BCYC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.73)
DCF	$-4743467.11	-82783121.1%
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: -$140.09M

Near-term growth (yrs 1–5)(%)Rev: 338.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 13.14%

Computed WACC: 13.14%

Cost of equity (Re)13.33%(Rf 4.30% + β 1.64 × 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)98.58%

Debt weight (D/V)1.42%

Results

Intrinsic Value / share$-2128267.72

Current Price$5.73

Upside / Downside-37142643.0%

Net Debt (used)-$642.58M

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

WACC \ Near-term	330.5%	334.5%	338.5%	342.5%	346.5%
7.0%	$-7298762.18	$-7644193.51	$-8002581.50	$-8374287.29	$-8759678.64
8.0%	$-5525945.89	$-5787472.00	$-6058807.51	$-6340225.85	$-6632005.43
9.0%	$-4330258.61	$-4535194.40	$-4747816.94	$-4968340.45	$-5196983.12
10.0%	$-3478308.32	$-3642922.53	$-3813711.02	$-3990845.90	$-4174502.40
11.0%	$-2846760.95	$-2981484.99	$-3121262.17	$-3266233.30	$-3416541.83

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-3.62

Book Value / share($)Yahoo: $8.92

Results

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

Graham Number—

Current Price$5.73

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 13.14%

Terminal growth rate(%)

Computed WACC: 13.14%

Cost of equity (Re)13.33%(Rf 4.30% + β 1.64 × 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)98.58%

Debt weight (D/V)1.42%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$5.73

Implied Near-term FCF Growth—

Historical Revenue Growth338.5%

Historical Earnings Growth—

Base FCF (TTM)-$140.09M

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$5.73

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$283.23M

Target EV/EBITDA multipleCurrent: 0.9×

Net Debt($B)Default: -$642.58M

Results

Implied Equity Value / share$7.96

Current Price$5.73

Upside / Downside+39.0%

Implied EV-$244.99M

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