AMSC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($33.01)
DCF	$-1171185949706516.50	-3547973189053467.0%
Graham Number	$27.77	-15.9%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$32.58	-1.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$8.90M

Near-term growth (yrs 1–5)(%)Rev: 21.4% / EPS: 4266.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 20.66%

Computed WACC: 20.66%

Cost of equity (Re)20.81%(Rf 4.30% + β 3.00 × 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)99.28%

Debt weight (D/V)0.72%

Results

Intrinsic Value / share$-168862698355795.06

Current Price$33.01

Upside / Downside-511550131341496.8%

Net Debt (used)-$129.69M

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

WACC \ Near-term	4258.7%	4262.7%	4266.7%	4270.7%	4274.7%
7.0%	$-1978208285206045.25	$-1987302017012352.25	$-1996429160884953.00	$-2005589808811012.50	$-2014784052946375.50
8.0%	$-1489245640515020.50	$-1496091633704730.25	$-1502962780349937.50	$-1509859149700925.50	$-1516780811134964.75
9.0%	$-1160367032117748.50	$-1165701185586589.25	$-1171054937729892.25	$-1176428342505005.00	$-1181821453968220.25
10.0%	$-926736522707815.75	$-930996687552547.88	$-935272505037278.75	$-939564018255480.75	$-943871270379649.50
11.0%	$-754102810838861.00	$-757569386510876.25	$-761048699028294.88	$-764540783457080.50	$-768045674927498.38

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.04

Book Value / share($)Yahoo: $11.28

Results

Graham Number$27.77

Current Price$33.01

Margin of Safety-15.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 20.66%

Terminal growth rate(%)

Computed WACC: 20.66%

Cost of equity (Re)20.81%(Rf 4.30% + β 3.00 × 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)99.28%

Debt weight (D/V)0.72%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$33.01

Implied Near-term FCF Growth—

Historical Revenue Growth21.4%

Historical Earnings Growth4266.7%

Base FCF (TTM)-$8.90M

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$33.01

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $22.46M

Target EV/EBITDA multipleCurrent: 63.3×

Net Debt($B)Default: -$129.69M

Results

Implied Equity Value / share$32.58

Current Price$33.01

Upside / Downside-1.3%

Implied EV$1.42B

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

Mult \ Net Debt	-$2.13B	-$1.13B	-$129.69M	$870.31M	$1.87B
59.3x	$72.70	$51.70	$30.69	$9.69	$-11.31
61.3x	$73.64	$52.64	$31.64	$10.63	$-10.37
63.3x	$74.59	$53.58	$32.58	$11.58	$-9.43
65.3x	$75.53	$54.53	$33.52	$12.52	$-8.48
67.3x	$76.47	$55.47	$34.47	$13.46	$-7.54

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