ATHE

ATHE — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($3.45)
DCF$-417.08-12189.6%
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

Yahoo: -$8.66M
Rev: 80.9% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-417.76
Current Price$3.45
Upside / Downside-12209.4%
Net Debt (used)-$40.50M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term72.9%76.9%80.9%84.9%88.9%
7.0%$-542.25$-607.87$-679.67$-758.09$-843.58
8.0%$-417.86$-468.41$-523.73$-584.14$-649.99
9.0%$-333.33$-373.65$-417.76$-465.94$-518.45
10.0%$-272.60$-305.57$-341.64$-381.03$-423.95
11.0%$-227.18$-254.65$-284.71$-317.52$-353.29

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-0.61
Yahoo: $0.00

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$3.45
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$3.45
Implied Near-term FCF Growth
Historical Revenue Growth80.9%
Historical Earnings Growth
Base FCF (TTM)-$8.66M
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

Yahoo: —

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$3.45
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: -$14.63M
Current: -2155.7×
Default: -$40.50M

Results

Implied Equity Value / share$1742.61
Current Price$3.45
Upside / Downside+50411.9%
Implied EV$31.55B