BCSF — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($12.91)
DCF	$-2.38	-118.5%
Graham Number	$23.74	+83.9%
Reverse DCF	—	implied g: 14.9%
DDM	$34.61	+168.1%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $72.46M

Near-term growth (yrs 1–5)(%)Rev: -7.4% / EPS: -43.5%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.63%

Computed WACC: 5.63%

Cost of equity (Re)7.75%(Rf 4.30% + β 0.63 × ERP 5.50%)

Cost of debt (Rd)5.63%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)35.88%

Debt weight (D/V)64.12%

Results

Intrinsic Value / share$18.99

Current Price$12.91

Upside / Downside+47.1%

Net Debt (used)$1.43B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-2.21	$1.79	$6.44	$11.82	$18.03
8.0%	$-5.73	$-2.51	$1.23	$5.55	$10.52
9.0%	$-8.17	$-5.49	$-2.38	$1.21	$5.33
10.0%	$-9.96	$-7.68	$-5.03	$-1.97	$1.53
11.0%	$-11.33	$-9.35	$-7.05	$-4.40	$-1.37

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.44

Book Value / share($)Yahoo: $17.40

Results

Graham Number$23.74

Current Price$12.91

Margin of Safety+83.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.63%

Terminal growth rate(%)

Computed WACC: 5.63%

Cost of equity (Re)7.75%(Rf 4.30% + β 0.63 × ERP 5.50%)

Cost of debt (Rd)5.63%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)35.88%

Debt weight (D/V)64.12%

Results

Current Price$12.91

Implied Near-term FCF Growth2.5%

Historical Revenue Growth-7.4%

Historical Earnings Growth-43.5%

Base FCF (TTM)$72.46M

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: $1.68

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$34.61

Current Price$12.91

Upside / Downside+168.1%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $1.43B

Results

Implied Equity Value / share$-21.99

Current Price$12.91

Upside / Downside-270.4%

Implied EV$0

← Overview Financial Statements ← Companies