BTA

BTA — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($9.72)
DCF$-8.43-186.8%
Graham Number
Reverse DCF
DDM$12.15+25.0%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$1.74M
Rev: 5.1% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-8.43
Current Price$9.72
Upside / Downside-186.7%
Net Debt (used)$82.70M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-2.9%1.1%5.1%9.1%13.1%
7.0%$-8.45$-8.91$-9.45$-10.08$-10.80
8.0%$-8.04$-8.42$-8.85$-9.35$-9.93
9.0%$-7.76$-8.07$-8.43$-8.85$-9.33
10.0%$-7.55$-7.82$-8.12$-8.48$-8.88
11.0%$-7.39$-7.62$-7.89$-8.20$-8.55

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $-0.65
Yahoo: $9.50

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$9.72
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$9.72
Implied Near-term FCF Growth
Historical Revenue Growth5.1%
Historical Earnings Growth
Base FCF (TTM)-$1.74M
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

Yahoo: $0.59

Results

DDM Intrinsic Value / share$12.15
Current Price$9.72
Upside / Downside+25.0%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $82.70M

Results

Implied Equity Value / share$-6.15
Current Price$9.72
Upside / Downside-163.3%
Implied EV$0