FBIO — Valuation Models

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

Valuation Summary

Model	Intrinsic Value	vs Price ($3.30)
DCF	$-73.23	-2319.1%
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: -$53.36M

Near-term growth (yrs 1–5)(%)Rev: 20.5% / EPS: —

Long-term growth (yrs 6–10)(%)

Terminal growth rate(%)

WACC(%)Computed: 14.43%

Computed WACC: 14.43%

Cost of equity (Re)12.05%(Rf 4.30% + β 1.41 × ERP 5.50%)

Cost of debt (Rd)22.77%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)60.00%

Debt weight (D/V)40.00%

Results

Intrinsic Value / share$-35.38

Current Price$3.30

Upside / Downside-1172.2%

Net Debt (used)-$17.93M

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

WACC \ Near-term	12.5%	16.5%	20.5%	24.5%	28.5%
7.0%	$-80.11	$-94.76	$-111.51	$-130.58	$-152.21
8.0%	$-64.05	$-75.64	$-88.90	$-103.97	$-121.07
9.0%	$-53.00	$-62.51	$-73.36	$-85.70	$-99.67
10.0%	$-44.97	$-52.95	$-62.06	$-72.41	$-84.12
11.0%	$-38.87	$-45.70	$-53.49	$-62.34	$-72.34

2 — Graham Number

Assumptions

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

EPS (trailing)($)Yahoo: $-0.12

Book Value / share($)Yahoo: $1.80

Results

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

Graham Number—

Current Price$3.30

Margin of Safety—

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

3 — Reverse DCF (Implied Growth)

Assumptions

WACC(%)Computed: 14.43%

Terminal growth rate(%)

Computed WACC: 14.43%

Cost of equity (Re)12.05%(Rf 4.30% + β 1.41 × ERP 5.50%)

Cost of debt (Rd)22.77%(interest expense ÷ avg debt (SEC))

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

Equity weight (E/V)60.00%

Debt weight (D/V)40.00%

Results

Reverse DCF requires positive TTM free cash flow.

Current Price$3.30

Implied Near-term FCF Growth—

Historical Revenue Growth20.5%

Historical Earnings Growth—

Base FCF (TTM)-$53.36M

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$3.30

Upside / Downside—

Formula: D0 × (1+g) / (r − g)

5 — EV/EBITDA Multiple

Assumptions

EBITDA($B)Yahoo: -$79.90M

Target EV/EBITDA multipleCurrent: -1.2×

Net Debt($B)Default: -$17.93M

Results

Implied Equity Value / share$3.60

Current Price$3.30

Upside / Downside+9.1%

Implied EV$93.81M

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