COSM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($0.40)
DCF	$-16.33	-4152.0%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$5.31M

Near-term growth (yrs 1–5)(%)Rev: 37.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 22.75%

Computed WACC: 22.75%

Cost of equity (Re)28.91%(Rf 4.30% + β 4.47 × ERP 5.50%)

Cost of debt (Rd)23.23%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)41.66%

Debt weight (D/V)58.34%

Results

Intrinsic Value / share$-3.82

Current Price$0.40

Upside / Downside-1047.3%

Net Debt (used)$20.15M

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

WACC \ Near-term	29.9%	33.9%	37.9%	41.9%	45.9%
7.0%	$-18.93	$-21.87	$-25.18	$-28.89	$-33.04
8.0%	$-15.02	$-17.32	$-19.90	$-22.80	$-26.05
9.0%	$-12.34	$-14.20	$-16.30	$-18.65	$-21.27
10.0%	$-10.40	$-11.95	$-13.69	$-15.64	$-17.81
11.0%	$-8.94	$-10.25	$-11.72	$-13.37	$-15.21

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.77

Book Value / share($)Yahoo: $0.73

Results

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

Graham Number—

Current Price$0.40

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 22.75%

Terminal growth rate(%)

Computed WACC: 22.75%

Cost of equity (Re)28.91%(Rf 4.30% + β 4.47 × ERP 5.50%)

Cost of debt (Rd)23.23%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)41.66%

Debt weight (D/V)58.34%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$0.40

Implied Near-term FCF Growth—

Historical Revenue Growth37.9%

Historical Earnings Growth—

Base FCF (TTM)-$5.31M

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$0.40

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$12.62M

Target EV/EBITDA multipleCurrent: -2.7×

Net Debt($B)Default: $20.15M

Results

Implied Equity Value / share$0.37

Current Price$0.40

Upside / Downside-8.7%

Implied EV$33.89M

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