ASA

ASA — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($81.29)
DCF$0.22-99.7%
Graham Number$215.30+164.9%
Reverse DCF
DDM$1.24-98.5%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: -0.3% / EPS: 1212.1%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$0.22
Current Price$81.29
Upside / Downside-99.7%
Net Debt (used)-$4.14M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term1204.1%1208.1%1212.1%1216.1%1220.1%
7.0%$0.22$0.22$0.22$0.22$0.22
8.0%$0.22$0.22$0.22$0.22$0.22
9.0%$0.22$0.22$0.22$0.22$0.22
10.0%$0.22$0.22$0.22$0.22$0.22
11.0%$0.22$0.22$0.22$0.22$0.22

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $35.19
Yahoo: $58.54

Results

Graham Number$215.30
Current Price$81.29
Margin of Safety+164.9%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$81.29
Implied Near-term FCF Growth
Historical Revenue Growth-0.3%
Historical Earnings Growth1212.1%
Base FCF (TTM)
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

Yahoo: $0.06

Results

DDM Intrinsic Value / share$1.24
Current Price$81.29
Upside / Downside-98.5%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: -$4.14M

Results

Implied Equity Value / share$0.22
Current Price$81.29
Upside / Downside-99.7%
Implied EV$0