CTEV — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($14.43)
DCF	$-89.86	-722.7%
Graham Number	—	—
Reverse DCF	—	implied g: 13.8%
DDM	—	—
EV/EBITDA	$14.87	+3.1%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $165.65M

Near-term growth (yrs 1–5)(%)Rev: 6.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 0.35%

Computed WACC: 0.35%

Cost of equity (Re)7.19%(Rf 4.30% + β 0.53 × 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)4.91%

Debt weight (D/V)95.09%

Results

Intrinsic Value / share—

Current Price$14.43

Upside / Downside—

Net Debt (used)$4.61B

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

WACC \ Near-term	-1.8%	2.2%	6.2%	10.2%	14.2%
7.0%	$-86.94	$-48.47	$-3.77	$47.89	$107.32
8.0%	$-121.45	$-90.53	$-54.66	$-13.26	$34.32
9.0%	$-145.35	$-119.64	$-89.86	$-55.53	$-16.12
10.0%	$-162.87	$-140.97	$-115.64	$-86.47	$-53.03
11.0%	$-176.28	$-157.28	$-135.33	$-110.09	$-81.18

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-22.40

Book Value / share($)Yahoo: $-10.51

Results

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

Graham Number—

Current Price$14.43

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 0.35%

Terminal growth rate(%)

Computed WACC: 0.35%

Cost of equity (Re)7.19%(Rf 4.30% + β 0.53 × 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)4.91%

Debt weight (D/V)95.09%

Results

Current Price$14.43

Implied Near-term FCF Growth65.0%

Historical Revenue Growth6.2%

Historical Earnings Growth—

Base FCF (TTM)$165.65M

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$14.43

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $535.44M

Target EV/EBITDA multipleCurrent: 9.1×

Net Debt($B)Default: $4.61B

Results

Implied Equity Value / share$14.87

Current Price$14.43

Upside / Downside+3.1%

Implied EV$4.85B

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

Mult \ Net Debt	$2.61B	$3.61B	$4.61B	$5.61B	$6.61B
5.1x	$6.29	$-54.22	$-114.73	$-175.24	$-235.75
7.1x	$71.09	$10.58	$-49.93	$-110.44	$-170.95
9.1x	$135.90	$75.38	$14.87	$-45.64	$-106.15
11.1x	$200.70	$140.18	$79.67	$19.16	$-41.35
13.1x	$265.50	$204.99	$144.47	$83.96	$23.45

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