ERC

ERC — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($9.27)
DCF$88.53+855.0%
Graham Number$14.73+58.9%
Reverse DCFimplied g: 12.2%
DDM$17.92+93.3%
EV/EBITDA

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: $14.13M
Rev: -6.6% / EPS: 47.7%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$88.37
Current Price$9.27
Upside / Downside+853.3%
Net Debt (used)$118.62M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term39.7%43.7%47.7%51.7%55.7%
7.0%$107.17$123.78$142.33$162.98$185.91
8.0%$82.88$95.82$110.26$126.33$144.17
9.0%$66.31$76.73$88.37$101.32$115.69
10.0%$54.34$62.96$72.57$83.27$95.14
11.0%$45.34$52.60$60.69$69.70$79.69

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $0.96
Yahoo: $10.05

Results

Graham Number$14.73
Current Price$9.27
Margin of Safety+58.9%
Formula: √(22.5 × max(0,EPS) × max(0,BVPS))

3 — Reverse DCF (Implied Growth)

Assumptions

Default: 9% (no SEC data)

Results

Current Price$9.27
Implied Near-term FCF Growth12.2%
Historical Revenue Growth-6.6%
Historical Earnings Growth47.7%
Base FCF (TTM)$14.13M
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: $0.87

Results

DDM Intrinsic Value / share$17.92
Current Price$9.27
Upside / Downside+93.3%
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: —
Current: —×
Default: $118.62M

Results

Implied Equity Value / share$-4.23
Current Price$9.27
Upside / Downside-145.6%
Implied EV$0