BWB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($18.20)
DCF	$-13.01	-171.5%
Graham Number	$23.33	+28.2%
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: —

Near-term growth (yrs 1–5)(%)Rev: 36.8% / EPS: 65.7%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.79%

Computed WACC: 3.79%

Cost of equity (Re)7.69%(Rf 4.30% + β 0.62 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)49.30%

Debt weight (D/V)50.70%

Results

Intrinsic Value / share$-13.01

Current Price$18.20

Upside / Downside-171.5%

Net Debt (used)$361.07M

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

WACC \ Near-term	57.7%	61.7%	65.7%	69.7%	73.7%
7.0%	$-13.01	$-13.01	$-13.01	$-13.01	$-13.01
8.0%	$-13.01	$-13.01	$-13.01	$-13.01	$-13.01
9.0%	$-13.01	$-13.01	$-13.01	$-13.01	$-13.01
10.0%	$-13.01	$-13.01	$-13.01	$-13.01	$-13.01
11.0%	$-13.01	$-13.01	$-13.01	$-13.01	$-13.01

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.49

Book Value / share($)Yahoo: $16.23

Results

Graham Number$23.33

Current Price$18.20

Margin of Safety+28.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.79%

Terminal growth rate(%)

Computed WACC: 3.79%

Cost of equity (Re)7.69%(Rf 4.30% + β 0.62 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)49.30%

Debt weight (D/V)50.70%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$18.20

Implied Near-term FCF Growth—

Historical Revenue Growth36.8%

Historical Earnings Growth65.7%

Base FCF (TTM)—

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$18.20

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $361.07M

Results

Implied Equity Value / share$-13.01

Current Price$18.20

Upside / Downside-171.5%

Implied EV$0

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