CMBM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.31)
DCF	$0.65	-50.7%
Graham Number	—	—
Reverse DCF	—	implied g: 10.6%
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: $2.77M

Near-term growth (yrs 1–5)(%)Rev: 1.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 10.07%

Computed WACC: 10.07%

Cost of equity (Re)15.29%(Rf 4.30% + β 2.00 × ERP 5.50%)

Cost of debt (Rd)9.56%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)32.48%

Debt weight (D/V)67.52%

Results

Intrinsic Value / share$0.40

Current Price$1.31

Upside / Downside-69.5%

Net Debt (used)$30.42M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$0.66	$1.01	$1.42	$1.89	$2.44
8.0%	$0.35	$0.63	$0.96	$1.34	$1.78
9.0%	$0.14	$0.37	$0.65	$0.96	$1.32
10.0%	$-0.02	$0.18	$0.41	$0.68	$0.99
11.0%	$-0.14	$0.03	$0.24	$0.47	$0.74

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-3.54

Book Value / share($)Yahoo: $1.54

Results

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

Graham Number—

Current Price$1.31

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 10.07%

Terminal growth rate(%)

Computed WACC: 10.07%

Cost of equity (Re)15.29%(Rf 4.30% + β 2.00 × ERP 5.50%)

Cost of debt (Rd)9.56%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)32.48%

Debt weight (D/V)67.52%

Results

Current Price$1.31

Implied Near-term FCF Growth13.5%

Historical Revenue Growth1.6%

Historical Earnings Growth—

Base FCF (TTM)$2.77M

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$1.31

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$76.53M

Target EV/EBITDA multipleCurrent: -0.9×

Net Debt($B)Default: $30.42M

Results

Implied Equity Value / share$1.31

Current Price$1.31

Upside / Downside+0.0%

Implied EV$67.42M

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