ALTI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($4.61)
DCF	$3.72	-19.4%
Graham Number	—	—
Reverse DCF	—	implied g: 14.0%
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: $16.91M

Near-term growth (yrs 1–5)(%)Rev: 10.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.70%

Computed WACC: 7.70%

Cost of equity (Re)8.42%(Rf 4.30% + β 0.75 × 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)91.36%

Debt weight (D/V)8.64%

Results

Intrinsic Value / share$4.80

Current Price$4.61

Upside / Downside+4.0%

Net Debt (used)$28.46M

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

WACC \ Near-term	2.5%	6.5%	10.5%	14.5%	18.5%
7.0%	$3.88	$4.69	$5.63	$6.71	$7.95
8.0%	$3.11	$3.75	$4.50	$5.36	$6.35
9.0%	$2.57	$3.11	$3.72	$4.43	$5.25
10.0%	$2.18	$2.63	$3.16	$3.76	$4.44
11.0%	$1.88	$2.27	$2.72	$3.24	$3.83

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.22

Book Value / share($)Yahoo: $2.61

Results

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

Graham Number—

Current Price$4.61

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.70%

Terminal growth rate(%)

Computed WACC: 7.70%

Cost of equity (Re)8.42%(Rf 4.30% + β 0.75 × 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)91.36%

Debt weight (D/V)8.64%

Results

Current Price$4.61

Implied Near-term FCF Growth9.9%

Historical Revenue Growth10.5%

Historical Earnings Growth—

Base FCF (TTM)$16.91M

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$4.61

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$96.66M

Target EV/EBITDA multipleCurrent: -11.6×

Net Debt($B)Default: $28.46M

Results

Implied Equity Value / share$10.63

Current Price$4.61

Upside / Downside+130.5%

Implied EV$1.12B

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