BATRK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($43.75)
DCF	$-6.40	-114.6%
Graham Number	—	—
Reverse DCF	—	implied g: 54.9%
DDM	—	—
EV/EBITDA	$53.73	+22.8%

Values reflect default assumptions. Adjust inputs in each model below to update.

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $11.39M

Near-term growth (yrs 1–5)(%)Rev: 17.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.49%

Computed WACC: 6.49%

Cost of equity (Re)8.46%(Rf 4.30% + β 0.76 × 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)76.75%

Debt weight (D/V)23.25%

Results

Intrinsic Value / share$-0.64

Current Price$43.75

Upside / Downside-101.5%

Net Debt (used)$745.32M

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

WACC \ Near-term	9.6%	13.6%	17.6%	21.6%	25.6%
7.0%	$-5.78	$-4.18	$-2.34	$-0.24	$2.15
8.0%	$-7.48	$-6.20	$-4.75	$-3.08	$-1.19
9.0%	$-8.64	$-7.60	$-6.40	$-5.03	$-3.48
10.0%	$-9.49	$-8.61	$-7.61	$-6.46	$-5.15
11.0%	$-10.14	$-9.38	$-8.52	$-7.54	$-6.42

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.02

Book Value / share($)Yahoo: $8.33

Results

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

Graham Number—

Current Price$43.75

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.49%

Terminal growth rate(%)

Computed WACC: 6.49%

Cost of equity (Re)8.46%(Rf 4.30% + β 0.76 × 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)76.75%

Debt weight (D/V)23.25%

Results

Current Price$43.75

Implied Near-term FCF Growth43.0%

Historical Revenue Growth17.6%

Historical Earnings Growth—

Base FCF (TTM)$11.39M

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$43.75

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $90.78M

Target EV/EBITDA multipleCurrent: 38.8×

Net Debt($B)Default: $745.32M

Results

Implied Equity Value / share$53.73

Current Price$43.75

Upside / Downside+22.8%

Implied EV$3.52B

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.25B	-$254.68M	$745.32M	$1.75B	$2.75B
34.8x	$85.43	$66.06	$46.69	$27.32	$7.95
36.8x	$88.95	$69.58	$50.21	$30.84	$11.47
38.8x	$92.47	$73.10	$53.73	$34.36	$14.99
40.8x	$95.98	$76.61	$57.24	$37.87	$18.50
42.8x	$99.50	$80.13	$60.76	$41.39	$22.02

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