BIRD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.80)
DCF	$-93.59	-3442.4%
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: -$29.12M

Near-term growth (yrs 1–5)(%)Rev: -23.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.31%

Computed WACC: 5.31%

Cost of equity (Re)15.31%(Rf 4.30% + β 2.00 × 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)34.71%

Debt weight (D/V)65.29%

Results

Intrinsic Value / share$-213.44

Current Price$2.80

Upside / Downside-7722.8%

Net Debt (used)$19.54M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-94.36	$-112.75	$-134.14	$-158.89	$-187.40
8.0%	$-78.18	$-92.98	$-110.17	$-130.04	$-152.90
9.0%	$-66.97	$-79.30	$-93.59	$-110.08	$-129.04
10.0%	$-58.74	$-69.26	$-81.43	$-95.47	$-111.57
11.0%	$-52.44	$-61.58	$-72.14	$-84.30	$-98.24

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-10.36

Book Value / share($)Yahoo: $6.32

Results

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

Graham Number—

Current Price$2.80

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.31%

Terminal growth rate(%)

Computed WACC: 5.31%

Cost of equity (Re)15.31%(Rf 4.30% + β 2.00 × 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)34.71%

Debt weight (D/V)65.29%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$2.80

Implied Near-term FCF Growth—

Historical Revenue Growth-23.3%

Historical Earnings Growth—

Base FCF (TTM)-$29.12M

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$2.80

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$74.58M

Target EV/EBITDA multipleCurrent: -0.6×

Net Debt($B)Default: $19.54M

Results

Implied Equity Value / share$4.13

Current Price$2.80

Upside / Downside+47.5%

Implied EV$42.96M

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