BKSY — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($21.61)
DCF	$-35.67	-265.1%
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: -$36.08M

Near-term growth (yrs 1–5)(%)Rev: 16.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 16.36%

Computed WACC: 16.36%

Cost of equity (Re)18.04%(Rf 4.30% + β 2.50 × ERP 5.50%)

Cost of debt (Rd)12.75%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)78.84%

Debt weight (D/V)21.16%

Results

Intrinsic Value / share$-16.30

Current Price$21.61

Upside / Downside-175.4%

Net Debt (used)$84.25M

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

WACC \ Near-term	8.0%	12.0%	16.0%	20.0%	24.0%
7.0%	$-37.96	$-44.64	$-52.31	$-61.09	$-71.09
8.0%	$-31.05	$-36.36	$-42.45	$-49.42	$-57.35
9.0%	$-26.29	$-30.66	$-35.67	$-41.39	$-47.90
10.0%	$-22.82	$-26.50	$-30.73	$-35.54	$-41.02
11.0%	$-20.18	$-23.35	$-26.97	$-31.10	$-35.79

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.73

Book Value / share($)Yahoo: $2.64

Results

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

Graham Number—

Current Price$21.61

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 16.36%

Terminal growth rate(%)

Computed WACC: 16.36%

Cost of equity (Re)18.04%(Rf 4.30% + β 2.50 × ERP 5.50%)

Cost of debt (Rd)12.75%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)78.84%

Debt weight (D/V)21.16%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$21.61

Implied Near-term FCF Growth—

Historical Revenue Growth16.0%

Historical Earnings Growth—

Base FCF (TTM)-$36.08M

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$21.61

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$16.56M

Target EV/EBITDA multipleCurrent: -46.0×

Net Debt($B)Default: $84.25M

Results

Implied Equity Value / share$18.82

Current Price$21.61

Upside / Downside-12.9%

Implied EV$761.52M

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