DERM — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($8.09)
DCF	$-25.17	-411.2%
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: -$15.97M

Near-term growth (yrs 1–5)(%)Rev: 20.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 8.05%

Computed WACC: 8.05%

Cost of equity (Re)8.80%(Rf 4.30% + β 0.82 × 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)91.40%

Debt weight (D/V)8.60%

Results

Intrinsic Value / share$-30.20

Current Price$8.09

Upside / Downside-473.3%

Net Debt (used)$353,000

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

WACC \ Near-term	12.5%	16.5%	20.5%	24.5%	28.5%
7.0%	$-27.52	$-32.51	$-38.22	$-44.73	$-52.10
8.0%	$-22.04	$-26.00	$-30.52	$-35.66	$-41.48
9.0%	$-18.28	$-21.52	$-25.22	$-29.42	$-34.19
10.0%	$-15.54	$-18.26	$-21.37	$-24.89	$-28.89
11.0%	$-13.46	$-15.79	$-18.45	$-21.46	$-24.87

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.35

Book Value / share($)Yahoo: $0.98

Results

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

Graham Number—

Current Price$8.09

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 8.05%

Terminal growth rate(%)

Computed WACC: 8.05%

Cost of equity (Re)8.80%(Rf 4.30% + β 0.82 × 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)91.40%

Debt weight (D/V)8.60%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$8.09

Implied Near-term FCF Growth—

Historical Revenue Growth20.5%

Historical Earnings Growth—

Base FCF (TTM)-$15.97M

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$8.09

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$1.32M

Target EV/EBITDA multipleCurrent: -168.1×

Net Debt($B)Default: $353,000

Results

Implied Equity Value / share$8.13

Current Price$8.09

Upside / Downside+0.5%

Implied EV$222.05M

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