CTO-PA

CTO-PA — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($20.97)
DCF$-20072481.79-95720089.5%
Graham Number$35.48+69.2%
Reverse DCFimplied g: 7.9%
DDM$32.75+56.2%
EV/EBITDA$682843171.00+3256285884.7%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $29.39M
Rev: 7.3% / EPS: —
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-21038862.59
Current Price$20.97
Upside / Downside-100328486.2%
Net Debt (used)$610.51M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term-0.7%3.3%7.3%11.3%15.3%
7.0%$-8359674.10$111589040.83$250754535.27$411406946.96$595989954.32
8.0%$-117768770.11$-21498553.38$90042424.28$218649588.43$366255239.79
9.0%$-193478065.92$-113536014.52$-21038862.59$85482503.68$207608889.26
10.0%$-248971245.93$-180950282.80$-102352434.05$-11945969.89$91594225.66
11.0%$-291386373.75$-232437423.23$-164413264.74$-86262103.69$3147378.81

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $3.19
Yahoo: $17.52

Results

Graham Number$35.48
Current Price$20.97
Margin of Safety+69.2%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$20.97
Implied Near-term FCF Growth7.9%
Historical Revenue Growth7.3%
Historical Earnings Growth
Base FCF (TTM)$29.39M
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

Yahoo: $1.59

Results

DDM Intrinsic Value / share$32.75
Current Price$20.97
Upside / Downside+56.2%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $92.02M
Current: 14.1×
Default: $610.51M

Results

Implied Equity Value / share$682843171.00
Current Price$20.97
Upside / Downside+3256285884.7%
Implied EV$1.29B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.39B-$389.49M$610.51M$1.61B$2.61B
10.1x$2314759171.00$1314759171.00$314759171.00$-685240829.00$-1685240829.00
12.1x$2498801171.00$1498801171.00$498801171.00$-501198829.00$-1501198829.00
14.1x$2682843171.00$1682843171.00$682843171.00$-317156829.00$-1317156829.00
16.1x$2866885171.00$1866885171.00$866885171.00$-133114829.00$-1133114829.00
18.1x$3050927171.00$2050927171.00$1050927171.00$50927171.00$-949072829.00