CALY — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($14.20)
DCF	$-19.52	-237.4%
Graham Number	$7.98	-43.8%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$14.20	+0.0%

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: -60.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.56%

Computed WACC: 3.56%

Cost of equity (Re)9.63%(Rf 4.30% + β 0.97 × 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)36.96%

Debt weight (D/V)63.04%

Results

Intrinsic Value / share$-19.52

Current Price$14.20

Upside / Downside-237.4%

Net Debt (used)$3.59B

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-19.52	$-19.52	$-19.52	$-19.52	$-19.52
8.0%	$-19.52	$-19.52	$-19.52	$-19.52	$-19.52
9.0%	$-19.52	$-19.52	$-19.52	$-19.52	$-19.52
10.0%	$-19.52	$-19.52	$-19.52	$-19.52	$-19.52
11.0%	$-19.52	$-19.52	$-19.52	$-19.52	$-19.52

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.21

Book Value / share($)Yahoo: $13.46

Results

Graham Number$7.98

Current Price$14.20

Margin of Safety-43.8%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.56%

Terminal growth rate(%)

Computed WACC: 3.56%

Cost of equity (Re)9.63%(Rf 4.30% + β 0.97 × 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)36.96%

Debt weight (D/V)63.04%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$14.20

Implied Near-term FCF Growth—

Historical Revenue Growth-60.2%

Historical Earnings Growth—

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$14.20

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $399.47M

Target EV/EBITDA multipleCurrent: 15.5×

Net Debt($B)Default: $3.59B

Results

Implied Equity Value / share$14.20

Current Price$14.20

Upside / Downside+0.0%

Implied EV$6.20B

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

Mult \ Net Debt	$1.59B	$2.59B	$3.59B	$4.59B	$5.59B
11.5x	$16.39	$10.95	$5.51	$0.07	$-5.37
13.5x	$20.73	$15.29	$9.86	$4.42	$-1.02
15.5x	$25.08	$19.64	$14.20	$8.76	$3.32
17.5x	$29.42	$23.98	$18.55	$13.11	$7.67
19.5x	$33.77	$28.33	$22.89	$17.45	$12.01

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