CMRE-PD

CMRE-PD — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($27.99)
DCF$-8.26-129.5%
Graham Number$38.06+36.0%
Reverse DCF
DDM$45.11+61.2%
EV/EBITDA$30.97+10.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: -61.3% / EPS: 151.6%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-8.26
Current Price$27.99
Upside / Downside-129.5%
Net Debt (used)$920.64M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term143.6%147.6%151.6%155.6%159.6%
7.0%$-8.26$-8.26$-8.26$-8.26$-8.26
8.0%$-8.26$-8.26$-8.26$-8.26$-8.26
9.0%$-8.26$-8.26$-8.26$-8.26$-8.26
10.0%$-8.26$-8.26$-8.26$-8.26$-8.26
11.0%$-8.26$-8.26$-8.26$-8.26$-8.26

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $3.72
Yahoo: $17.32

Results

Graham Number$38.06
Current Price$27.99
Margin of Safety+36.0%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$27.99
Implied Near-term FCF Growth
Historical Revenue Growth-61.3%
Historical Earnings Growth151.6%
Base FCF (TTM)
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

Yahoo: $2.19

Results

DDM Intrinsic Value / share$45.11
Current Price$27.99
Upside / Downside+61.2%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $582.12M
Current: 7.5×
Default: $920.64M

Results

Implied Equity Value / share$30.97
Current Price$27.99
Upside / Downside+10.7%
Implied EV$4.37B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.08B-$79.36M$920.64M$1.92B$2.92B
3.5x$28.02$19.05$10.07$1.10$-7.87
5.5x$38.47$29.50$20.52$11.55$2.57
7.5x$48.92$39.94$30.97$22.00$13.02
9.5x$59.37$50.39$41.42$32.44$23.47
11.5x$69.81$60.84$51.87$42.89$33.92