CLFD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($31.63)
DCF	$58.97	+86.4%
Graham Number	$13.51	-57.3%
Reverse DCF	—	implied g: 3.0%
DDM	—	—
EV/EBITDA	$31.44	-0.6%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $22.12M

Near-term growth (yrs 1–5)(%)Rev: 15.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 14.73%

Computed WACC: 14.73%

Cost of equity (Re)15.00%(Rf 4.30% + β 1.95 × 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)98.19%

Debt weight (D/V)1.81%

Results

Intrinsic Value / share$32.01

Current Price$31.63

Upside / Downside+1.2%

Net Debt (used)-$88.36M

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

WACC \ Near-term	7.6%	11.6%	15.6%	19.6%	23.6%
7.0%	$62.47	$73.00	$85.11	$98.97	$114.76
8.0%	$51.63	$60.01	$69.63	$80.63	$93.16
9.0%	$44.16	$51.06	$58.97	$68.01	$78.29
10.0%	$38.72	$44.54	$51.20	$58.82	$67.47
11.0%	$34.58	$39.58	$45.30	$51.83	$59.25

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.45

Book Value / share($)Yahoo: $18.04

Results

Graham Number$13.51

Current Price$31.63

Margin of Safety-57.3%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 14.73%

Terminal growth rate(%)

Computed WACC: 14.73%

Cost of equity (Re)15.00%(Rf 4.30% + β 1.95 × 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)98.19%

Debt weight (D/V)1.81%

Results

Current Price$31.63

Implied Near-term FCF Growth15.3%

Historical Revenue Growth15.6%

Historical Earnings Growth—

Base FCF (TTM)$22.12M

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$31.63

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $8.56M

Target EV/EBITDA multipleCurrent: 39.9×

Net Debt($B)Default: -$88.36M

Results

Implied Equity Value / share$31.44

Current Price$31.63

Upside / Downside-0.6%

Implied EV$341.91M

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

Mult \ Net Debt	-$2.09B	-$1.09B	-$88.36M	$911.64M	$1.91B
35.9x	$175.08	$102.01	$28.94	$-44.13	$-117.20
37.9x	$176.33	$103.26	$30.19	$-42.88	$-115.95
39.9x	$177.58	$104.51	$31.44	$-41.63	$-114.70
41.9x	$178.83	$105.76	$32.69	$-40.38	$-113.45
43.9x	$180.08	$107.01	$33.94	$-39.13	$-112.20

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