ASBP — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.45)
DCF	$60.72	+4087.6%
Graham Number	—	—
Reverse DCF	—	implied g: -20.0%
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: $16.95M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.44%

Computed WACC: 8.44%

Cost of equity (Re)8.77%(Rf 4.30% + β 0.81 × ERP 5.50%)

Cost of debt (Rd)10.34%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)44.61%

Debt weight (D/V)55.39%

Results

Intrinsic Value / share$66.64

Current Price$1.45

Upside / Downside+4496.2%

Net Debt (used)$6.68M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$61.25	$73.92	$88.66	$105.72	$125.37
8.0%	$50.11	$60.30	$72.15	$85.84	$101.59
9.0%	$42.38	$50.87	$60.72	$72.09	$85.15
10.0%	$36.71	$43.95	$52.34	$62.01	$73.11
11.0%	$32.37	$38.66	$45.94	$54.32	$63.92

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-26.76

Book Value / share($)Yahoo: $-9.26

Results

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

Graham Number—

Current Price$1.45

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.44%

Terminal growth rate(%)

Computed WACC: 8.44%

Cost of equity (Re)8.77%(Rf 4.30% + β 0.81 × ERP 5.50%)

Cost of debt (Rd)10.34%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)44.61%

Debt weight (D/V)55.39%

Results

Current Price$1.45

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)$16.95M

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$1.45

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $6.68M

Results

Implied Equity Value / share$-1.39

Current Price$1.45

Upside / Downside-196.1%

Implied EV$0

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