ERO

ERO — Valuation Models

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

Valuation Summary

ModelIntrinsic Valuevs Price ($33.39)
DCF$-69.73-308.8%
Graham Number$16.01-52.0%
Reverse DCF
DDM
EV/EBITDA$33.45+0.2%

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

1 — Discounted Cash Flow (DCF)

Assumptions

Yahoo: -$48.77M
Rev: 41.9% / EPS: -11.0%
Default: 9% (no SEC data)

Results

Intrinsic Value / share$-69.62
Current Price$33.39
Upside / Downside-308.5%
Net Debt (used)$572.12M
Sensitivity: WACC (rows) × Near-term g (cols)
WACC \ Near-term33.9%37.9%41.9%45.9%49.9%
7.0%$-81.32$-93.09$-106.29$-121.06$-137.52
8.0%$-65.01$-74.20$-84.51$-96.03$-108.87
9.0%$-53.86$-61.29$-69.62$-78.93$-89.30
10.0%$-45.81$-51.96$-58.86$-66.57$-75.16
11.0%$-39.74$-44.94$-50.77$-57.27$-64.52

2 — Graham Number

Assumptions

Graham used 22.5 (15× P/E × 1.5× P/B)
Yahoo: $1.33
Yahoo: $8.57

Results

Graham Number$16.01
Current Price$33.39
Margin of Safety-52.0%
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$33.39
Implied Near-term FCF Growth
Historical Revenue Growth41.9%
Historical Earnings Growth-11.0%
Base FCF (TTM)-$48.77M
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: —

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$33.39
Upside / Downside
Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

Yahoo: $256.51M
Current: 15.8×
Default: $572.12M

Results

Implied Equity Value / share$33.45
Current Price$33.39
Upside / Downside+0.2%
Implied EV$4.05B
Sensitivity: EV/EBITDA multiple (rows) × Net Debt (cols)
Mult \ Net Debt-$1.43B-$427.88M$572.12M$1.57B$2.57B
11.8x$42.83$33.20$23.58$13.95$4.32
13.8x$47.76$38.14$28.51$18.89$9.26
15.8x$52.70$43.08$33.45$23.83$14.20
17.8x$57.64$48.02$38.39$28.76$19.14
19.8x$62.58$52.95$43.33$33.70$24.08