CREG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.22)
DCF	$65.57	+5274.3%
Graham Number	—	—
Reverse DCF	—	implied g: -20.0%
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: $70.38M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.83%

Computed WACC: 5.83%

Cost of equity (Re)6.15%(Rf 4.30% + β 0.34 × ERP 5.50%)

Cost of debt (Rd)4.00%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)89.05%

Debt weight (D/V)10.95%

Results

Intrinsic Value / share$122.79

Current Price$1.22

Upside / Downside+9965.0%

Net Debt (used)-$128.76M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$66.08	$78.19	$92.28	$108.58	$127.37
8.0%	$55.42	$65.17	$76.49	$89.58	$104.63
9.0%	$48.04	$56.15	$65.57	$76.43	$88.92
10.0%	$42.61	$49.54	$57.56	$66.80	$77.41
11.0%	$38.46	$44.48	$51.44	$59.45	$68.63

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.86

Book Value / share($)Yahoo: $33.70

Results

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

Graham Number—

Current Price$1.22

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.83%

Terminal growth rate(%)

Computed WACC: 5.83%

Cost of equity (Re)6.15%(Rf 4.30% + β 0.34 × ERP 5.50%)

Cost of debt (Rd)4.00%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)89.05%

Debt weight (D/V)10.95%

Results

Current Price$1.22

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)$70.38M

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

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$1.22

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$2.72M

Target EV/EBITDA multipleCurrent: 38.0×

Net Debt($B)Default: -$128.76M

Results

Implied Equity Value / share$1.22

Current Price$1.22

Upside / Downside+0.0%

Implied EV-$103.37M

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