ATAI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.65)
DCF	$-164709382309.74	-4506412648793.4%
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: -$39.03M

Near-term growth (yrs 1–5)(%)Rev: 1772.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.13%

Computed WACC: 13.13%

Cost of equity (Re)13.19%(Rf 4.30% + β 1.62 × 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)99.59%

Debt weight (D/V)0.41%

Results

Intrinsic Value / share$-72426254777.29

Current Price$3.65

Upside / Downside-1981566478274.7%

Net Debt (used)-$109.15M

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

WACC \ Near-term	1764.5%	1768.5%	1772.5%	1776.5%	1780.5%
7.0%	$-274553787262.92	$-277511516857.37	$-280494682273.61	$-283503447216.89	$-286537976093.37
8.0%	$-206829103093.19	$-209057244121.26	$-211304546670.42	$-213571134064.43	$-215857130155.11
9.0%	$-161261630929.15	$-162998879942.29	$-164751068913.48	$-166518293996.48	$-168300651756.73
10.0%	$-128879181191.69	$-130267578595.63	$-131667915910.76	$-133080269982.50	$-134504717985.27
11.0%	$-104941759265.75	$-106072282166.03	$-107212527313.68	$-108362557281.18	$-109522434908.94

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.83

Book Value / share($)Yahoo: $0.66

Results

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

Graham Number—

Current Price$3.65

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.13%

Terminal growth rate(%)

Computed WACC: 13.13%

Cost of equity (Re)13.19%(Rf 4.30% + β 1.62 × 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)99.59%

Debt weight (D/V)0.41%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.65

Implied Near-term FCF Growth—

Historical Revenue Growth1772.5%

Historical Earnings Growth—

Base FCF (TTM)-$39.03M

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$3.65

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$101.42M

Target EV/EBITDA multipleCurrent: -12.1×

Net Debt($B)Default: -$109.15M

Results

Implied Equity Value / share$3.68

Current Price$3.65

Upside / Downside+0.7%

Implied EV$1.23B

← Overview Financial Statements ← Companies