CGTX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.03)
DCF	$-5.59	-642.2%
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: -$30.30M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 11.13%

Computed WACC: 11.13%

Cost of equity (Re)11.18%(Rf 4.30% + β 1.25 × 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)99.58%

Debt weight (D/V)0.42%

Results

Intrinsic Value / share$-4.08

Current Price$1.03

Upside / Downside-496.2%

Net Debt (used)-$38.95M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-5.64	$-6.87	$-8.30	$-9.95	$-11.86
8.0%	$-4.56	$-5.54	$-6.69	$-8.02	$-9.55
9.0%	$-3.81	$-4.63	$-5.59	$-6.69	$-7.96
10.0%	$-3.26	$-3.96	$-4.77	$-5.71	$-6.79
11.0%	$-2.83	$-3.45	$-4.15	$-4.96	$-5.90

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.47

Book Value / share($)Yahoo: $0.41

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: 11.13%

Terminal growth rate(%)

Computed WACC: 11.13%

Cost of equity (Re)11.18%(Rf 4.30% + β 1.25 × 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)99.58%

Debt weight (D/V)0.42%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$1.03

Implied Near-term FCF Growth—

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)-$30.30M

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: -$44.80M

Target EV/EBITDA multipleCurrent: -1.2×

Net Debt($B)Default: -$38.95M

Results

Implied Equity Value / share$1.06

Current Price$1.03

Upside / Downside+2.9%

Implied EV$54.61M

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