AKBA — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.26)
DCF	$13.38	+961.9%
Graham Number	—	—
Reverse DCF	—	implied g: -16.2%
DDM	—	—
EV/EBITDA	$1.27	+0.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $68.61M

Near-term growth (yrs 1–5)(%)Rev: 23.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.09%

Computed WACC: 4.09%

Cost of equity (Re)6.52%(Rf 4.30% + β 0.40 × 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)62.72%

Debt weight (D/V)37.28%

Results

Intrinsic Value / share$63.24

Current Price$1.26

Upside / Downside+4919.1%

Net Debt (used)$13.94M

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

WACC \ Near-term	15.9%	19.9%	23.9%	27.9%	31.9%
7.0%	$14.80	$17.42	$20.42	$23.82	$27.66
8.0%	$11.79	$13.87	$16.23	$18.91	$21.94
9.0%	$9.73	$11.43	$13.36	$15.55	$18.02
10.0%	$8.23	$9.65	$11.27	$13.10	$15.17
11.0%	$7.09	$8.31	$9.69	$11.25	$13.01

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.08

Book Value / share($)Yahoo: $0.12

Results

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

Graham Number—

Current Price$1.26

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.09%

Terminal growth rate(%)

Computed WACC: 4.09%

Cost of equity (Re)6.52%(Rf 4.30% + β 0.40 × 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)62.72%

Debt weight (D/V)37.28%

Results

Current Price$1.26

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth23.9%

Historical Earnings Growth—

Base FCF (TTM)$68.61M

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$1.26

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $27.27M

Target EV/EBITDA multipleCurrent: 12.9×

Net Debt($B)Default: $13.94M

Results

Implied Equity Value / share$1.27

Current Price$1.26

Upside / Downside+0.9%

Implied EV$351.47M

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

Mult \ Net Debt	-$1.99B	-$986.06M	$13.94M	$1.01B	$2.01B
8.9x	$8.40	$4.63	$0.86	$-2.91	$-6.68
10.9x	$8.60	$4.83	$1.07	$-2.70	$-6.47
12.9x	$8.81	$5.04	$1.27	$-2.50	$-6.26
14.9x	$9.01	$5.25	$1.48	$-2.29	$-6.06
16.9x	$9.22	$5.45	$1.68	$-2.09	$-5.85

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