BDTX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.43)
DCF	$5.19	+113.7%
Graham Number	$4.29	+76.7%
Reverse DCF	—	implied g: -20.0%
DDM	—	—
EV/EBITDA	$2.43	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $10.25M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 20.26%

Computed WACC: 20.26%

Cost of equity (Re)23.14%(Rf 4.30% + β 3.43 × 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)87.56%

Debt weight (D/V)12.44%

Results

Intrinsic Value / share$3.17

Current Price$2.43

Upside / Downside+30.5%

Net Debt (used)-$115.83M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$5.22	$5.86	$6.61	$7.48	$8.48
8.0%	$4.65	$5.17	$5.77	$6.47	$7.27
9.0%	$4.26	$4.69	$5.19	$5.77	$6.44
10.0%	$3.97	$4.34	$4.77	$5.26	$5.82
11.0%	$3.75	$4.07	$4.44	$4.87	$5.36

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.37

Book Value / share($)Yahoo: $2.21

Results

Graham Number$4.29

Current Price$2.43

Margin of Safety+76.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 20.26%

Terminal growth rate(%)

Computed WACC: 20.26%

Cost of equity (Re)23.14%(Rf 4.30% + β 3.43 × 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)87.56%

Debt weight (D/V)12.44%

Results

Current Price$2.43

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)$10.25M

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$2.43

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $15.15M

Target EV/EBITDA multipleCurrent: 1.5×

Net Debt($B)Default: -$115.83M

Results

Implied Equity Value / share$2.43

Current Price$2.43

Upside / Downside-0.0%

Implied EV$22.61M

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

Mult \ Net Debt	-$2.12B	-$1.12B	-$115.83M	$884.17M	$1.88B
-2.5x	$36.47	$18.92	$1.37	$-16.18	$-33.74
-0.5x	$37.00	$19.45	$1.90	$-15.65	$-33.20
1.5x	$37.53	$19.98	$2.43	$-15.12	$-32.67
3.5x	$38.06	$20.51	$2.96	$-14.59	$-32.14
5.5x	$38.60	$21.04	$3.49	$-14.06	$-31.61

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