CVGI — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($1.80)
DCF	$12.56	+597.6%
Graham Number	—	—
Reverse DCF	—	implied g: -14.7%
DDM	—	—
EV/EBITDA	$1.69	-6.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $32.86M

Near-term growth (yrs 1–5)(%)Rev: -11.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 4.56%

Computed WACC: 4.56%

Cost of equity (Re)14.69%(Rf 4.30% + β 1.89 × 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)31.02%

Debt weight (D/V)68.98%

Results

Intrinsic Value / share$46.84

Current Price$1.80

Upside / Downside+2502.2%

Net Debt (used)$115.71M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$12.69	$15.90	$19.62	$23.94	$28.90
8.0%	$9.87	$12.45	$15.45	$18.91	$22.89
9.0%	$7.92	$10.07	$12.56	$15.43	$18.73
10.0%	$6.49	$8.32	$10.44	$12.88	$15.69
11.0%	$5.39	$6.98	$8.82	$10.94	$13.37

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.47

Book Value / share($)Yahoo: $4.31

Results

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

Graham Number—

Current Price$1.80

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 4.56%

Terminal growth rate(%)

Computed WACC: 4.56%

Cost of equity (Re)14.69%(Rf 4.30% + β 1.89 × 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)31.02%

Debt weight (D/V)68.98%

Results

Current Price$1.80

Implied Near-term FCF Growth-20.0%

Historical Revenue Growth-11.2%

Historical Earnings Growth—

Base FCF (TTM)$32.86M

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$1.80

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $18.42M

Target EV/EBITDA multipleCurrent: 9.6×

Net Debt($B)Default: $115.71M

Results

Implied Equity Value / share$1.69

Current Price$1.80

Upside / Downside-6.3%

Implied EV$177.65M

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

Mult \ Net Debt	-$1.88B	-$884.29M	$115.71M	$1.12B	$2.12B
5.6x	$54.13	$26.90	$-0.32	$-27.54	$-54.77
7.6x	$55.13	$27.91	$0.68	$-26.54	$-53.77
9.6x	$56.14	$28.91	$1.69	$-25.54	$-52.76
11.6x	$57.14	$29.91	$2.69	$-24.54	$-51.76
13.6x	$58.14	$30.92	$3.69	$-23.53	$-50.76

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