BTO

BTO — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($35.92)
DCF$-2.73-107.6%
Graham Number$77.80+116.6%
Reverse DCFimplied g: 52.5%
DDM$53.56+49.1%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $3.59M
Rev: 8.2% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-2.73
Current Price$35.92
Upside / Downside-107.6%
Net Debt (used)$130.00M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term0.2%4.2%8.2%12.2%16.2%
7.0%$-2.62$-1.84$-0.94$0.11$1.30
8.0%$-3.35$-2.72$-2.00$-1.16$-0.20
9.0%$-3.85$-3.33$-2.73$-2.04$-1.24
10.0%$-4.21$-3.77$-3.26$-2.68$-2.01
11.0%$-4.49$-4.11$-3.67$-3.16$-2.58

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $7.95
Yahoo: $33.84

Results

Graham Number$77.80
Current Price$35.92
Margin of Safety+116.6%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$35.92
Implied Near-term FCF Growth52.5%
Historical Revenue Growth8.2%
Historical Earnings Growth
Base FCF (TTM)$3.59M
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: $2.60

Results

DDM Intrinsic Value / share$53.56
Current Price$35.92
Upside / Downside+49.1%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $130.00M

Results

Implied Equity Value / share$-6.57
Current Price$35.92
Upside / Downside-118.3%
Implied EV$0