CRNX — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($40.50)
DCF	$-25.88	-163.9%
Graham Number	—	—
Reverse DCF	—	—
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: -$206.91M

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

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.54%

Computed WACC: 5.54%

Cost of equity (Re)5.61%(Rf 4.30% + β 0.24 × 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)98.84%

Debt weight (D/V)1.16%

Results

Intrinsic Value / share$-66.72

Current Price$40.50

Upside / Downside-264.7%

Net Debt (used)-$979.35M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-26.19	$-33.41	$-41.82	$-51.55	$-62.76
8.0%	$-19.83	$-25.64	$-32.40	$-40.21	$-49.20
9.0%	$-15.42	$-20.26	$-25.88	$-32.37	$-39.82
10.0%	$-12.19	$-16.32	$-21.10	$-26.62	$-32.95
11.0%	$-9.71	$-13.30	$-17.45	$-22.23	$-27.71

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-4.53

Book Value / share($)Yahoo: $10.38

Results

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

Graham Number—

Current Price$40.50

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.54%

Terminal growth rate(%)

Computed WACC: 5.54%

Cost of equity (Re)5.61%(Rf 4.30% + β 0.24 × 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)98.84%

Debt weight (D/V)1.16%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$40.50

Implied Near-term FCF Growth—

Historical Revenue Growth—

Historical Earnings Growth—

Base FCF (TTM)-$206.91M

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$40.50

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$512.88M

Target EV/EBITDA multipleCurrent: -6.4×

Net Debt($B)Default: -$979.35M

Results

Implied Equity Value / share$41.55

Current Price$40.50

Upside / Downside+2.6%

Implied EV$3.28B

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