CVGW — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($26.81)
DCF	$20.46	-23.7%
Graham Number	$17.01	-36.5%
Reverse DCF	—	implied g: 10.1%
DDM	$16.48	-38.5%
EV/EBITDA	$26.90	+0.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $18.68M

Near-term growth (yrs 1–5)(%)Rev: -26.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 6.19%

Computed WACC: 6.19%

Cost of equity (Re)6.49%(Rf 4.30% + β 0.40 × 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)95.33%

Debt weight (D/V)4.67%

Results

Intrinsic Value / share$34.60

Current Price$26.81

Upside / Downside+29.1%

Net Debt (used)-$37.69M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$20.61	$24.36	$28.71	$33.75	$39.55
8.0%	$17.32	$20.33	$23.83	$27.88	$32.53
9.0%	$15.04	$17.55	$20.46	$23.81	$27.67
10.0%	$13.36	$15.50	$17.98	$20.84	$24.12
11.0%	$12.08	$13.94	$16.09	$18.57	$21.40

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $1.11

Book Value / share($)Yahoo: $11.59

Results

Graham Number$17.01

Current Price$26.81

Margin of Safety-36.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 6.19%

Terminal growth rate(%)

Computed WACC: 6.19%

Cost of equity (Re)6.49%(Rf 4.30% + β 0.40 × 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)95.33%

Debt weight (D/V)4.67%

Results

Current Price$26.81

Implied Near-term FCF Growth0.7%

Historical Revenue Growth-26.6%

Historical Earnings Growth—

Base FCF (TTM)$18.68M

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: $0.80

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$16.48

Current Price$26.81

Upside / Downside-38.5%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $27.09M

Target EV/EBITDA multipleCurrent: 16.4×

Net Debt($B)Default: -$37.69M

Results

Implied Equity Value / share$26.90

Current Price$26.81

Upside / Downside+0.3%

Implied EV$443.12M

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

Mult \ Net Debt	-$2.04B	-$1.04B	-$37.69M	$962.31M	$1.96B
12.4x	$132.73	$76.78	$20.84	$-35.11	$-91.06
14.4x	$135.76	$79.82	$23.87	$-32.08	$-88.03
16.4x	$138.79	$82.85	$26.90	$-29.05	$-84.99
18.4x	$141.83	$85.88	$29.93	$-26.02	$-81.96
20.4x	$144.86	$88.91	$32.96	$-22.98	$-78.93

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