BTG

BTG — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($5.49)
DCF$1338.90+24294.2%
Graham Number$4.11-25.1%
Reverse DCFimplied g: -0.4%
DDM$1.65-70.0%
EV/EBITDA$6.05+10.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $592.15M
Rev: 110.9% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$1340.93
Current Price$5.49
Upside / Downside+24331.3%
Net Debt (used)$213.02M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term102.9%106.9%110.9%114.9%118.9%
7.0%$1817.30$2003.23$2204.09$2420.75$2654.14
8.0%$1393.31$1535.78$1689.68$1855.69$2034.51
9.0%$1105.86$1218.86$1340.93$1472.60$1614.43
10.0%$899.86$991.76$1091.02$1198.08$1313.40
11.0%$746.21$822.36$904.61$993.32$1088.87

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.28
Yahoo: $2.68

Results

Graham Number$4.11
Current Price$5.49
Margin of Safety-25.1%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$5.49
Implied Near-term FCF Growth-0.4%
Historical Revenue Growth110.9%
Historical Earnings Growth
Base FCF (TTM)$592.15M
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: $0.08

Results

DDM Intrinsic Value / share$1.65
Current Price$5.49
Upside / Downside-70.0%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $1.55B
Current: 5.3×
Default: $213.02M

Results

Implied Equity Value / share$6.05
Current Price$5.49
Upside / Downside+10.2%
Implied EV$8.30B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.79B-$786.98M$213.02M$1.21B$2.21B
1.3x$2.90$2.15$1.40$0.65$-0.10
3.3x$5.22$4.47$3.73$2.98$2.23
5.3x$7.55$6.80$6.05$5.30$4.55
7.3x$9.87$9.12$8.37$7.63$6.88
9.3x$12.20$11.45$10.70$9.95$9.20