BV — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($13.40)
DCF	$-2.47	-118.5%
Graham Number	$4.57	-65.9%
Reverse DCF	—	implied g: 25.7%
DDM	—	—
EV/EBITDA	$18.78	+40.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $37.45M

Near-term growth (yrs 1–5)(%)Rev: 2.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.71%

Computed WACC: 8.71%

Cost of equity (Re)11.20%(Rf 4.30% + β 1.25 × ERP 5.50%)

Cost of debt (Rd)6.74%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)57.64%

Debt weight (D/V)42.36%

Results

Intrinsic Value / share$-2.14

Current Price$13.40

Upside / Downside-116.0%

Net Debt (used)$890.50M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-2.41	$-0.99	$0.67	$2.58	$4.79
8.0%	$-3.67	$-2.52	$-1.19	$0.35	$2.12
9.0%	$-4.53	$-3.58	$-2.47	$-1.20	$0.27
10.0%	$-5.17	$-4.36	$-3.41	$-2.33	$-1.08
11.0%	$-5.66	$-4.95	$-4.13	$-3.19	$-2.11

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.07

Book Value / share($)Yahoo: $13.27

Results

Graham Number$4.57

Current Price$13.40

Margin of Safety-65.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.71%

Terminal growth rate(%)

Computed WACC: 8.71%

Cost of equity (Re)11.20%(Rf 4.30% + β 1.25 × ERP 5.50%)

Cost of debt (Rd)6.74%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)57.64%

Debt weight (D/V)42.36%

Results

Current Price$13.40

Implied Near-term FCF Growth24.8%

Historical Revenue Growth2.6%

Historical Earnings Growth—

Base FCF (TTM)$37.45M

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$13.40

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $336.30M

Target EV/EBITDA multipleCurrent: 7.9×

Net Debt($B)Default: $890.50M

Results

Implied Equity Value / share$18.78

Current Price$13.40

Upside / Downside+40.2%

Implied EV$2.66B

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

Mult \ Net Debt	-$1.11B	-$109.50M	$890.50M	$1.89B	$2.89B
3.9x	$25.73	$15.12	$4.50	$-6.11	$-16.73
5.9x	$32.87	$22.26	$11.64	$1.03	$-9.59
7.9x	$40.01	$29.40	$18.78	$8.17	$-2.45
9.9x	$47.15	$36.54	$25.92	$15.31	$4.69
11.9x	$54.29	$43.68	$33.06	$22.45	$11.83

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