CMRE

CMRE — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($17.57)
DCF$-7.64-143.5%
Graham Number$34.70+97.5%
Reverse DCF
DDM$9.48-46.1%
EV/EBITDA$18.18+3.5%

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$-7.64
Current Price$17.57
Upside / Downside-143.5%
Net Debt (used)$920.64M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term143.6%147.6%151.6%155.6%159.6%
7.0%$-7.64$-7.64$-7.64$-7.64$-7.64
8.0%$-7.64$-7.64$-7.64$-7.64$-7.64
9.0%$-7.64$-7.64$-7.64$-7.64$-7.64
10.0%$-7.64$-7.64$-7.64$-7.64$-7.64
11.0%$-7.64$-7.64$-7.64$-7.64$-7.64

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $3.09
Yahoo: $17.32

Results

Graham Number$34.70
Current Price$17.57
Margin of Safety+97.5%
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$17.57
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: $0.46

Results

DDM Intrinsic Value / share$9.48
Current Price$17.57
Upside / Downside-46.1%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $582.12M
Current: 5.3×
Default: $920.64M

Results

Implied Equity Value / share$18.18
Current Price$17.57
Upside / Downside+3.5%
Implied EV$3.11B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.08B-$79.36M$920.64M$1.92B$2.92B
1.3x$15.45$7.15$-1.16$-9.46$-17.77
3.3x$25.12$16.81$8.51$0.21$-8.10
5.3x$34.78$26.48$18.18$9.87$1.57
7.3x$44.45$36.15$27.84$19.54$11.24
9.3x$54.12$45.82$37.51$29.21$20.90