175.82
28.9x	$198.70	$105.59	$12.48	$-80.64	$-173.75
30.9x	$200.77	$107.66	$14.55	$-78.56	$-171.68

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