CURV — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.01)
DCF	$4.44	+337.1%
Graham Number	—	—
Reverse DCF	—	implied g: -3.6%
DDM	—	—
EV/EBITDA	$1.03	+1.5%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $48.65M

Near-term growth (yrs 1–5)(%)Rev: -10.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 2.38%

Computed WACC: 2.38%

Cost of equity (Re)12.58%(Rf 4.30% + β 1.51 × 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)18.93%

Debt weight (D/V)81.07%

Results

Intrinsic Value / share—

Current Price$1.01

Upside / Downside—

Net Debt (used)$414.02M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$4.51	$6.27	$8.31	$10.67	$13.40
8.0%	$2.97	$4.38	$6.02	$7.92	$10.10
9.0%	$1.89	$3.07	$4.44	$6.01	$7.82
10.0%	$1.11	$2.11	$3.28	$4.62	$6.15
11.0%	$0.51	$1.38	$2.39	$3.55	$4.88

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.02

Book Value / share($)Yahoo: $-2.08

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$1.01

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 2.38%

Terminal growth rate(%)

Computed WACC: 2.38%

Cost of equity (Re)12.58%(Rf 4.30% + β 1.51 × 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)18.93%

Debt weight (D/V)81.07%

Results

Current Price$1.01

Implied Near-term FCF Growth65.0%

Historical Revenue Growth-10.8%

Historical Earnings Growth—

Base FCF (TTM)$48.65M

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$1.01

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $60.16M

Target EV/EBITDA multipleCurrent: 8.6×

Net Debt($B)Default: $414.02M

Results

Implied Equity Value / share$1.03

Current Price$1.01

Upside / Downside+1.5%

Implied EV$516.20M

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

Mult \ Net Debt	-$1.59B	-$585.98M	$414.02M	$1.41B	$2.41B
4.6x	$18.77	$8.69	$-1.40	$-11.48	$-21.56
6.6x	$19.98	$9.90	$-0.18	$-10.26	$-20.34
8.6x	$21.19	$11.11	$1.03	$-9.05	$-19.13
10.6x	$22.40	$12.32	$2.24	$-7.84	$-17.92
12.6x	$23.62	$13.54	$3.46	$-6.63	$-16.71

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