CBAT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.03)
DCF	$-151012640790254485504.00	-1.4661421435947038e+22%
Graham Number	—	—
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: -$9.11M

Near-term growth (yrs 1–5)(%)Rev: 36.5% / EPS: 15062.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.84%

Computed WACC: 8.84%

Cost of equity (Re)11.57%(Rf 4.30% + β 1.32 × ERP 5.50%)

Cost of debt (Rd)2.93%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)70.57%

Debt weight (D/V)29.43%

Results

Intrinsic Value / share$-156885957342545477632.00

Current Price$1.03

Upside / Downside-1.5231646343936453e+22%

Net Debt (used)$27.51M

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

WACC \ Near-term	15054.1%	15058.1%	15062.1%	15066.1%	15070.1%
7.0%	$-256951618203925020672.00	$-257290915557547540480.00	$-257630571242605936640.00	$-257970585542850543616.00	$-258310958742181412864.00
8.0%	$-193374456217649020928.00	$-193629801724758360064.00	$-193885416901881921536.00	$-194141301962562306048.00	$-194397457120454443008.00
9.0%	$-150619599398033719296.00	$-150818488324426432512.00	$-151017587297121533952.00	$-151216896482447654912.00	$-151416416046820884480.00
10.0%	$-120252921475987439616.00	$-120411712061963796480.00	$-120570670346444324864.00	$-120729796462223785984.00	$-120889090542166769664.00
11.0%	$-97818968403473203200.00	$-97948135588118216704.00	$-98077439186036850688.00	$-98206879305250127872.00	$-98336456053835956224.00

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.07

Book Value / share($)Yahoo: $1.37

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.

Graham Number—

Current Price$1.03

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.84%

Terminal growth rate(%)

Computed WACC: 8.84%

Cost of equity (Re)11.57%(Rf 4.30% + β 1.32 × ERP 5.50%)

Cost of debt (Rd)2.93%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)70.57%

Debt weight (D/V)29.43%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.03

Implied Near-term FCF Growth—

Historical Revenue Growth36.5%

Historical Earnings Growth15062.1%

Base FCF (TTM)-$9.11M

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$1.03

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$9.59M

Target EV/EBITDA multipleCurrent: -12.1×

Net Debt($B)Default: $27.51M

Results

Implied Equity Value / share$1.00

Current Price$1.03

Upside / Downside-3.2%

Implied EV$115.86M

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