BCIC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($11.58)
DCF	$56.12	+384.6%
Graham Number	$25.14	+117.1%
Reverse DCF	—	implied g: 10.6%
DDM	$40.58	+250.4%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $19.28M

Near-term growth (yrs 1–5)(%)Rev: 24.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.74%

Computed WACC: 5.74%

Cost of equity (Re)6.07%(Rf 4.30% + β 0.32 × ERP 5.50%)

Cost of debt (Rd)7.07%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)32.20%

Debt weight (D/V)67.80%

Results

Intrinsic Value / share$153.34

Current Price$11.58

Upside / Downside+1224.2%

Net Debt (used)$318.84M

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

WACC \ Near-term	16.8%	20.8%	24.8%	28.8%	32.8%
7.0%	$65.10	$80.84	$98.76	$119.08	$142.05
8.0%	$46.93	$59.34	$73.47	$89.49	$107.57
9.0%	$34.45	$44.59	$56.12	$69.19	$83.93
10.0%	$25.38	$33.87	$43.52	$54.45	$66.77
11.0%	$18.51	$25.76	$33.99	$43.29	$53.79

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.60

Book Value / share($)Yahoo: $17.55

Results

Graham Number$25.14

Current Price$11.58

Margin of Safety+117.1%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.74%

Terminal growth rate(%)

Computed WACC: 5.74%

Cost of equity (Re)6.07%(Rf 4.30% + β 0.32 × ERP 5.50%)

Cost of debt (Rd)7.07%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)32.20%

Debt weight (D/V)67.80%

Results

Current Price$11.58

Implied Near-term FCF Growth-0.7%

Historical Revenue Growth24.8%

Historical Earnings Growth—

Base FCF (TTM)$19.28M

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: $1.97

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$40.58

Current Price$11.58

Upside / Downside+250.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $318.84M

Results

Implied Equity Value / share$-24.37

Current Price$11.58

Upside / Downside-310.5%

Implied EV$0

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