ASAN — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.30)
DCF	$22.42	+207.2%
Graham Number	—	—
Reverse DCF	—	implied g: -12.2%
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: $147.00M

Near-term growth (yrs 1–5)(%)Rev: 9.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.36%

Computed WACC: 8.36%

Cost of equity (Re)9.56%(Rf 4.30% + β 0.96 × 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)87.38%

Debt weight (D/V)12.62%

Results

Intrinsic Value / share$24.90

Current Price$7.30

Upside / Downside+241.0%

Net Debt (used)-$213.65M

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

WACC \ Near-term	1.3%	5.3%	9.3%	13.3%	17.3%
7.0%	$23.15	$27.44	$32.40	$38.12	$44.67
8.0%	$19.12	$22.55	$26.52	$31.08	$36.31
9.0%	$16.33	$19.18	$22.46	$26.23	$30.55
10.0%	$14.29	$16.71	$19.49	$22.68	$26.34
11.0%	$12.74	$14.82	$17.23	$19.98	$23.13

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.96

Book Value / share($)Yahoo: $0.79

Results

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

Graham Number—

Current Price$7.30

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.36%

Terminal growth rate(%)

Computed WACC: 8.36%

Cost of equity (Re)9.56%(Rf 4.30% + β 0.96 × 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)87.38%

Debt weight (D/V)12.62%

Results

Current Price$7.30

Implied Near-term FCF Growth-13.6%

Historical Revenue Growth9.3%

Historical Earnings Growth—

Base FCF (TTM)$147.00M

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$7.30

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$197.72M

Target EV/EBITDA multipleCurrent: -7.7×

Net Debt($B)Default: -$213.65M

Results

Implied Equity Value / share$10.99

Current Price$7.30

Upside / Downside+50.5%

Implied EV$1.52B

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