DBRG — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($15.44)
DCF	$-11.25	-172.9%
Graham Number	$4.41	-71.5%
Reverse DCF	—	—
DDM	$0.82	-94.7%
EV/EBITDA	—	—

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: -$119.99M

Near-term growth (yrs 1–5)(%)Rev: -27.6% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.60%

Computed WACC: 12.60%

Cost of equity (Re)13.47%(Rf 4.30% + β 1.67 × ERP 5.50%)

Cost of debt (Rd)5.92%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)90.10%

Debt weight (D/V)9.90%

Results

Intrinsic Value / share$-7.09

Current Price$15.44

Upside / Downside-145.9%

Net Debt (used)-$51.54M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-11.35	$-13.70	$-16.44	$-19.60	$-23.25
8.0%	$-9.28	$-11.17	$-13.37	$-15.91	$-18.84
9.0%	$-7.84	$-9.42	$-11.25	$-13.36	$-15.78
10.0%	$-6.79	$-8.14	$-9.69	$-11.49	$-13.55
11.0%	$-5.99	$-7.15	$-8.51	$-10.06	$-11.84

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $0.12

Book Value / share($)Yahoo: $7.19

Results

Graham Number$4.41

Current Price$15.44

Margin of Safety-71.5%

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.60%

Terminal growth rate(%)

Computed WACC: 12.60%

Cost of equity (Re)13.47%(Rf 4.30% + β 1.67 × ERP 5.50%)

Cost of debt (Rd)5.92%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)90.10%

Debt weight (D/V)9.90%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$15.44

Implied Near-term FCF Growth—

Historical Revenue Growth-27.6%

Historical Earnings Growth—

Base FCF (TTM)-$119.99M

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: $0.04

Dividend growth rate (g)(%)

Required return (r)(%)

Results

DDM Intrinsic Value / share$0.82

Current Price$15.44

Upside / Downside-94.7%

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$23.65M

Target EV/EBITDA multipleCurrent: -165.4×

Net Debt($B)Default: -$51.54M

Results

Implied Equity Value / share$21.70

Current Price$15.44

Upside / Downside+40.5%

Implied EV$3.91B

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