ASTI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.85)
DCF	$-48154.00	-702903.8%
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: -$2.48M

Near-term growth (yrs 1–5)(%)Rev: 233.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.04%

Computed WACC: 9.04%

Cost of equity (Re)9.32%(Rf 4.30% + β 0.91 × 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)97.03%

Debt weight (D/V)2.97%

Results

Intrinsic Value / share$-47772.86

Current Price$6.85

Upside / Downside-697340.9%

Net Debt (used)-$478,073

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

WACC \ Near-term	225.9%	229.9%	233.9%	237.9%	241.9%
7.0%	$-71571.86	$-76072.52	$-80796.80	$-85752.94	$-90949.37
8.0%	$-54340.86	$-57757.83	$-61344.56	$-65107.32	$-69052.50
9.0%	$-42704.66	$-45389.80	$-48208.35	$-51165.21	$-54265.42
10.0%	$-34402.16	$-36565.15	$-38835.60	$-41217.46	$-43714.79
11.0%	$-28238.38	$-30013.73	$-31877.27	$-33832.26	$-35882.01

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.61

Book Value / share($)Yahoo: $0.76

Results

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

Graham Number—

Current Price$6.85

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.04%

Terminal growth rate(%)

Computed WACC: 9.04%

Cost of equity (Re)9.32%(Rf 4.30% + β 0.91 × 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)97.03%

Debt weight (D/V)2.97%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$6.85

Implied Near-term FCF Growth—

Historical Revenue Growth233.9%

Historical Earnings Growth—

Base FCF (TTM)-$2.48M

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$6.85

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$7.17M

Target EV/EBITDA multipleCurrent: -3.1×

Net Debt($B)Default: -$478,073

Results

Implied Equity Value / share$3.00

Current Price$6.85

Upside / Downside-56.2%

Implied EV$22.59M

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