ASTC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.74)
DCF	$-91.14	-3426.3%
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: -$9.57M

Near-term growth (yrs 1–5)(%)Rev: -43.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.18%

Computed WACC: 4.18%

Cost of equity (Re)6.31%(Rf 4.30% + β 0.37 × 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)66.28%

Debt weight (D/V)33.72%

Results

Intrinsic Value / share$-368.66

Current Price$2.74

Upside / Downside-13554.7%

Net Debt (used)-$7.68M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-91.96	$-111.44	$-134.10	$-160.33	$-190.54
8.0%	$-74.82	$-90.50	$-108.71	$-129.76	$-153.98
9.0%	$-62.94	$-76.00	$-91.14	$-108.62	$-128.70
10.0%	$-54.22	$-65.36	$-78.26	$-93.13	$-110.20
11.0%	$-47.55	$-57.22	$-68.41	$-81.30	$-96.07

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-8.09

Book Value / share($)Yahoo: $9.26

Results

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

Graham Number—

Current Price$2.74

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.18%

Terminal growth rate(%)

Computed WACC: 4.18%

Cost of equity (Re)6.31%(Rf 4.30% + β 0.37 × 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)66.28%

Debt weight (D/V)33.72%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$2.74

Implied Near-term FCF Growth—

Historical Revenue Growth-43.3%

Historical Earnings Growth—

Base FCF (TTM)-$9.57M

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$2.74

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$13.27M

Target EV/EBITDA multipleCurrent: 0.2×

Net Debt($B)Default: -$7.68M

Results

Implied Equity Value / share$2.61

Current Price$2.74

Upside / Downside-4.8%

Implied EV-$3.09M

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