CRD-B

CRD-B — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($10.09)
DCF$39.20+288.5%
Graham Number$7.20-28.7%
Reverse DCFimplied g: -9.8%
DDM$6.18-38.8%
EV/EBITDA$25.62+154.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $54.43M
Rev: -10.6% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$39.20
Current Price$10.09
Upside / Downside+288.5%
Net Debt (used)$206.19M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-3.0%1.0%5.0%9.0%13.0%
7.0%$39.63$49.82$61.68$75.40$91.21
8.0%$30.66$38.86$48.39$59.41$72.08
9.0%$24.44$31.27$39.20$48.34$58.85
10.0%$19.88$25.70$32.46$40.24$49.17
11.0%$16.38$21.45$27.30$34.05$41.77

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.65
Yahoo: $3.54

Results

Graham Number$7.20
Current Price$10.09
Margin of Safety-28.7%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$10.09
Implied Near-term FCF Growth-9.8%
Historical Revenue Growth-10.6%
Historical Earnings Growth
Base FCF (TTM)$54.43M
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: $0.30

Results

DDM Intrinsic Value / share$6.18
Current Price$10.09
Upside / Downside-38.8%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $112.97M
Current: 6.2×
Default: $206.19M

Results

Implied Equity Value / share$25.62
Current Price$10.09
Upside / Downside+154.0%
Implied EV$696.09M
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.79B-$793.81M$206.19M$1.21B$2.21B
2.2x$106.60$54.29$1.99$-50.32$-102.62
4.2x$118.42$66.11$13.81$-38.50$-90.80
6.2x$130.23$77.93$25.62$-26.68$-78.99
8.2x$142.05$89.75$37.44$-14.86$-67.17
10.2x$153.87$101.56$49.26$-3.05$-55.35