EGHT — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($2.22)
DCF	$15.59	+602.3%
Graham Number	—	—
Reverse DCF	—	implied g: -7.4%
DDM	—	—
EV/EBITDA	$1.79	-19.3%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Base FCF($B)Yahoo: $67.53M

Near-term growth (yrs 1–5)(%)Rev: 17.4% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 9.75%

Computed WACC: 9.75%

Cost of equity (Re)14.01%(Rf 4.30% + β 1.76 × ERP 5.50%)

Cost of debt (Rd)8.25%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)43.14%

Debt weight (D/V)56.86%

Results

Intrinsic Value / share$13.56

Current Price$2.22

Upside / Downside+510.8%

Net Debt (used)$260.12M

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

WACC \ Near-term	9.4%	13.4%	17.4%	21.4%	25.4%
7.0%	$16.91	$20.40	$24.40	$28.97	$34.17
8.0%	$13.24	$16.01	$19.18	$22.80	$26.92
9.0%	$10.71	$12.99	$15.59	$18.56	$21.94
10.0%	$8.87	$10.78	$12.98	$15.47	$18.31
11.0%	$7.47	$9.11	$10.99	$13.13	$15.56

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.03

Book Value / share($)Yahoo: $1.36

Results

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

Graham Number—

Current Price$2.22

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 9.75%

Terminal growth rate(%)

Computed WACC: 9.75%

Cost of equity (Re)14.01%(Rf 4.30% + β 1.76 × ERP 5.50%)

Cost of debt (Rd)8.25%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)43.14%

Debt weight (D/V)56.86%

Results

Current Price$2.22

Implied Near-term FCF Growth-5.8%

Historical Revenue Growth17.4%

Historical Earnings Growth—

Base FCF (TTM)$67.53M

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$2.22

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: $37.27M

Target EV/EBITDA multipleCurrent: 13.7×

Net Debt($B)Default: $260.12M

Results

Implied Equity Value / share$1.79

Current Price$2.22

Upside / Downside-19.3%

Implied EV$509.70M

Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)

Mult \ Net Debt	-$1.74B	-$739.88M	$260.12M	$1.26B	$2.26B
9.7x	$15.08	$7.90	$0.72	$-6.46	$-13.63
11.7x	$15.61	$8.43	$1.26	$-5.92	$-13.10
13.7x	$16.15	$8.97	$1.79	$-5.39	$-12.56
15.7x	$16.68	$9.50	$2.33	$-4.85	$-12.03
17.7x	$17.22	$10.04	$2.86	$-4.32	$-11.49

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