APYX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.28)
DCF	$-4.17	-227.0%
Graham Number	—	—
Reverse DCF	—	—
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: -$5.91M

Near-term growth (yrs 1–5)(%)Rev: 12.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.06%

Computed WACC: 10.06%

Cost of equity (Re)13.00%(Rf 4.30% + β 1.58 × 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)77.44%

Debt weight (D/V)22.56%

Results

Intrinsic Value / share$-3.58

Current Price$3.28

Upside / Downside-209.2%

Net Debt (used)$14.08M

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

WACC \ Near-term	4.1%	8.1%	12.1%	16.1%	20.1%
7.0%	$-4.34	$-5.11	$-6.00	$-7.03	$-8.19
8.0%	$-3.59	$-4.20	$-4.91	$-5.73	$-6.66
9.0%	$-3.07	$-3.57	$-4.16	$-4.83	$-5.60
10.0%	$-2.69	$-3.12	$-3.61	$-4.18	$-4.82
11.0%	$-2.39	$-2.77	$-3.19	$-3.68	$-4.24

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.36

Book Value / share($)Yahoo: $0.15

Results

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

Graham Number—

Current Price$3.28

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.06%

Terminal growth rate(%)

Computed WACC: 10.06%

Cost of equity (Re)13.00%(Rf 4.30% + β 1.58 × 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)77.44%

Debt weight (D/V)22.56%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.28

Implied Near-term FCF Growth—

Historical Revenue Growth12.1%

Historical Earnings Growth—

Base FCF (TTM)-$5.91M

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$3.28

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$8.93M

Target EV/EBITDA multipleCurrent: -15.7×

Net Debt($B)Default: $14.08M

Results

Implied Equity Value / share$3.06

Current Price$3.28

Upside / Downside-6.6%

Implied EV$139.74M

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