CRNC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($7.60)
DCF	$6799.93	+89372.7%
Graham Number	$1.23	-83.9%
Reverse DCF	—	implied g: -9.1%
DDM	—	—
EV/EBITDA	$7.75	+2.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $57.13M

Near-term growth (yrs 1–5)(%)Rev: 126.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.40%

Computed WACC: 12.40%

Cost of equity (Re)19.23%(Rf 4.30% + β 2.71 × 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)64.49%

Debt weight (D/V)35.51%

Results

Intrinsic Value / share$3583.00

Current Price$7.60

Upside / Downside+47044.8%

Net Debt (used)$93.75M

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

WACC \ Near-term	118.1%	122.1%	126.1%	130.1%	134.1%
7.0%	$9363.38	$10252.93	$11208.86	$12234.81	$13334.56
8.0%	$7163.22	$7843.51	$8574.55	$9359.12	$10200.12
9.0%	$5672.77	$6211.31	$6790.01	$7411.08	$8076.80
10.0%	$4605.64	$5042.70	$5512.34	$6016.36	$6556.60
11.0%	$3810.43	$4171.88	$4560.26	$4977.06	$5423.81

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.02

Book Value / share($)Yahoo: $3.34

Results

Graham Number$1.23

Current Price$7.60

Margin of Safety-83.9%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.40%

Terminal growth rate(%)

Computed WACC: 12.40%

Cost of equity (Re)19.23%(Rf 4.30% + β 2.71 × 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)64.49%

Debt weight (D/V)35.51%

Results

Current Price$7.60

Implied Near-term FCF Growth-2.6%

Historical Revenue Growth126.1%

Historical Earnings Growth—

Base FCF (TTM)$57.13M

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$7.60

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $63.39M

Target EV/EBITDA multipleCurrent: 7.0×

Net Debt($B)Default: $93.75M

Results

Implied Equity Value / share$7.75

Current Price$7.60

Upside / Downside+2.0%

Implied EV$442.66M

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

Mult \ Net Debt	-$1.91B	-$906.25M	$93.75M	$1.09B	$2.09B
3.0x	$46.54	$24.33	$2.12	$-20.10	$-42.31
5.0x	$49.36	$27.15	$4.93	$-17.28	$-39.49
7.0x	$52.18	$29.96	$7.75	$-14.46	$-36.68
9.0x	$54.99	$32.78	$10.57	$-11.65	$-33.86
11.0x	$57.81	$35.60	$13.38	$-8.83	$-31.04

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