CNOB — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($26.69)
DCF	$-14.77	-155.3%
Graham Number	$32.70	+22.5%
Reverse DCF	—	—
DDM	$14.83	-44.4%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: —

Near-term growth (yrs 1–5)(%)Rev: 59.7% / EPS: 53.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.18%

Computed WACC: 8.18%

Cost of equity (Re)10.43%(Rf 4.30% + β 1.11 × ERP 5.50%)

Cost of debt (Rd)7.00%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)54.09%

Debt weight (D/V)45.91%

Results

Intrinsic Value / share$-14.77

Current Price$26.69

Upside / Downside-155.3%

Net Debt (used)$742.56M

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

WACC \ Near-term	51.7%	55.7%	59.7%	63.7%	67.7%
7.0%	$-14.77	$-14.77	$-14.77	$-14.77	$-14.77
8.0%	$-14.77	$-14.77	$-14.77	$-14.77	$-14.77
9.0%	$-14.77	$-14.77	$-14.77	$-14.77	$-14.77
10.0%	$-14.77	$-14.77	$-14.77	$-14.77	$-14.77
11.0%	$-14.77	$-14.77	$-14.77	$-14.77	$-14.77

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.63

Book Value / share($)Yahoo: $29.15

Results

Graham Number$32.70

Current Price$26.69

Margin of Safety+22.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.18%

Terminal growth rate(%)

Computed WACC: 8.18%

Cost of equity (Re)10.43%(Rf 4.30% + β 1.11 × ERP 5.50%)

Cost of debt (Rd)7.00%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)54.09%

Debt weight (D/V)45.91%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$26.69

Implied Near-term FCF Growth—

Historical Revenue Growth59.7%

Historical Earnings Growth53.1%

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

Annual dividend D0($/share)Yahoo: $0.72

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$14.83

Current Price$26.69

Upside / Downside-44.4%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: $742.56M

Results

Implied Equity Value / share$-14.77

Current Price$26.69

Upside / Downside-155.3%

Implied EV$0

← Overview Financial Statements ← Companies