CREX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.74)
DCF	$-23.17	-719.5%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$3.74	-0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$12.53M

Near-term growth (yrs 1–5)(%)Rev: -27.0% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.72%

Computed WACC: 7.72%

Cost of equity (Re)12.42%(Rf 4.30% + β 1.48 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)62.14%

Debt weight (D/V)37.86%

Results

Intrinsic Value / share$-28.36

Current Price$3.74

Upside / Downside-858.3%

Net Debt (used)$23.65M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-23.35	$-27.62	$-32.58	$-38.33	$-44.94
8.0%	$-19.59	$-23.03	$-27.02	$-31.63	$-36.93
9.0%	$-16.99	$-19.85	$-23.17	$-27.00	$-31.40
10.0%	$-15.08	$-17.52	$-20.35	$-23.61	$-27.34
11.0%	$-13.62	$-15.74	$-18.19	$-21.01	$-24.25

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.88

Book Value / share($)Yahoo: $2.08

Results

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

Graham Number—

Current Price$3.74

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.72%

Terminal growth rate(%)

Computed WACC: 7.72%

Cost of equity (Re)12.42%(Rf 4.30% + β 1.48 × ERP 5.50%)

Cost of debt (Rd)0.00%(no debt / unavailable → 0%)

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

Equity weight (E/V)62.14%

Debt weight (D/V)37.86%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.74

Implied Near-term FCF Growth—

Historical Revenue Growth-27.0%

Historical Earnings Growth—

Base FCF (TTM)-$12.53M

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$3.74

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $1.25M

Target EV/EBITDA multipleCurrent: 50.5×

Net Debt($B)Default: $23.65M

Results

Implied Equity Value / share$3.74

Current Price$3.74

Upside / Downside-0.0%

Implied EV$62.99M

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.98B	-$976.35M	$23.65M	$1.02B	$2.02B
46.5x	$193.40	$98.33	$3.27	$-91.80	$-186.87
48.5x	$193.64	$98.57	$3.50	$-91.56	$-186.63
50.5x	$193.87	$98.81	$3.74	$-91.33	$-186.39
52.5x	$194.11	$99.04	$3.98	$-91.09	$-186.16
54.5x	$194.35	$99.28	$4.21	$-90.85	$-185.92

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