BLFS — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($22.52)
DCF	$106.31	+372.1%
Graham Number	—	—
Reverse DCF	—	implied g: 32.1%
DDM	—	—
EV/EBITDA	$22.59	+0.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $12.44M

Near-term growth (yrs 1–5)(%)Rev: 63.9% / EPS: -13.9%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 14.75%

Computed WACC: 14.75%

Cost of equity (Re)14.99%(Rf 4.30% + β 1.94 × 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)98.38%

Debt weight (D/V)1.62%

Results

Intrinsic Value / share$43.41

Current Price$22.52

Upside / Downside+92.8%

Net Debt (used)-$71.03M

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

WACC \ Near-term	55.9%	59.9%	63.9%	67.9%	71.9%
7.0%	$132.63	$150.18	$169.56	$190.92	$214.41
8.0%	$103.24	$116.82	$131.82	$148.35	$166.52
9.0%	$83.23	$94.11	$106.13	$119.37	$133.92
10.0%	$68.82	$77.76	$87.63	$98.51	$110.46
11.0%	$58.02	$65.50	$73.77	$82.87	$92.87

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.38

Book Value / share($)Yahoo: $7.72

Results

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

Graham Number—

Current Price$22.52

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 14.75%

Terminal growth rate(%)

Computed WACC: 14.75%

Cost of equity (Re)14.99%(Rf 4.30% + β 1.94 × 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)98.38%

Debt weight (D/V)1.62%

Results

Current Price$22.52

Implied Near-term FCF Growth48.9%

Historical Revenue Growth63.9%

Historical Earnings Growth-13.9%

Base FCF (TTM)$12.44M

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$22.52

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $3.61M

Target EV/EBITDA multipleCurrent: 281.9×

Net Debt($B)Default: -$71.03M

Results

Implied Equity Value / share$22.59

Current Price$22.52

Upside / Downside+0.3%

Implied EV$1.02B

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

Mult \ Net Debt	-$2.07B	-$1.07B	-$71.03M	$928.97M	$1.93B
277.9x	$63.83	$43.06	$22.29	$1.52	$-19.25
279.9x	$63.98	$43.21	$22.44	$1.67	$-19.10
281.9x	$64.13	$43.36	$22.59	$1.82	$-18.95
283.9x	$64.28	$43.51	$22.74	$1.97	$-18.80
285.9x	$64.43	$43.66	$22.89	$2.12	$-18.65

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