CRMT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($20.30)
DCF	$-133.11	-755.7%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	$19.95	-1.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$15.02M

Near-term growth (yrs 1–5)(%)Rev: 0.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 1.56%

Computed WACC: 1.56%

Cost of equity (Re)10.47%(Rf 4.30% + β 1.12 × 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)14.89%

Debt weight (D/V)85.11%

Results

Intrinsic Value / share—

Current Price$20.30

Upside / Downside—

Net Debt (used)$840.40M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-133.38	$-139.86	$-147.40	$-156.13	$-166.19
8.0%	$-127.67	$-132.89	$-138.95	$-145.96	$-154.02
9.0%	$-123.72	$-128.07	$-133.11	$-138.92	$-145.61
10.0%	$-120.82	$-124.52	$-128.82	$-133.77	$-139.45
11.0%	$-118.60	$-121.82	$-125.54	$-129.83	$-134.74

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.63

Book Value / share($)Yahoo: $66.92

Results

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

Graham Number—

Current Price$20.30

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 1.56%

Terminal growth rate(%)

Computed WACC: 1.56%

Cost of equity (Re)10.47%(Rf 4.30% + β 1.12 × 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)14.89%

Debt weight (D/V)85.11%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$20.30

Implied Near-term FCF Growth—

Historical Revenue Growth0.8%

Historical Earnings Growth—

Base FCF (TTM)-$15.02M

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$20.30

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $65.38M

Target EV/EBITDA multipleCurrent: 15.4×

Net Debt($B)Default: $840.40M

Results

Implied Equity Value / share$19.95

Current Price$20.30

Upside / Downside-1.7%

Implied EV$1.01B

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

Mult \ Net Debt	-$1.16B	-$159.60M	$840.40M	$1.84B	$2.84B
11.4x	$229.54	$108.98	$-11.58	$-132.14	$-252.69
13.4x	$245.30	$124.74	$4.19	$-116.37	$-236.93
15.4x	$261.06	$140.51	$19.95	$-100.61	$-221.16
17.4x	$276.83	$156.27	$35.71	$-84.84	$-205.40
19.4x	$292.59	$172.04	$51.48	$-69.08	$-189.64

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