ASPI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.46)
DCF	$-1141657.60	-20890449.5%
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: -$67.55M

Near-term growth (yrs 1–5)(%)Rev: 349.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 20.16%

Computed WACC: 20.16%

Cost of equity (Re)23.51%(Rf 4.30% + β 3.49 × ERP 5.50%)

Cost of debt (Rd)0.02%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)85.75%

Debt weight (D/V)14.25%

Results

Intrinsic Value / share$-187419.26

Current Price$5.46

Upside / Downside-3429546.7%

Net Debt (used)-$381,824

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

WACC \ Near-term	341.5%	345.5%	349.5%	353.5%	357.5%
7.0%	$-1761331.84	$-1842576.78	$-1926792.53	$-2014059.81	$-2104460.81
8.0%	$-1333253.34	$-1394751.77	$-1458498.94	$-1524555.96	$-1592985.03
9.0%	$-1044559.31	$-1092740.82	$-1142684.11	$-1194437.06	$-1248048.40
10.0%	$-838879.74	$-877573.65	$-917682.40	$-959244.46	$-1002298.95
11.0%	$-686426.62	$-718088.18	$-750907.43	$-784915.84	$-820145.44

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.40

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$5.46

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 20.16%

Terminal growth rate(%)

Computed WACC: 20.16%

Cost of equity (Re)23.51%(Rf 4.30% + β 3.49 × ERP 5.50%)

Cost of debt (Rd)0.02%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)85.75%

Debt weight (D/V)14.25%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$5.46

Implied Near-term FCF Growth—

Historical Revenue Growth349.5%

Historical Earnings Growth—

Base FCF (TTM)-$67.55M

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$5.46

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$41.51M

Target EV/EBITDA multipleCurrent: -14.8×

Net Debt($B)Default: -$381,824

Results

Implied Equity Value / share$4.91

Current Price$5.46

Upside / Downside-10.1%

Implied EV$614.04M

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