BTAI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.63)
DCF	$-38.09	-2436.7%
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: -$43.28M

Near-term growth (yrs 1–5)(%)Rev: -54.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.93%

Computed WACC: 9.93%

Cost of equity (Re)5.40%(Rf 4.30% + β 0.20 × ERP 5.50%)

Cost of debt (Rd)14.44%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)24.60%

Debt weight (D/V)75.40%

Results

Intrinsic Value / share$-33.69

Current Price$1.63

Upside / Downside-2166.8%

Net Debt (used)$73.11M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-38.39	$-45.47	$-53.72	$-63.26	$-74.25
8.0%	$-32.15	$-37.85	$-44.48	$-52.14	$-60.95
9.0%	$-27.83	$-32.58	$-38.09	$-44.45	$-51.75
10.0%	$-24.66	$-28.71	$-33.40	$-38.81	$-45.02
11.0%	$-22.23	$-25.75	$-29.82	$-34.51	$-39.88

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-9.29

Book Value / share($)Yahoo: $-4.45

Results

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

Graham Number—

Current Price$1.63

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.93%

Terminal growth rate(%)

Computed WACC: 9.93%

Cost of equity (Re)5.40%(Rf 4.30% + β 0.20 × ERP 5.50%)

Cost of debt (Rd)14.44%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)24.60%

Debt weight (D/V)75.40%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.63

Implied Near-term FCF Growth—

Historical Revenue Growth-54.2%

Historical Earnings Growth—

Base FCF (TTM)-$43.28M

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$1.63

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$50.14M

Target EV/EBITDA multipleCurrent: -2.2×

Net Debt($B)Default: $73.11M

Results

Implied Equity Value / share$1.63

Current Price$1.63

Upside / Downside+0.0%

Implied EV$108.76M

← Overview Financial Statements ← Companies