CMU

CMU — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($3.61)
DCF$0.32-91.0%
Graham Number
Reverse DCFimplied g: 20.3%
DDM$3.91+8.4%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $3.38M
Rev: 0.5% / EPS: -19.0%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$0.32
Current Price$3.61
Upside / Downside-91.0%
Net Debt (used)$51.00M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$0.34$0.82$1.37$2.01$2.74
8.0%$-0.07$0.31$0.75$1.26$1.85
9.0%$-0.36$-0.04$0.32$0.75$1.24
10.0%$-0.57$-0.30$0.01$0.37$0.79
11.0%$-0.74$-0.50$-0.23$0.08$0.44

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.00
Yahoo: $3.79

Results

Graham Number requires positive EPS and positive Book Value per share. EPS is zero or negative.
Graham Number
Current Price$3.61
Margin of Safety
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$3.61
Implied Near-term FCF Growth20.3%
Historical Revenue Growth0.5%
Historical Earnings Growth-19.0%
Base FCF (TTM)$3.38M
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: $0.19

Results

DDM Intrinsic Value / share$3.91
Current Price$3.61
Upside / Downside+8.4%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $51.00M

Results

Implied Equity Value / share$-2.00
Current Price$3.61
Upside / Downside-155.4%
Implied EV$0