CVEO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($27.82)
DCF	$8.76	-68.5%
Graham Number	—	—
Reverse DCF	—	implied g: 14.6%
DDM	$20.60	-26.0%
EV/EBITDA	$27.82	+0.0%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $16.63M

Near-term growth (yrs 1–5)(%)Rev: -3.3% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.74%

Computed WACC: 4.74%

Cost of equity (Re)7.50%(Rf 4.30% + β 0.58 × 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)63.22%

Debt weight (D/V)36.78%

Results

Intrinsic Value / share$57.59

Current Price$27.82

Upside / Downside+107.0%

Net Debt (used)$191.13M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$8.98	$14.15	$20.16	$27.13	$35.15
8.0%	$4.43	$8.59	$13.42	$19.01	$25.44
9.0%	$1.27	$4.74	$8.76	$13.40	$18.73
10.0%	$-1.04	$1.91	$5.34	$9.29	$13.82
11.0%	$-2.82	$-0.25	$2.72	$6.15	$10.07

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-2.10

Book Value / share($)Yahoo: $15.68

Results

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

Graham Number—

Current Price$27.82

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.74%

Terminal growth rate(%)

Computed WACC: 4.74%

Cost of equity (Re)7.50%(Rf 4.30% + β 0.58 × 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)63.22%

Debt weight (D/V)36.78%

Results

Current Price$27.82

Implied Near-term FCF Growth-2.5%

Historical Revenue Growth-3.3%

Historical Earnings Growth—

Base FCF (TTM)$16.63M

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: $1.00

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$20.60

Current Price$27.82

Upside / Downside-26.0%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $68.90M

Target EV/EBITDA multipleCurrent: 7.4×

Net Debt($B)Default: $191.13M

Results

Implied Equity Value / share$27.82

Current Price$27.82

Upside / Downside+0.0%

Implied EV$511.51M

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

Mult \ Net Debt	-$1.81B	-$808.87M	$191.13M	$1.19B	$2.19B
3.4x	$177.57	$90.73	$3.89	$-82.95	$-169.79
5.4x	$189.54	$102.70	$15.86	$-70.99	$-157.83
7.4x	$201.51	$114.66	$27.82	$-59.02	$-145.86
9.4x	$213.47	$126.63	$39.79	$-47.05	$-133.89
11.4x	$225.44	$138.60	$51.76	$-35.09	$-121.93

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