DMRC — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($4.33)
DCF	$-2.59	-159.9%
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: -$3.62M

Near-term growth (yrs 1–5)(%)Rev: -19.2% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 12.64%

Computed WACC: 12.64%

Cost of equity (Re)13.37%(Rf 4.30% + β 1.65 × 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)94.56%

Debt weight (D/V)5.44%

Results

Intrinsic Value / share$-1.53

Current Price$4.33

Upside / Downside-135.4%

Net Debt (used)-$7.14M

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

WACC \ Near-term	-3.0%	1.0%	5.0%	9.0%	13.0%
7.0%	$-2.62	$-3.22	$-3.91	$-4.71	$-5.64
8.0%	$-2.09	$-2.57	$-3.13	$-3.78	$-4.52
9.0%	$-1.73	$-2.13	$-2.59	$-3.13	$-3.74
10.0%	$-1.46	$-1.81	$-2.20	$-2.66	$-3.18
11.0%	$-1.26	$-1.56	$-1.90	$-2.29	$-2.75

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-1.70

Book Value / share($)Yahoo: $1.91

Results

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

Graham Number—

Current Price$4.33

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 12.64%

Terminal growth rate(%)

Computed WACC: 12.64%

Cost of equity (Re)13.37%(Rf 4.30% + β 1.65 × 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)94.56%

Debt weight (D/V)5.44%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$4.33

Implied Near-term FCF Growth—

Historical Revenue Growth-19.2%

Historical Earnings Growth—

Base FCF (TTM)-$3.62M

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$4.33

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$29.81M

Target EV/EBITDA multipleCurrent: -3.0×

Net Debt($B)Default: -$7.14M

Results

Implied Equity Value / share$4.39

Current Price$4.33

Upside / Downside+1.4%

Implied EV$88.35M

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