DBVT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($23.25)
DCF	$-15449.64	-66550.1%
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: -$51.06M

Near-term growth (yrs 1–5)(%)Rev: 158.8% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 3.22%

Computed WACC: 3.22%

Cost of equity (Re)3.24%(Rf 4.30% + β -0.19 × 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)99.40%

Debt weight (D/V)0.60%

Results

Intrinsic Value / share$-211226.96

Current Price$23.25

Upside / Downside-908603.1%

Net Debt (used)-$62.15M

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

WACC \ Near-term	150.8%	154.8%	158.8%	162.8%	166.8%
7.0%	$-21945.08	$-23750.62	$-25673.11	$-27718.13	$-29891.47
8.0%	$-16733.01	$-18109.47	$-19575.08	$-21134.10	$-22790.92
9.0%	$-13206.91	$-14293.11	$-15449.64	$-16679.87	$-17987.27
10.0%	$-10686.03	$-11564.72	$-12500.30	$-13495.48	$-14553.08
11.0%	$-8810.52	$-9534.83	$-10306.02	$-11126.34	$-11998.10

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-5.77

Book Value / share($)Yahoo: $0.39

Results

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

Graham Number—

Current Price$23.25

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 3.22%

Terminal growth rate(%)

Computed WACC: 3.22%

Cost of equity (Re)3.24%(Rf 4.30% + β -0.19 × 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)99.40%

Debt weight (D/V)0.60%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$23.25

Implied Near-term FCF Growth—

Historical Revenue Growth158.8%

Historical Earnings Growth—

Base FCF (TTM)-$51.06M

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$23.25

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: —

Target EV/EBITDA multipleCurrent: —×

Net Debt($B)Default: -$62.15M

Results

Implied Equity Value / share$1.13

Current Price$23.25

Upside / Downside-95.1%

Implied EV$0

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