ALGM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($36.59)
DCF	$40.99	+12.0%
Graham Number	—	—
Reverse DCF	—	implied g: 26.9%
DDM	—	—
EV/EBITDA	$36.60	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $113.17M

Near-term growth (yrs 1–5)(%)Rev: 28.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.10%

Computed WACC: 13.10%

Cost of equity (Re)13.32%(Rf 4.30% + β 1.64 × ERP 5.50%)

Cost of debt (Rd)10.40%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)95.65%

Debt weight (D/V)4.35%

Results

Intrinsic Value / share$21.88

Current Price$36.59

Upside / Downside-40.2%

Net Debt (used)$153.00M

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

WACC \ Near-term	20.9%	24.9%	28.9%	32.9%	36.9%
7.0%	$46.34	$54.39	$63.52	$73.84	$85.45
8.0%	$36.60	$42.93	$50.11	$58.22	$67.34
9.0%	$29.92	$35.08	$40.92	$47.52	$54.94
10.0%	$25.07	$29.38	$34.25	$39.76	$45.94
11.0%	$21.41	$25.07	$29.22	$33.89	$39.15

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.07

Book Value / share($)Yahoo: $5.20

Results

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

Graham Number—

Current Price$36.59

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.10%

Terminal growth rate(%)

Computed WACC: 13.10%

Cost of equity (Re)13.32%(Rf 4.30% + β 1.64 × ERP 5.50%)

Cost of debt (Rd)10.40%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)95.65%

Debt weight (D/V)4.35%

Results

Current Price$36.59

Implied Near-term FCF Growth38.8%

Historical Revenue Growth28.9%

Historical Earnings Growth—

Base FCF (TTM)$113.17M

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$36.59

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $72.11M

Target EV/EBITDA multipleCurrent: 96.2×

Net Debt($B)Default: $153.00M

Results

Implied Equity Value / share$36.60

Current Price$36.59

Upside / Downside+0.0%

Implied EV$6.93B

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

Mult \ Net Debt	-$1.85B	-$847.00M	$153.00M	$1.15B	$2.15B
92.2x	$45.84	$40.44	$35.04	$29.65	$24.25
94.2x	$46.61	$41.22	$35.82	$30.42	$25.03
96.2x	$47.39	$42.00	$36.60	$31.20	$25.81
98.2x	$48.17	$42.77	$37.38	$31.98	$26.58
100.2x	$48.95	$43.55	$38.16	$32.76	$27.36

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