CRMD — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($6.95)
DCF	$313518179.87	+4510987941.4%
Graham Number	$15.41	+121.7%
Reverse DCF	—	implied g: 18.5%
DDM	—	—
EV/EBITDA	$7.21	+3.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $16.70M

Near-term growth (yrs 1–5)(%)Rev: 810.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.53%

Computed WACC: 9.53%

Cost of equity (Re)12.12%(Rf 4.30% + β 1.42 × 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)78.62%

Debt weight (D/V)21.38%

Results

Intrinsic Value / share$277870707.93

Current Price$6.95

Upside / Downside+3998082056.1%

Net Debt (used)$93.20M

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

WACC \ Near-term	802.2%	806.2%	810.2%	814.2%	818.2%
7.0%	$509320671.41	$520711864.38	$532305967.20	$544105678.67	$556113721.44
8.0%	$384214123.68	$392807249.40	$401553443.33	$410454741.36	$419513197.36
9.0%	$299980278.10	$306689473.98	$313518179.87	$320467985.30	$327540493.87
10.0%	$240074802.41	$245444184.02	$250909209.68	$256471151.52	$262131292.88
11.0%	$195756637.82	$200134822.78	$204590995.73	$209126193.95	$213741463.88

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $2.21

Book Value / share($)Yahoo: $4.78

Results

Graham Number$15.41

Current Price$6.95

Margin of Safety+121.7%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.53%

Terminal growth rate(%)

Computed WACC: 9.53%

Cost of equity (Re)12.12%(Rf 4.30% + β 1.42 × 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)78.62%

Debt weight (D/V)21.38%

Results

Current Price$6.95

Implied Near-term FCF Growth20.1%

Historical Revenue Growth810.2%

Historical Earnings Growth—

Base FCF (TTM)$16.70M

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$6.95

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $108.20M

Target EV/EBITDA multipleCurrent: 6.1×

Net Debt($B)Default: $93.20M

Results

Implied Equity Value / share$7.21

Current Price$6.95

Upside / Downside+3.7%

Implied EV$661.32M

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

Mult \ Net Debt	-$1.91B	-$906.80M	$93.20M	$1.09B	$2.09B
2.1x	$27.10	$14.41	$1.72	$-10.97	$-23.67
4.1x	$29.85	$17.16	$4.46	$-8.23	$-20.92
6.1x	$32.59	$19.90	$7.21	$-5.48	$-18.17
8.1x	$35.34	$22.65	$9.96	$-2.73	$-15.43
10.1x	$38.09	$25.40	$12.70	$0.01	$-12.68

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