CMTL — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.24)
DCF	$22.81	+335.3%
Graham Number	—	—
Reverse DCF	—	implied g: -9.9%
DDM	—	—
EV/EBITDA	$11.54	+120.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $50.74M

Near-term growth (yrs 1–5)(%)Rev: -4.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.73%

Computed WACC: 3.73%

Cost of equity (Re)9.93%(Rf 4.30% + β 1.02 × 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)37.55%

Debt weight (D/V)62.45%

Results

Intrinsic Value / share$153.24

Current Price$5.24

Upside / Downside+2824.4%

Net Debt (used)$214.66M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$23.07	$29.20	$36.33	$44.58	$54.09
8.0%	$17.68	$22.61	$28.34	$34.96	$42.59
9.0%	$13.94	$18.05	$22.81	$28.31	$34.63
10.0%	$11.20	$14.70	$18.76	$23.44	$28.81
11.0%	$9.09	$12.14	$15.66	$19.71	$24.36

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.33

Book Value / share($)Yahoo: $2.89

Results

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

Graham Number—

Current Price$5.24

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.73%

Terminal growth rate(%)

Computed WACC: 3.73%

Cost of equity (Re)9.93%(Rf 4.30% + β 1.02 × 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)37.55%

Debt weight (D/V)62.45%

Results

Current Price$5.24

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-4.1%

Historical Earnings Growth—

Base FCF (TTM)$50.74M

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$5.24

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $34.52M

Target EV/EBITDA multipleCurrent: 16.1×

Net Debt($B)Default: $214.66M

Results

Implied Equity Value / share$11.54

Current Price$5.24

Upside / Downside+120.3%

Implied EV$556.84M

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

Mult \ Net Debt	-$1.79B	-$785.34M	$214.66M	$1.21B	$2.21B
12.1x	$74.35	$40.62	$6.89	$-26.85	$-60.58
14.1x	$76.68	$42.95	$9.21	$-24.52	$-58.25
16.1x	$79.01	$45.28	$11.54	$-22.19	$-55.93
18.1x	$81.34	$47.61	$13.87	$-19.86	$-53.60
20.1x	$83.67	$49.94	$16.20	$-17.53	$-51.27

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