AOSL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($21.58)
DCF	$-229.70	-1164.4%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$26.39	+22.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$42.82M

Near-term growth (yrs 1–5)(%)Rev: 44.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.59%

Computed WACC: 11.59%

Cost of equity (Re)15.23%(Rf 4.30% + β 1.99 × 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)76.11%

Debt weight (D/V)23.89%

Results

Intrinsic Value / share$-147.25

Current Price$21.58

Upside / Downside-782.3%

Net Debt (used)-$851,008

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

WACC \ Near-term	36.9%	40.9%	44.9%	48.9%	52.9%
7.0%	$-273.62	$-315.23	$-361.79	$-413.73	$-471.51
8.0%	$-214.33	$-246.77	$-283.06	$-323.53	$-368.55
9.0%	$-173.83	$-200.02	$-229.30	$-261.95	$-298.26
10.0%	$-144.58	$-166.25	$-190.47	$-217.48	$-247.50
11.0%	$-122.57	$-140.84	$-161.27	$-184.03	$-209.32

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-3.51

Book Value / share($)Yahoo: $27.68

Results

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

Graham Number—

Current Price$21.58

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 11.59%

Terminal growth rate(%)

Computed WACC: 11.59%

Cost of equity (Re)15.23%(Rf 4.30% + β 1.99 × 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)76.11%

Debt weight (D/V)23.89%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$21.58

Implied Near-term FCF Growth—

Historical Revenue Growth44.9%

Historical Earnings Growth—

Base FCF (TTM)-$42.82M

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$21.58

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $21.25M

Target EV/EBITDA multipleCurrent: 36.9×

Net Debt($B)Default: -$851,008

Results

Implied Equity Value / share$26.39

Current Price$21.58

Upside / Downside+22.3%

Implied EV$784.51M

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

Mult \ Net Debt	-$2.00B	-$1.00B	-$851,008	$999.15M	$2.00B
32.9x	$90.74	$57.13	$23.53	$-10.07	$-43.67
34.9x	$92.16	$58.56	$24.96	$-8.64	$-42.24
36.9x	$93.59	$59.99	$26.39	$-7.21	$-40.81
38.9x	$95.02	$61.42	$27.82	$-5.78	$-39.39
40.9x	$96.45	$62.85	$29.25	$-4.36	$-37.96

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