BKTI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($86.62)
DCF	$79.36	-8.4%
Graham Number	$12.17	-85.9%
Reverse DCF	—	implied g: 6.5%
DDM	—	—
EV/EBITDA	$390.24	+350.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $16.37M

Near-term growth (yrs 1–5)(%)Rev: -1.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.74%

Computed WACC: 6.74%

Cost of equity (Re)6.85%(Rf 4.30% + β 0.46 × 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)98.41%

Debt weight (D/V)1.59%

Results

Intrinsic Value / share$120.90

Current Price$86.62

Upside / Downside+39.6%

Net Debt (used)-$8.86M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$80.02	$95.72	$113.99	$135.13	$159.49
8.0%	$66.20	$78.84	$93.52	$110.49	$130.01
9.0%	$56.63	$67.15	$79.36	$93.45	$109.64
10.0%	$49.60	$58.58	$68.98	$80.96	$94.72
11.0%	$44.22	$52.02	$61.04	$71.43	$83.33

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $3.33

Book Value / share($)Yahoo: $1.98

Results

Graham Number$12.17

Current Price$86.62

Margin of Safety-85.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.74%

Terminal growth rate(%)

Computed WACC: 6.74%

Cost of equity (Re)6.85%(Rf 4.30% + β 0.46 × 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)98.41%

Debt weight (D/V)1.59%

Results

Current Price$86.62

Implied Near-term FCF Growth-0.4%

Historical Revenue Growth-1.1%

Historical Earnings Growth—

Base FCF (TTM)$16.37M

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$86.62

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $15.73M

Target EV/EBITDA multipleCurrent: 92.0×

Net Debt($B)Default: -$8.86M

Results

Implied Equity Value / share$390.24

Current Price$86.62

Upside / Downside+350.5%

Implied EV$1.45B

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

Mult \ Net Debt	-$2.01B	-$1.01B	-$8.86M	$991.14M	$1.99B
88.0x	$909.24	$641.31	$373.37	$105.44	$-162.50
90.0x	$917.68	$649.74	$381.80	$113.87	$-154.07
92.0x	$926.11	$658.17	$390.24	$122.30	$-145.64
94.0x	$934.54	$666.60	$398.67	$130.73	$-137.21
96.0x	$942.97	$675.03	$407.10	$139.16	$-128.77

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