CETX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.03)
DCF	$-28.94	-2909.6%
Graham Number	$130.19	+12540.2%
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$1.04	+0.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$8.20M

Near-term growth (yrs 1–5)(%)Rev: 17.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.46%

Computed WACC: 4.46%

Cost of equity (Re)11.70%(Rf 4.30% + β 1.35 × 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)38.09%

Debt weight (D/V)61.91%

Results

Intrinsic Value / share$-106.83

Current Price$1.03

Upside / Downside-10472.1%

Net Debt (used)-$3.75M

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

WACC \ Near-term	9.4%	13.4%	17.4%	21.4%	25.4%
7.0%	$-31.16	$-37.01	$-43.73	$-51.40	$-60.13
8.0%	$-24.99	$-29.64	$-34.97	$-41.05	$-47.96
9.0%	$-20.75	$-24.57	$-28.94	$-33.93	$-39.59
10.0%	$-17.65	$-20.87	$-24.55	$-28.74	$-33.50
11.0%	$-15.30	$-18.06	$-21.22	$-24.81	$-28.88

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $221.64

Book Value / share($)Yahoo: $3.40

Results

Graham Number$130.19

Current Price$1.03

Margin of Safety+12540.2%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.46%

Terminal growth rate(%)

Computed WACC: 4.46%

Cost of equity (Re)11.70%(Rf 4.30% + β 1.35 × 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)38.09%

Debt weight (D/V)61.91%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.03

Implied Near-term FCF Growth—

Historical Revenue Growth17.4%

Historical Earnings Growth—

Base FCF (TTM)-$8.20M

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: $1.86M

Target EV/EBITDA multipleCurrent: 3.6×

Net Debt($B)Default: -$3.75M

Results

Implied Equity Value / share$1.04

Current Price$1.03

Upside / Downside+0.5%

Implied EV$6.69M

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

Mult \ Net Debt	-$2.00B	-$1.00B	-$3.75M	$996.25M	$2.00B
-0.4x	$198.75	$99.52	$0.30	$-98.93	$-198.15
1.6x	$199.12	$99.89	$0.67	$-98.56	$-197.78
3.6x	$199.49	$100.26	$1.04	$-98.19	$-197.41
5.6x	$199.85	$100.63	$1.40	$-97.82	$-197.05
7.6x	$200.22	$101.00	$1.77	$-97.45	$-196.68

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