CYTK — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($61.43)
DCF	$-59.06	-196.1%
Graham Number	—	—
Reverse DCF	—	—
DDM	—	—
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$379.62M

Near-term growth (yrs 1–5)(%)Rev: 4.9% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 7.29%

Computed WACC: 7.29%

Cost of equity (Re)7.09%(Rf 4.30% + β 0.51 × ERP 5.50%)

Cost of debt (Rd)10.53%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)83.92%

Debt weight (D/V)16.08%

Results

Intrinsic Value / share$-78.76

Current Price$61.43

Upside / Downside-228.2%

Net Debt (used)$556.62M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-59.53	$-70.65	$-83.58	$-98.55	$-115.80
8.0%	$-49.75	$-58.70	$-69.09	$-81.11	$-94.93
9.0%	$-42.97	$-50.42	$-59.06	$-69.04	$-80.50
10.0%	$-37.99	$-44.35	$-51.71	$-60.20	$-69.94
11.0%	$-34.18	$-39.71	$-46.09	$-53.45	$-61.87

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-6.30

Book Value / share($)Yahoo: $-5.37

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$61.43

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 7.29%

Terminal growth rate(%)

Computed WACC: 7.29%

Cost of equity (Re)7.09%(Rf 4.30% + β 0.51 × ERP 5.50%)

Cost of debt (Rd)10.53%(interest expense ÷ avg debt (SEC))

Tax rate (T)21.00%(US statutory fallback)

Equity weight (E/V)83.92%

Debt weight (D/V)16.08%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$61.43

Implied Near-term FCF Growth—

Historical Revenue Growth4.9%

Historical Earnings Growth—

Base FCF (TTM)-$379.62M

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$61.43

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$602.13M

Target EV/EBITDA multipleCurrent: -13.5×

Net Debt($B)Default: $556.62M

Results

Implied Equity Value / share$61.88

Current Price$61.43

Upside / Downside+0.7%

Implied EV$8.12B

← Overview Financial Statements ← Companies