CSBR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($5.96)
DCF	$9.21	+54.5%
Graham Number	$1.07	-82.0%
Reverse DCF	—	implied g: 3.8%
DDM	—	—
EV/EBITDA	$6.07	+1.9%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $4.86M

Near-term growth (yrs 1–5)(%)Rev: 11.5% / EPS: -61.1%

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.09%

Computed WACC: 6.09%

Cost of equity (Re)6.49%(Rf 4.30% + β 0.40 × 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)93.86%

Debt weight (D/V)6.14%

Results

Intrinsic Value / share$17.14

Current Price$5.96

Upside / Downside+187.5%

Net Debt (used)-$3.10M

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

WACC \ Near-term	3.5%	7.5%	11.5%	15.5%	19.5%
7.0%	$9.63	$11.45	$13.55	$15.97	$18.74
8.0%	$7.86	$9.31	$10.99	$12.92	$15.12
9.0%	$6.64	$7.84	$9.22	$10.81	$12.63
10.0%	$5.74	$6.76	$7.93	$9.28	$10.81
11.0%	$5.06	$5.94	$6.95	$8.11	$9.42

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.17

Book Value / share($)Yahoo: $0.30

Results

Graham Number$1.07

Current Price$5.96

Margin of Safety-82.0%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.09%

Terminal growth rate(%)

Computed WACC: 6.09%

Cost of equity (Re)6.49%(Rf 4.30% + β 0.40 × 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)93.86%

Debt weight (D/V)6.14%

Results

Current Price$5.96

Implied Near-term FCF Growth-5.3%

Historical Revenue Growth11.5%

Historical Earnings Growth-61.1%

Base FCF (TTM)$4.86M

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$5.96

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $3.97M

Target EV/EBITDA multipleCurrent: 20.5×

Net Debt($B)Default: -$3.10M

Results

Implied Equity Value / share$6.07

Current Price$5.96

Upside / Downside+1.9%

Implied EV$81.25M

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

Mult \ Net Debt	-$2.00B	-$1.00B	-$3.10M	$996.90M	$2.00B
16.5x	$148.96	$76.94	$4.93	$-67.08	$-139.10
18.5x	$149.53	$77.52	$5.50	$-66.51	$-138.52
20.5x	$150.10	$78.09	$6.07	$-65.94	$-137.95
22.5x	$150.67	$78.66	$6.65	$-65.37	$-137.38
24.5x	$151.24	$79.23	$7.22	$-64.80	$-136.81

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