EMF

EMF — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($20.30)
DCF$-0.39-101.9%
Graham Number$36.14+78.0%
Reverse DCF
DDM$18.13-10.7%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: —
Rev: -13.3% / EPS: 98.9%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-0.39
Current Price$20.30
Upside / Downside-101.9%
Net Debt (used)$5.82M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term90.9%94.9%98.9%102.9%106.9%
7.0%$-0.39$-0.39$-0.39$-0.39$-0.39
8.0%$-0.39$-0.39$-0.39$-0.39$-0.39
9.0%$-0.39$-0.39$-0.39$-0.39$-0.39
10.0%$-0.39$-0.39$-0.39$-0.39$-0.39
11.0%$-0.39$-0.39$-0.39$-0.39$-0.39

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $3.36
Yahoo: $17.27

Results

Graham Number$36.14
Current Price$20.30
Margin of Safety+78.0%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Reverse DCF requires positive TTM free cash flow.
Current Price$20.30
Implied Near-term FCF Growth
Historical Revenue Growth-13.3%
Historical Earnings Growth98.9%
Base FCF (TTM)
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

Yahoo: $0.88

Results

DDM Intrinsic Value / share$18.13
Current Price$20.30
Upside / Downside-10.7%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $5.82M

Results

Implied Equity Value / share$-0.39
Current Price$20.30
Upside / Downside-101.9%
Implied EV$0