ESPR — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.27)
DCF	$-171.38	-5341.0%
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: -$78.27M

Near-term growth (yrs 1–5)(%)Rev: 69.1% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 5.87%

Computed WACC: 5.87%

Cost of equity (Re)10.38%(Rf 4.30% + β 1.11 × 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)56.54%

Debt weight (D/V)43.46%

Results

Intrinsic Value / share$-389.89

Current Price$3.27

Upside / Downside-12023.3%

Net Debt (used)$508.54M

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

WACC \ Near-term	61.1%	65.1%	69.1%	73.1%	77.1%
7.0%	$-216.27	$-243.99	$-274.51	$-308.06	$-344.83
8.0%	$-167.96	$-189.38	$-212.97	$-238.89	$-267.30
9.0%	$-135.09	$-152.23	$-171.10	$-191.83	$-214.55
10.0%	$-111.44	$-125.50	$-140.97	$-157.97	$-176.60
11.0%	$-93.72	$-105.48	$-118.41	$-132.62	$-148.19

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.54

Book Value / share($)Yahoo: $-2.20

Results

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

Graham Number—

Current Price$3.27

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 5.87%

Terminal growth rate(%)

Computed WACC: 5.87%

Cost of equity (Re)10.38%(Rf 4.30% + β 1.11 × 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)56.54%

Debt weight (D/V)43.46%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.27

Implied Near-term FCF Growth—

Historical Revenue Growth69.1%

Historical Earnings Growth—

Base FCF (TTM)-$78.27M

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$3.27

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$29.27M

Target EV/EBITDA multipleCurrent: -43.9×

Net Debt($B)Default: $508.54M

Results

Implied Equity Value / share$3.24

Current Price$3.27

Upside / Downside-0.8%

Implied EV$1.28B

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